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.
