What is a balance of trade?

What is a trade deficit?

The country of Baskland relies heavily on goods and services produced in other nations. Baskland likely has which of the following?

Who has the absolute advantage in handicrafts

What country has a comparative advantage in the production of steel

What are not forces that affect strategic choices of international business?

Pressure of cost reduction required...?

Pressures of cost reduction and pressures of local responsiveness place conflicting demands on a firm.

Which type of strategy have strong pressures for cost reductions and demands for local responsiveness are minimal?

Which factors below encourage the company to change the strategy? (multiple answers)

Which company is an example of the international business which follows the Transnational strategy? (multiple answer)

Which is NOT a role of international strategy?

What is NOT true about "Profitability"?

How many steps are there in the process of global strategic planning?

Presence of numerous factors prevailing in the environment that change overtime.

Lack of complete information about the current and future environment of the firm.

Porter's five forces model focuses on the bargaining power

Porter's five forces model focused on threat of a new entrants.

Porter's five forces model focused on rivalry among existing firms

It involves selling locally made products in foreign countries,

It involves pulling of resources among foreign and local coinventors to operate the business.

Form of licensing whereby a company grants another firm the rights to use the former's brand name and operating method

Involves buying foreign -made products and selling them in local markets

Exporting generates ______ foreign-exchange earnings for nations.

It is a step in Systematic Approach to Exporting where They identify qualified intermediaries and other foreign business partners.

It is also known as global procurement, or global purchasing, the strategy of buying products and services from foreign sources and bringing them into the home country or a third country.

It refers to the official forms and other paperwork required in export transactions for shipping and customs procedures

It refer to the payment methods in Import and Export when the exporter uses an open account, the buyer pays the exporter at some future time following receipt of the goods.

It is the birth certificate of the goods being shipped and indicates the country of origin.

It is the procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers.

Which of the following is an example of product and testing standards nontariff barrier?

Free trade ________________

Under the gold standard, when the United States and the United Kingdom exchanged their currencies at a rate of the $20.67/£4.247, the exchange rate was a ___________

From the statement below, which is best describe the importance of size quota in International Monetary Fund (IMF)?

Amazon.com has spent enormous sums developing and maintaining its Web site and building its customer base. Because many of these costs are fixed, the company expands its sales. Moreover, the marginal cost of adding an additional product line to its Web site is relatively small. Accordingly, the company has expanded from books to compact disc to videos to auctions.

From the explanation above, Amazon.com competing in the global marketplace has numerous ways of obtaining a sustainable competitive advantage through ……………..

Between 1821 and 1918, why was the international monetary system also known as the sterling based gold standard?

Which from the list are major components of balance of payment (BOP) accounting system?

i.Errors and Omissions

ii. Portfolio Investment

iii. Official Reserves

iv.Foreign Direct Investment

Country Q is run by a dictator and Country X wants to use a nontariff barrier to discipline Country Q. Which of the following would most likely to implemented by Country X?

Country X has requested and receives a loan from the World Bank. Country X may NOT use the money to finance ___________

The chart above refers to the organization of the World Bank Group. What is the main function of the X corporation above?

……………. was called in 1987 to stabilize the dollar. It shows the changing value of the dollar against the Japanese yen, Euro and Deutsche Mark, 1960-2010.

The International ___________occurred after the flexible exchange rate system of 1973 began, when Arab nations quadrupled the price of oil

______________ focused on the need to reduce the debts of the troubled countries by writing off parts of debt or providing countries with funds to buy back their loan notes at below face value.

_____________ was established by EU members in 1979 to manage currency relationship among themselves

Under pressure to honor guarantees made under the system, allowed its currency to ___________(the pound’s value was determined by the forces of supply and demand)

_____________ that the country with the world’s highest capital per worker has a lower capital/labor ratio in exports than in imports.

……………………… neighbor policy in which nations deliberately devalued their currencies in the hope of making their goods cheaper in the world marketplace

…………… minimal influence from government. E;g Air Asia control its company 90% decision making compared to government 10% interferences.

Occasionally, a central bank will intervene and affect exchange rates leading to the term ……………

……………… is money sent abroad by foreign residents seeking a safe heaven for their assets, hidden from the sticky fingers their home governments.