INTERNATIONAL BUSINESS W13

Which organization promotes free trade by reducing tariffs and trade barriers among member countries?

• World Trade Organization (WTO)

• International Monetary Fund (IMF)

• United Nations (UN)

• Organization of Petroleum Exporting Countries (OPEC)

Which term refers to a tax imposed on imported goods to make them more expensive and protect domestic industries?

• subsidy

• quota

• tariff

• dumping

Governments interfered in trade due to pursue the strategic trade policies

• economic motives

• political motives

• cultural motives

• law motives

Restriction on the amount (measured in units or weight) of a good that can enter or leave a country during a certain period of time.

(a)  

GATT stands for???

(a)  

________ efforts are made to build brand loyalty and develop a strong customer base

• new initial stage

• maturing product stage

• standardized product stage

Which term refers to the complete removal of trade barriers and restrictions between countries?

• Import substitution

• Trade Liberalization

• Tariff Quota

• Currency Control

The eclectic theory The eclectic theory, also known as the OLI framework that stands for :

O - Ownership

L- Location

I- _______

• Initialization

• Internalization

• Income

• International

National account that records transactions involving the purchase and sale of assets

• Capital Account

• Current Account

• Liability Account

• Equity Account

Which of the following is an example of Foreign Direct Investment (FDI)?

• A company in Country A exporting goods to Country B.

• A citizen of Country A buying stocks in a company in Country B.

• A company in Country A setting up a manufacturing plant in Country B.

• A government in Country A providing financial aid to Country B.