IBC Chapter 7

IBC Chapter 7

University

15 Qs

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IBC Chapter 7

IBC Chapter 7

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Samantha Liew

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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Governments impose trade barriers for all of the following reasons EXCEPT ________.

to protect national security

to gain influence over other nations

to respond to other nation’s fair trade practices

to protect jobs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a political motive behind government intervention in trade?

Promote a strategic trade policy

Gain influence over other nations

Protect national identity

Protect young industries from competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an economic motive for nations’ attempts to influence international trade?

Pursue strategic trade policy

Protect jobs

Respond to “unfair” trade

Preserve national security

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ believe that government intervention can help companies take advantage of economies of scale and be the first movers in their industries.

Opponents of globalization

New trade theorists

Critics of strategic trade policy

Cultural imperialists

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are methods of restricting trade EXCEPT ________.

tariff

quota

local content requirement

subsidy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A designated geographic region in which merchandise is allowed to pass through with lower custom duties and/or fewer customs procedures is called a(n) ________.

chaebol zone

special subsidy zone

international customs zone

foreign trade zone

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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) ________.

export subsidy

local content requirement

quota

tariff

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