
International Business Class - Chapter 7
Quiz
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Business
•
University
•
Practice Problem
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The situation where a government does not attempt to restrict what its citizen can buy form another country or what they can sell to another country
Free Trade Agreement
Free Trade
International trade
Regional trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The free trade agreement in Southeast Asia (ASEAN) is
NAFTA
DR-CAFTA
AFTA
EPA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The demands that some specific fraction of a good be produced domestically is one of the government intervention in international trade in the term of
Local content requirements
Subsidies
Voluntary export restraints
Administrative policies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tax levied as a proportion of the value of the imported good is the definition of
Tariffs
Specific tariffs
Import quotas
Ad valorem tariffs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A direct restriction on the quantity of some good that may be imported into a country
Import quota
Tariff rate quota
Voluntary export restraint
Quota rent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bellow are kind of political argument for government intervention in trade, except:
Protecting jobs and industries
Protecting jobs and industries
Strategic trade policies
National security
Furthering foreign policy objectives
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
General Agreements on Tariffs and Trade was established in
1945
1947
1957
1974
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