International Towne Post

Countries commonly engage in international trade with how many other nations?

• 1

• 5

• 15

• As many as it takes to meet the needs of that country.

Tariffs are used in international trade between countries to ___________________________.

• Protect domestic producers from foreign competition

• Provide income from the import of goods and services

• Control the amount of goods and service flowing into the country

• All of the above

Cultural differences can create challenges in international buisness, but advertising slogans such as McDonald's "I'm lovin' it" and "Come Alive With the Pepsi Generation" are successful across the globe.

• True

• False

In many countries, currency comes in different colors and different sizes.

• True

• False

Which of the following is a potential problem with purchasing something with credit?

• They keep a record of your expenses, helping you to monitor your financial activities.

• They can help build your credit history.

• Some consumers feel compelled to spend more money than they have.

• You can use them practially everywhere, especially overseas.

Which of the following might be considered as a natural resource?

• Automobiles

• Oil

• Shopping Centers

• Computers

It is as important to understand the cultural and ethnic variations in behavior, customs, and manners, as it is to learn another country's language, especially when traveling and doing buisness globally.

• True

• False

What does it mean if the U.S. Dollar is said to be 'strong' compared to the Japanese Yen?

• The paper used to make the U.S. Dollar is less likely to tear than the paper used to make the Japanese Yen.

• Items purchased in the U.S. with Japanese Yen will be less expensive.

• Items purchased in Japan with U.S. Dollars will be less expensive.

• Items purchased in Japan with U.S. Dollars will be more expensive.

A U.S. driver's license is all the identification that is necessary for Americans to travel internationally.

• True

• False

Very few countries of the world have adequate natural resources to meet the needs of their people.

• True

• False