Ch. 3-2: The Global Marketplace

Ch. 3-2: The Global Marketplace

Multiple Choice

Which of the following is NOT a formal trade barrier?

• Quota

• Barter system

• Embargo

• Tariff

Multiple Choice

True or False? Infrastructure is a significant factor that affects the economic development of a country.

• True

• False

Multiple Choice

True or False? An informal trade barrier is created by government actions.

• True

• False

Multiple Choice

Religion is an element of the ______ component of the international business environment.

• geographic

• economic

• cultural

• political

Multiple Choice

A country that wishes to enhance international trade activities would most likely use

• a tariff

• a common market

• an embargo

• a quota