Ch. 3 concepts

Which U.S. government export assistance program facilitates advocacy to assist U.S. firms competing for major projects and procurements worldwide?

Advocacy center

Which countries are the United States' best trading partners for U.S. exports?

Canada and Mexico

Who supports multilateral development banks (MDB)?

Industrialized nations

A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:

Licensing

What is the main function of the Export-Import Bank of the United States?

To assist in financing the exports of American firms

What is the famous principle of the General Agreement on Tariffs and Trade (GATT), which means that each member nation is to be treated equally by all contracting nations?

Most-favored-nation-status (MFN)

A firm that operates on a worldwide scale without ties to any specific nation or region is known as a:

multinational enterprise

Which of the following U.S. government export assistance programs offers assistance and information to exporters through its domestic and overseas commercial officers?

International trade administration

Which organization or U.S. government export program publishes guides that offer assistance and exporting information to small and medium-sized companies?

Small Business administration

According to the International Monetary Fund (IMF), what are the world economic growth projections?

The IMF predicts a gradual global growth in both advanced and developing countries.

Which of the following agreements, when ratified, created a free trade area among the United States, Mexico, and Canada?

The North American Free Trade Agreement (NAFTA)

Which of the following banks specifically makes short-term loans to developing countries experiencing balance-of-payment deficits?

The international Monetary Fund (IMF)

The organization established by the Uruguay Round of the GATT, whose purpose is to mediate trade disputes among nations is called:

World Trade Organization (WTO)

A bill of lading is defined as:

a document issued by a transport carrier to an exporter to prove that merchandise has been shipped.

Sub-Saharan Africa is home to __________ of the top-ten fastest-growing economies in the world.

seven