BM Chapter 9 Review

Front

Have trade patterns on an international level shifted from services to goods?

Back

False

Front

Is buying goods and services made in other countries called importing?

Back

True

Front

Do Americans export goods from France when they buy French perfume?

Back

False

Front

Is a company headquarters that owns or controls production or service facilities in more than one country a subsidiary?

Back

False

Front

Are most of the world's smallest corporations multinationals?

Back

False

Front

Is one reason for imposing tariffs to earn revenue for the country?

Back

True

Front

Does dumping lower the price of goods sold in a foreign market?

Back

True

Front

Do quotas limit the number of goods permitted to enter a country?

Back

True

Front

Do tariffs raise the price of foreign products?

Back

True

Front

Do nontariff barriers increase the number of imports that enter a country?

Back

False