Import/Export

Based on GDP per capita, estimate the level of economic development for Ethiopia:

• Developing

• Newly Developed

• Developed

Determine the type of textile and apparel products that Newly Developed countries tend to manufacture, based on the level of economic development:

• These countries tend to manufacture a wide range of textile and apparel products, many of which are exported.

• These countries tend to manufacture a limited assortment of basic apparel goods, with little to no textile production

• These countries tend to produce technology-intensive textile and apparel goods

_____ Perspectives that are necessary to consider for examining the global textile and apparel industries include

• Economic (business)

• Political (government)

• Social (labor)

• All of the above

• Only A and C

1. Developments in the global textile and apparel industries in the late 20^th and early 21^st centuries include:

• Declining production of textile and apparel goods in developed economies

• Increasing production of textile and apparel goods in developing and newly developing countries

• Rising textile and apparel imports in economically advanced nations

• All of the above

• Only A and B

Merchandise trade balance is _______.

• measured by value rather than quantities of good traded

• the same thing as the exchange rate

• always negative for textiles and apparel

• the difference between exports and imports

• taking into account domestic production

What are the reasons for developing and newly developing nations actively participating in apparel production?

• These countries have an abundance of low-cost labor that is essential for labor-intensive apparel manufacturing.

• Because of relatively low requirements for capital and technology, countries begin industrialization from apparel manufacturing

• Because clothing is a basic human need, all countries in the world historically have had some textile and apparel production.

• All of the Above

• Only A and B

Define Economic responsibility component of sustainability:

• Responsibility for physical conditions and circumstances influencing the health and comfort of current and future generations

• Responsibility for equal benefits to all parties involved in any business transaction; the most efficient use of resources

• Responsibility for the welfare and interest of communities

Codes of conduct in apparel industry_______.

• solved all labor related issues and injustices

• are easy to consistently implement across an apparel supply chain

• consist of statements and principles that govern all business decisions of a company

• cover the company’s relations only with its suppliers

• None are true

The biggest impact of the environment from textile and apparel products occurs during the _____ stage of product life cycle.

• design and product development

• manufacturing

• transportation

• consumption

Trade protectionism includes ______.

• the use of trade barriers to protect domestic firms

• the collection of duties or taxes to increase the cost of goods coming into a country

• the inspection of goods to determine if they comply with federal regulations and can enter the country

• All of the above

• Only A and C