Globalization- Chapter 6, 7, 8

Globalization- Chapter 6, 7, 8

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Globalization- Chapter 6, 7, 8

Globalization- Chapter 6, 7, 8

Assessment

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Business

University

Practice Problem

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Created by

Sylvia Findlay

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Usually when a tariff is applied by a government to protect their domestic industry it has the consequence of:

raising the cost of imported products.

raising the cost of exported products

lowering the cost of imported products.

lowering the cost of exported products.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A subsidy is a government payment made:

to a domestic importer

to a domestic producer

to a foreign exporter

to a foreign producer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When governments intervene in international trade they often are trying to:

restrict the intervention of goods

restrict the imports of services

adopt policies that promote exports

protect domestic producers and jobs from foreign competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ occurs when a firm invests directly in facilities to produce and/or market a product in a foreign country.

Exporting

Importing

Foreign direct investment

Fixed capital formation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _______ refers to the total accumulated value of foreign-owned assets at a given time.

flow of FDI

outflow of FDI

stock of FDI

inflow of FDI

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The__________________ is that FDI has both benefits and costs.

radical view

free market view

pragmatic nationalist view

economist view

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This trade agreement involves Canada, USA and Mexico.

CAFTA

CUSMA

MERCOSUR

CARICOM

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