BUSINESS

Question 12

1 / 1 pts

A U.S. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. For the United States, this is an example of a(n) ________ of international trade.

 

Question 13

1 / 1 pts

U.S. farmers export canned sweet corn to Germany, which lowers the price to a German consumer by a few cents. The benefits to Germany of this international trade deal are ________.

 

Question 14

1 / 1 pts

If the nation of Epsilon places a tax on all grapes imported from the nation of Zeta, Epsilon has imposed a(n) ________.

 

 

Question 15

1 / 1 pts

As a result of their influence on the quantity, variety, and quality of products, trade barriers ________ domestic consumers.

 

Question 16

1 / 1 pts

The country of Theta restricts the activities of foreign insurance companies in order to give Theta’s insurance industry a chance to grow and develop. Theta’s actions are an example of the ________ argument in favor of protectionism.

 

Question 17

1 / 1 pts

The cheap foreign labor argument for protectionism refers to ________.

 

Question 18

1 / 1 pts

The oldest and largest free trade area in the world is ________.

 

Question 19

1 / 1 pts

With a global strategy for conducting business internationally, a company competes ________.

 

Question 20

1 / 1 pts

Disadvantages of ________ include losing control over a company because compromise with the partner is inevitable and the risk of losing proprietary technology in the event of dissolution of the partnership.

 

Question 21

1 / 1 pts

Cooperative arrangements between actual or potential competitors in which each partner retains its business independence are known as ________.

 

 

Question 22

1 / 1 pts

The ratio at which Australian dollars are converted into Indonesian rupiah is known as the ________ rate.

 

Question 23

1 / 1 pts

U.S. exporters prefer a(n) ________ dollar.

 

Question 24

1 / 1 pts

What is a valid explanation as to why some nations retain nonconvertible currency?

 

Question 25

1 / 1 pts

What is the opposite of nonconvertible currency?

 

 

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