WorksheetsCh. 3 Quiz 2 - International Trade
Total questions: 10
Worksheet time: 3mins
Having a global vision simply means having a willingness to sell outside one's national borders if, and when, the opportunity arises.
True
False
Internationl trade-oriented jobs have grown 3 times the growth of U.S. - dependent jobs.
True
False
Mines in Africa produce diamonds and gold and sell these to Jewelers in Canada. To African producers, diamonds and gold are an import.
True
False
The exchange rate is the interest rate that foreign banks receive when borrowing money from the United States.
True
False
The tax that the United States imposes on imported carbon steel products is called a tariff.
True
False
Protectionism is part of free trade, some of the time.
True
False
The difference in value between a country's imports and exports is called its balance of trade.
True
False
If resource companies in Canada want to increase their business, they should not sell globally, they should just stay local.
True
False
Well-designed products do not need to be changed to suit different countries or cultures.
True
False
In International licensing, the licensor is the domestic firm that allows the licensee to use its trademark or brand.
True
False
