Question

1.) One way to characterize the nature of a government is by its __________________. Select one: a. business ideology b. social ideology c. ethnic ideology d. regional ideology e. political ideology

2.) The ultimate government involvement in trade is when the government Select one: a. itself is the customer b. gives tax breaks to businesses c. prevents competition d. controls the foreign competition with tariffs e. allows domestic businesses to bribe in foreign countries so they can remain competitive

3.) To reduce the risk of expropriation or confiscation of company assets overseas, many companies use __________________ with local companies. Select one: a. joint ventures b. licensing c. none of the above d. contract manufacturing e. strategic alliances

4.) The government in each country determines which industries will receive Select one: a. monopolies b. special protection from the armed services c. benefits d. penalties e. protection in the country and which will face open competition.

5.)__________________ involve(s) trading of products without involving direct monetary payments. Select one: a. Contract manufacturing b. Countertrade c. Strategic alliances d. Joint ventures e. Outsourcing

6.)The __________________ encourages firms to join forces to improve their export performance by exempting them from antitrust laws. This act was patterned after similar legislation in Japan and Germany. Select one: a. Clayton Act b. Export Trading Company Act c. Sherman Act d. Foreign Corrupt Practices Act e. Federal Trade Commission Act

7.)A country that follows common law as its primary system is Select one: a. the United States b. Egypt c. France d. Iraq e. Mexico

8.)______________________ are country-based political trade controls. Select one: a. Embargoes and sanctions b. Nontariff barriers c. Taxing imports d. Tariffs e. Taxing exports

9.)Trade laws that harm other countries are likely to invoke _______________. Select one: a. retaliation b. domestication attempts c. United Nations sanction d. covert action e. war

10.)Governments often decide to block trade. All of the following are reasons EXCEPT Select one: a. to protect the stock market b. national security c. none of the above d. to develop new industry e. to protect declining industries

Answer 1

The correct options are:

1 (a). business ideology

3 (a). itself is the customer

3 (a). joint ventures

4 (e). protection in the country and which will face open competition.

5 (b). Countertrade

6 (b). Export Trading Company Act

7 (a). the United States

8 (a). Embargoes and sanctions

9 (a). retaliation

10 (a). to protect the stock market