INTB test 3

The practice of terrorism contributes to

An unstable environment that is detrimental to business

Some countries impose both an ad valorem duty and a specific duty on a single import. What type of duty are these countries using?

Compound

Trade barriers create costs that are paid ultimately by the

Consumer

Keenan worked in his companies international office in Indonesia for many years. During his time there, political unrest cause many US citizens, like Keenan, to have questions. What do you governments put in place to represent their citizens in situations like this?

Embassies

Keenan worked in his companies international office in Indonesia for many years. During his time there, political unrest caused many US citizens, like Keenan, to have questions. What do governments put in place to represent their citizens like this?

Embassies

Tariffs often are set to

Encourage local input

A corporation would implement a country risk assessment in order to

Estimate the risk to business employees property in

Some producers of goods use transshipping as a way to

Evade allocated quotas

The cost of cyber crime to the perpetrator is

Exceedingly high, so as to be a deterrent

A government nationalize a firm when it shifts the ownership from public to private

False

Fair competition is a strong rationale for trade barriers

False

Only in communist countries do governments own the factors of production

False

Piracy is a form of cybercrime

False

Retaliatory trade restrictions are not made for dumping because price competition is protected by the WTO.

False

The British Prime Minister, David Cameron, let the privatization movement

False

A specific duty is

Fixed sum charge for a specific number of units of the product

A government protects its citizens when they are abroad in what way?

Government embassies can provide information and emergency assistance, monitor and where appropriate, make protests.

A variable levy exists when a country

Guarantees that the market price of an import will be the same as that of domestically produce goods

One motivation for government privatization is to

Have the business run more efficiently

Agricultural trade restrictions are typically found

In most countries

The main goal of tariffs is to

Increase the selling price of imported goods thereby reducing competition for domestic producers

A government that makes radical changes to existing policies is demonstrating

Instability

How has the United States responded to the activity of dumping?

It became the first country to prohibit dumping into its own market in 1916.

Henson Electronic's Corp Decided to lower it's export price in order to force the domestic producers in the importing

Predatory dumping

Until just a few years ago, do United States levied a $.54 a gallon import duty on foreign produced ethanol. Which of the reasons for restricting trade does this represent?

Protect an infant industry

Tariff barriers maybe used to

Protect domestic industry from foreign, lower cost producers.

The primary reason tariffs are put in place is to

Raise the price of imports, to protect domestic good

An argument against using sanctions to punish and offending nation is that

Sanction sell them achieve their goal of forcing change in the offending country.

When governments nationalize a firm, they don't speak to

Sell the firm to foreign investors

Dumping is defined as

Selling a product abroad for less than its production cost or cost in the home market

The national defense argument for trade restrictions suggests that

Some industries, even if they are not competitive, may need protection from imports

Peterson soft drink Corp. Imports flavors for use in its products. The company pays $.86 per pound on every shipment. which type of tariff does the company pay

Specific

The food and drug administration in the United States works to protect citizens from harmful products and companies must meet the regulation it sets. Which classification of non-quantitative nontariff barrier does this represent?

Standards

The national defense argument for trade restrictions has been used in the United States by the Trump administration for imposing tariffs on

Steel

An example of retaliatory trade restrictions is

The US response to the EU ban of hormone treated beef

Examples of expropriation without compensation involved the following governments

The United States confiscated Iranian property in the United States and Cuba

Nationalization and privatization are implemented by

The government

Country risks are often political in include wars and coups.

True

Policy continuity and government stability are more important to a business than the type of political system

True

Recently, many governments, including the US government have contracted out certain services to private companies

True

U.S. ocean shipping companies are benefiting from U.S. government subsidies.

True

Unfair international competition for company can be minimized through that an action of national laws

True

When the U.S. military contracts out security details in war zones, it is engaged in privatization.

True

When the US military contracts out security details in war zones, it engages in privatization

True

The practice of terrorism contributes to

Unstable environment that is detrimental to business

Examples of orderly marketing arrangements are

Voluntary export restraints

One of the problems associated with "cheap foreign labor" argument for restricting trade is that

We just don't account for all production costs

One reason a government chooses to restrict trade would be to

protect domestic infant industries

Express kidnapping targets

Not Home country

Government motivation for restricting trade includes

Not a desire for isolation

Do U.S. government assign specific amounts of sugar imports that can come from 40 nations. What type of quota does this represent?

Not absolute

Japan restricts the number of automobiles it's manufacturers can export to the United States each year. What is this an example of?

Not absolute quota

Timmerson Corp. was frustrated to learn that it would have to pay the same import duty on shipments worth $100 as it did for shipments costing $2000. What does that government have in place that creates this situation for Timmerson Corp.

Not an ad val

Governments provide stability by

Not fostering

The most common form of direct government participation in trade is

Not import duties

What is the role of the home country and risk assessment

Not it is used initially

How does a variable levy affect domestic producers?

Not it raises the cost

Agriculture trade restrictions are typically found

Not only in centralized

When a government transfers the assets of a company from the public sector to the private sector, it is an example of

Not private I still

Among the cyber crimes that most often target businesses are

Not prospect

A country that can sell it's products at a lower cost because it has lower standards for admissions for manufacturing facilities is making use of

Not subsidy dumping

Social dumping occurs when exporting producers

Not take knowing

Social dumping occurs when an export and country

Not targets market

Unlike quotas, voluntary export restraints (VERs) are imposed by

Not the importing country

Country risk assessment is a measure of the

Not threat of nationalize

Tariffs on some products no longer serve their original purpose of protecting domestic producers but they are still levied by the government. What are these types of tariffs called

Nuisance

Countervailing duties are put in place to

Offset the effects of a subsidy

Government stability has to do with

Policies that are permanent or change gradually

How do you barriers to trade affect the citizens of a country

They cost consumers billions of dollars per year

The government of some countries may decide they want to extract more money from businesses. What measure might they take to achieve this?

They were nationalize businesses

The government of some countries may decide they want to extract more money from businesses. What measure might they take to achieve this?

They would nationalize businesses

Businesses that conduct country risk assessment do so

To protect their assets, including people and property.