BM Chapter 9 Review

Have trade patterns on an international level shifted from services to goods?

• True

• False

Is buying goods and services made in other countries called importing?

• True

• False

Do Americans export goods from France when they buy French perfume?

• True

• False

Is a company headquarters that owns or controls production or service facilities in more than one country a subsidiary?

• True

• False

Are most of the world's smallest corporations multinationals?

• True

• False

Is one reason for imposing tariffs to earn revenue for the country?

• True

• False

Does dumping lower the price of goods sold in a foreign market?

• True

• False

Do quotas limit the number of goods permitted to enter a country?

• True

• False

Do tariffs raise the price of foreign products?

• True

• False

Do nontariff barriers increase the number of imports that enter a country?

• True

• False