International Trade and Business Environment

Front

Which of the following is NOT a formal trade barrier? Quota, Barter system, Embargo, Tariff

Back

Barter system

Front

True or False? Infrastructure is a significant factor that affects the economic development of a country.

Back

True

Front

True or False? An informal trade barrier is created by government actions.

Back

False

Front

Religion is an element of the ______ component of the international business environment.

Back

cultural

Front

A country that wishes to enhance international trade activities would most likely use

Back

a common market

Front

Which of the following is a benefit of a free trade agreement? Higher import quotas, More trade embargos, Increased tariffs, Reduced trade barriers

Back

Reduced trade barriers

Front

True or False? Cultural differences can impact international business negotiations.

Back

True

Front

Which factor is NOT typically considered part of a country's infrastructure? Communication networks, Transportation systems, Energy supply

Back

Natural resources

Front

Which of the following tends to discourage international trade? an embargo, a free-trade zone, a free-trade agreement, a common market

Back

an embargo

Front

Which of the following is NOT a barrier to trade? Terrorism, Tariffs, War, Economic integration

Back

Economic integration