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Quiz 2.03

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

Which of the following is an example of export support provided by the US Department of Commerce?

a)

NC International Trade Division

b)

NC World Trade Association

c)

US Commercial Service

d)

US Business Service

2.

Which provides links to export-related programs and services, and contains market research information from 19 federal agencies?

a)

Nccommerce.com

b)

NCWTA.org

c)

Worldbank.org

d)

Export.gov

3.

Which agency has satellite offices near Asheville, Charlotte and Kinston, partnering with the US Commercial Service?

a)

Charlotte Chamber of Commerce

b)

Charlotte World Trade Association

c)

NC World Trade Association

d)

NC International Trade Division

4.

You are a small business owner interested in exporting your products to a foreign country. Which website would be an ideal starting point for gathering information?

a)

www.census.gov

b)

www.export.gov

c)

www.imf.org

d)

www.wto.org

5.

Which of the following countries were North Carolina’s top export partners?

a)

Canada, Brazil, Cuba, Japan and France

b)

Canada, Germany, Japan, Italy and South Africa

c)

Canada, Germany, China, Mexico and the UK

d)

Canada, Mexico, China, China, Japan and France

6.

Services offered by www.export.gov website include:

a)

General Agreement on Tariffs and Trade rules

b)

Providing loans to high-risk exporting businesses

c)

Organizing trade shows in other countries

d)

Providing free Platinum Key Services

7.

Prior to 1995, the World Trade Organization (WTO) was formerly known as

a)

IMF

b)

ITO

c)

GATT

d)

WB

8.

Which of the following best describes the mission of the World Trade Organization (WTO)

a)

Helps regulate international currency rates

b)

Provides loans to low and middle income countries

c)

Imposes sanctions against countries violating trade rules

d)

Governs international trade agreements

9.

Which international trade organization works to promote high employment, observe economic activity within and between countries, and sustain economic growth?

a)

GATT

b)

WB

c)

WTO

d)

IMF

10.

Which international trade organization’s mission is to fight poverty and improve living standards of those in developing countries?

a)

GATT

b)

WTO

c)

IMF

d)

WB

11.

There have been many protests against international trade organizations, one of which rulers in many developing countries have been accused of stealing funds that were intended for the good of their country. Which specific organization has received this criticism?

a)

GATT

b)

IMF

c)

WTO

d)

WB

12.

There have been many protests against international trade organizations, one of which is agreements threaten human rights and promotes trade liberalization in less developed countries. Which specific organization has received this criticism?

a)

GATT

b)

IMF

c)

WB

d)

WTO

13.

Why are international trade organizations considered controversial by countries, groups and individuals?

a)

They impose sanctions instead of having member countries impose their own

b)

They provide counseling and train individuals on export details and rules

c)

They provide education and networking opportunities for exporters and importers

d)

They impose standards, such as controlling wages or work environments