International

Front

The value of the Dollar appreciates versus the Euro. Who will benefit?

Back

an American traveling to Europe

Front

In this situation you can conclude that 1 Euro would trade for

Back

20 Mexican Pesos.

Front

What conclusion can be drawn from this list? Options: Georgia's sea ports need improvement. Georgia's agriculture is extremely profitable. Georgia is a good place for international businesses. Georgia has never been successful in international economics.

Back

Georgia is a good place for international businesses.

Front

Free trade agreements significantly decrease transaction costs leading to a decrease in the cost of international goods and services.

Back

Free trade agreements significantly decrease transaction costs leading to a decrease in the cost of international goods and services.

Front

How can an economic trade barrier, like an embargo, influence foreign policy?

Back

An embargo is considered an act of war in most cases.

Front

What kind of trade barrier is being described when Saudi Arabia institutes a maximum 40% charge on imported food, with a 40% import duty rate on fresh, dried/processed dates and 25% on wheat flour?

Back

quota

Front

The Indian government requires a special import license for motorcycles and vehicles that is very restrictive. Import licenses for motorcycles are provided to only foreign nationals permanently residing in India, working in India for foreign firms that hold greater than 30% equity or to foreign nations working at embassies and foreign missions. This is BEST described as an example of

Back

an import quota

Front

The European Union was created specifically for what purpose?

Back

to encourage free trade

Front

Canada is located to the north of the United States. Due to its shared border, the US and Canada, along with Mexico, entered into a trade agreement known as

Back

the North American Free Trade Agreement.

Front

If the United States exports $100 million of goods and imports $150 million, what does the United States have?

Back

a trade deficit