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International Trade Quiz 131 (25 MCQs)

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1. Policy in which governments do not place restrictions on imports and exports
2. It is the authority of organization that controls the flow of goods in and out of a country.
3. What are the main objects of transport insurance?
4. The first trade didn't occur during the 15th century but instead during 1400's since the first to discover the fur are not the Europeans but only mere fishermen and travelers.
5. Give the consumers and countries the opportunity to exposed the goods and services does not available in their country?
6. Which of the following is part of the arguments about trade against?
7. This organization is made up of 11 developing countries that depend on oil as a main source of income and provides over 40% of the worlds oil supply
8. What is the cause behind the decline in the share of traditional items of export from India?
9. *26 members, 19 of which use the Euro as currencyNo tariffs for member nations;
10. Name one benefit of international trade.
11. The following is an approach or theory in analyzing ethical behavior, namely_____
12. Which of the following is NOT a common objective of international business expansion?
13. Exporting dates in Saudi Arabia is one example of International Trade.
14. Each political system's philosophy impacts the policies that govern the local economy and business environment.
15. Who has the absolute advantage for wands?
16. GATT rules allow countries to impose antidumping duties on foreign goods that are being sold cheaper than at home, or below their cost of production, when domestic producers can show that they are being harmed.
17. A group of countries that agree to reduce or eliminate trade barriers but each can have its own trade policy toward other countries have established a
18. Which of the following is a trade barrier that imposes taxes or duties on imported goods?
19. A suspicious transaction is one that is outside the normal range of transactions from the seller's point of view, in particular in relation to new customers or where an old customer changes transaction structure in an unusual way. It can include:
20. Tana decides she wants to buy a new car. She went to the dealership and they told her she can have a new car today for a payment of $350 a month for 5 years or a payment of $250 for 8 years. Select the answer that applies to her situation with choosing a payment plan. (hint you may have to do a little math, multiple the payment by how many months you will be paying)
21. It is a tax or duty imposed by a government on imported or exported goods. It is a form of trade barrier that can affect the cost and competitiveness of foreign products in the domestic market.
22. If the U.S. government limits the number of cars that can be imported, the government is placing a(n) _____ on foreign-made cars.
23. A written order used in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date
24. Who are the 'winners' from international trade?
25. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent.
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