BF150 Quiz 1 Review

BF150 Quiz 1 Review

Professional Development

8 Qs

quiz-placeholder

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BF150 Quiz 1 Review

BF150 Quiz 1 Review

Assessment

Quiz

Social Studies

Professional Development

Practice Problem

Medium

Created by

Amanda Askew

Used 6+ times

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8 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

This means that the price of a basket of goods should be the equivalent in each country.

2.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

Selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their “fair” market value.

3.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

A policy that partially or entirely restricts the export of a good.

4.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

If the real interest rate is the same worldwide, any difference in interest rates between countries reflects differing expectations about inflation rates

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

The theory that the situation where a capital intensive country exports products that are capital intensive

Adam Smith Theory

Hecksher-Ohlin Theory

Fisher Effect Theory

Ricardo Theory

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

This theory highlights the first mover advantage and highlights economies of scale

Hecksher-Ohlin Theory

Adam Smith Theory

Fisher Effect

The New Trade Theory

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Porter's Diamond Theory suggests that this attributes to promote or impede the creation of competitive advantage

Firm Strategy, Structure, and Rivalry

Current Forex Rates

Big Mac Prices

Climate Change

8.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

After the World Trade Organization; what was created to ensure friendly trade between neighboring countries?

Chase Bank

General Agreement on Tariffs and Trade (GATT)

Bank of America

International Monetary Fund (IMF)