Quiz 4 Chapter 4 "International Business"
How many times should you decline a gift in China?
3 times
Complete the following sentence. Tariffs, as they relate to global trade, are:
Taxes on imports
The theory of competitive advantage can best be explained as suggesting that:
Businesses create high-quality goods to sell at high prices in the market
Assuming the US is efficient in growing corn and therefore sells it to other countries. We call this:
Exporting
The reasoning behind the creation of the Euro can best be explained as a means to:
Integrate the European countries
If a country has a trade deficit, what will occur?
Imports will exceed exports
Which of the following would constitute as a technological barrier to trade?
Product standards
What color is not associated with death in Chinese culture?
Red
All workers benefit from international trade because:
They have more options as consumers
Suppose you, as an American company, started a phone business in India. Which of the following cultural barriers might you face?
All of these answers
Tariffs are often viewed by economists to be bad for overall welfare because:
All of these answers
The World bank incorporates which of these studies in fighting poverty of developing countries?
All of these answers
Bribes are illegal in China
True