INTL business ch 6
A restriction on the amount of a good that can enter or leave a country during a certain period of time is called a(n) ________.
quota
One of the main goals of the World Trade Organization is to ________.
settle trade disputes among its members
Scenario: Not-So-Free Freeland Freeland is a semi-closed economy whose government believes in protecting national identity and building a self-sustained economy. The government's priority is to protect local jobs and provide opportunities to Freeland's emerging industries to flourish without the threat of external competition. Freeland's efforts to provide opportunities to its emerging industries is an example of its ________.
...
Which of the following is an example of a political motive behind government intervention in trade?
Gain influence over other nations.
In which of the following ways did the Uruguay Round of Negotiations modify the original General Agreement on Tariffs and Trade (GATT) treaty?
It helped standardize intellectual property rules around the world.
Which of the following statements is true about cultural influences?
Unwanted cultural influence in a nation can cause governments to block imports that it believes are harmful.
A requirement that WTO members extend the same favorable terms of trade to all members that they extend to any single member.
Normal Trade Relations
Tariff-quotas are used extensively in the trade of ________.
agricultural products
A common purpose of many companies' facilities in foreign trade zones is ____.
final product assembly
The purpose of ________ is to force companies from other nations to use local resources in their production processes, particularly labor.
local content requirements
