MBS > Int Bus > Ch4: International Trade

MBS > Int Bus > Ch4: International Trade

University

20 Qs

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MBS > Int Bus > Ch4: International Trade

MBS > Int Bus > Ch4: International Trade

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Max Barahona

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most of the world merchandise trade is composed of trade in ________.

minerals

services

manufactured goods

agricultural products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A majority of the total world merchandise trade occurs among ________.

middle-income and low-income economies

high-income economies

newly industrialized countries

emerging markets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The danger of trade dependency is that ________.

it often leads to the exploitation of developed countries

political turmoils in a country might affect all dependent countries

the countries involved in trade often get into rivalry over trade tariff issues

) it is difficult to end trade activities with current trade partners and find new trade partners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The condition that results when the value of a nation's exports is greater than the value of its imports is called ________.

a trade deficit

a trade surplus

mercantilism

dumping

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Better Mousetrap Inc.

Better Mousetrap Inc. is a manufacturing company that sells pest control products. Recently the company launched an innovative mousetrap with a unique design that has been selling well in the U.S. market. Senior Vice President Marc Wallace, even recommended expanding sales overseas in order to increase company revenues.

 

9) In reviewing his fulfillment process, Jack realizes that different customers opt for different types of shipping based on their preferences. Which of the following would most likely help Jack provide better shipping service to his customers?

introduce overnight delivery but at a very high cost

reduce costs by implementing a cheaper but slower delivery method

implement a universal delivery method to capitalize on efficiency gains

offer customers a choice of delivery methods with different speeds and costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International trade is the purchase, sale, or exchange of goods and services across national borders.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most of the world's merchandise trade is composed of trade in agricultural products.

TRUE

FALSE

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