
3. International Trade and Corporations
Quiz
•
Business
•
University
•
Practice Problem
•
Easy
Amber Hatter
Used 1+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of outsourcing?
Job growth
Intellectual property loss
Better dialogue
Timing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the theory of comparative advantage, what leads to efficient trade?
Local trade
Inefficient trade
Efficient specialization
No trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main aim of NAFTA?
Raise tariffs
Promote free trade
Merge currencies
Limit trade
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What benefits do multinational corporations have?
More barriers
Single-country operations
Flexible production
Fixed rules
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main role of the World Trade Organization (WTO)?
Give loans
Manage trade
Exchange currency
Set tariffs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company is an example of a multinational corporation?
Local store
Coca-Cola
City bus
Bakery
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is involved in "countertrade"?
Overseas investment
Bartering
Franchising
Tariffs
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