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International Business Class - Chapter 7

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International Business Class - Chapter 7
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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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