QTTMQT

QTTMQT

University

10 Qs

quiz-placeholder

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QTTMQT

QTTMQT

Assessment

Quiz

English

University

Practice Problem

Hard

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22070532 Dương

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following best defines trade costs?

Only the costs directly related to production

Additional expenses beyond production incurred during export

Costs solely associated with marketing and distribution

Expenses incurred during the importation process

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What types of costs are included in trade costs?

Only transportation and insurance costs

Only tariffs and duties

A wide range of expenses beyond production costs

Solely marketing costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following is NOT part of trade costs?

Tariffs and duties

Marketing and distribution costs

 Production costs

Non-tariff barriers

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which strategy is NOT mentioned as a way to mitigate trade costs  ?

Investing in advanced technology for production

Negotiating favorable trade agreements

Utilizing free trade zones

 Streamlining customs clearance procedures

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is a potential benefit for export-oriented firms when trade barriers are reduced or eliminated?

Decreased competition

Stagnant sales

Increased sales and profits

Limited market access

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What characteristic is highlighted as beneficial for companies in a more open trade environment?

Rigidness in adapting to market conditions

Slow innovation

Quick adaptation to changing market conditions

Limited access to new markets

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which type of firms may find it difficult to compete with more efficient foreign rivals?

Firms with efficient production processes

Firms with outdated technology

Firms that rely on protectionist measures

Firms with strong domestic market presence

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