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WorksheetsBUSS 3421 International Trade Quiz
Total questions: 10
Worksheet time: 3hrs 30mins
It is a condition of a producer where it is better suited for production of one good than another good. Which of the following is suitable to describe the statement above?
A . Tariffs
B. Trade Barrier
C. Comparative Advantage
D. International Trade Theory
___________ refers sale of good abroad at a price below their cost and below the price charged in the domestic market.
A. Export Subsidies
B. Dumping
C. Transit Tariff
D. Quota
_____________ is known as a tax levied on goods passing through the country.
A. Transit Tariff
B. Dumping
C. Quota
D. Export Subsidies
___________ is protected by tariffs and quotas in the short run.
A. Consumer choice
B. Price wars
C. Foreign employment
D. Domestic jobs
A limit on the number of cars that can be brought into the country called as _______________.
A. voluntary export constraint
B. custom duty
C.import quota
D. tariff
Importing more than exporting is ________________.
A. balance of trade
B. trade surplus
C. balance of payment
D. trade deficit
Which is the most traditional and well established form of operating in foreign markets?
Exporting
Importing
Joint -venture
Franchising
Companies such as Coca-Cola and Disney have achieved growth through:
Licensing
Joint-ventures
Piggybacking
Exporting
What is the main benefit of acquisitions over other hierarchical entry modes?
An improved corporate image in foreign market
Cheaper entry
No corporate tax
Rapid entry
In international marketing the main difference between a foreign branch and a foreign subsidiary is _______________
A. a foreign branch is a local company owned and operated by a foreign company under the laws of the host country.
B. a foreign branch purchases the products to be sold from the parent company at a price.
C. a foreign subsidiary is a local company owned and operated by a foreign company under the laws of the host country.
D. a foreign subsidiary is an extension and a legal part of the firm.
