A voluntary export control is most likely used to

A voluntary export control is most likely used to A. punish political enemies B. appeal to domestic politicians C. avoid trade conflicts with friendly...

Country X imposes a low tariff rate for the first 5,000 pounds of rice it imports from Japan and a high tariff rate on all imported rice above this threshold. Country X most likely uses a ____.

Country X imposes a low tariff rate for the first 5,000 pounds of rice it imports from Japan and a high tariff rate on all imported rice above this...

In most cases, tariffs are imposed for the purpose of

In most cases, tariffs are imposed for the purpose of A. increasing national government revenue B. complying with trade regulations C. increasing...

Most critics of unfair trade practice laws are concerned that such laws _____.

Most critics of unfair trade practice laws are concerned that such laws _____. A. promote globalization B. encourage mercantilism C. fail to protect...

____ can occur when a firm sells its goods in a foreign market at a price below what it charges in its home market.

____ can occur when a firm sells its goods in a foreign market at a price below what it charges in its home market. A. Predatory pricing B. International...

Which agency initially investigates complaints about unfair trade practices in the US?

Which agency initially investigates complaints about unfair trade practices in the US? A. Overseas Private Investment Corporation B. Federal Trade...

A(n) _____ is calculated to offset the advantage an exporter receives from a subsidy.

A(n) _____ is calculated to offset the advantage an exporter receives from a subsidy. A. compound tariff B. export promotion C. countervailing duty D....

A ____ refers to any factory located in an FTZ in Mexico.

A ____ refers to any factory located in an FTZ in Mexico. A. maquiladora B. greenfield operation C. keiretsu D. chaebol Answer: ...

A foreign trade zone is primarily used by governments to ______.

A foreign trade zone is primarily used by governments to ______. A. protect currency rates B. enforce tariffs and duties C. monitor foreign investments D....

A(n) _____ is a geographic area where imported or exported goods receive preferential tariff treatment.

A(n) _____ is a geographic area where imported or exported goods receive preferential tariff treatment. A. free trade zone B. foreign trade zone C....

Which of the following would be least likely to be used as a subsidy to entice firms to locate or expand facilities in a particular community?

Which of the following would be least likely to be used as a subsidy to entice firms to locate or expand facilities in a particular community? A....

Country X wants to stimulate exports. Which of the following would most likely help Country X achieve this goal?

Country X wants to stimulate exports. Which of the following would most likely help Country X achieve this goal? A. subsidies B. currency controls C....

Which of the following industries would LEAST likely be subjected to investment controls?

Which of the following industries would LEAST likely be subjected to investment controls? A. broadcasting B. farming C. utilities D. financial services Answer:...

_____ is/are common in key industries like broadcasting, utilities, air transpiration, defense contracting, and financial services.

_____ is/are common in key industries like broadcasting, utilities, air transpiration, defense contracting, and financial services. A. Restricted...

____ make it more difficult for importers of nonessential goods to acquire foreign exchange.

____ make it more difficult for importers of nonessential goods to acquire foreign exchange. A. Currency controls B. Restricted access to distribution...

Which of the following is NOT an example of regulatory controls as a form of non tariff barrier?

Which of the following is NOT an example of regulatory controls as a form of non tariff barrier? A. Country A conducts safety inspections of all imported...

France's requirement that during prime time at least 40% of songs on 1700 AM and Fm stations must be written or sung by French or Francophone artists is an example of which type of non tariff barrier?

France's requirement that during prime time at least 40% of songs on 1700 AM and Fm stations must be written or sung by French or Francophone artists...

Which of the following is an example of regulatory control non tariff barrier?

Which of the following is an example of regulatory control non tariff barrier? A. Malaysia's requirement that during prime time at least 40% of songs...

An example of a public-sector procurement policy non tariff barrier is the _____.

An example of a public-sector procurement policy non tariff barrier is the _____. A. ATM restrictions in Thailand B. "Buy American" policy in the...

Which of the following is an example of a nontariff barrier that restricts access to distribution networks?

Which of the following is an example of a nontariff barrier that restricts access to distribution networks? A. Malaysia's requirement that during...

Which of the following is an example of a product and testing standards nontariff barrier?

Which of the following is an example of a product and testing standards nontariff barrier? A. Malaysia's requirement that during prime time at least...

Public-sector procurement policies are common in Country X. Which of the following is the most likely characteristic of Country X?

Public-sector procurement policies are common in Country X. Which of the following is the most likely characteristic of Country X? A. extensive state...

During the Clinton administration, which industry did NOT receive federal research and development support?

During the Clinton administration, which industry did NOT receive federal research and development support? A. genetics B. agriculture C. highway...

Thailand's policy whereby foreign banks can operate only three branches and only one of these can be in the city of Bangkok is an example of which type of non tariff barrier?

Thailand's policy whereby foreign banks can operate only three branches and only one of these can be in the city of Bangkok is an example of which type...

The federal government policy that international air travel purchased with US government funds must occur on US airlines is an example of which type of nontariff barrier?

The federal government policy that international air travel purchased with US government funds must occur on US airlines is an example of which type...

Local purchase requirements, investment controls, and product and testing standards are all forms of _____.

Local purchase requirements, investment controls, and product and testing standards are all forms of _____. A. numerical export controls B. voluntary...

Country Q is run by a dictator, and Country X wants to use a nontariff barrier to discipline Country Q. Which of the following would most likely be implemented by country X?

Country Q is run by a dictator, and Country X wants to use a nontariff barrier to discipline Country Q. Which of the following would most likely be...

A(n) _____ is an absolute ban on the exporting and importing of goods to a particular destination.

A(n) _____ is an absolute ban on the exporting and importing of goods to a particular destination. A. voluntary export restraint B. embargo C. ad...

A(n)____ is a promise by a country to limit its export of a good to another country to a pre-specified amount of percentage of the affected market.

A(n)____ is a promise by a country to limit its export of a good to another country to a pre-specified amount of percentage of the affected market. A....

The US government has decided to impose a tariff rate quota on sugar imports into the US. Which of the following would NOT benefit from this decision?

The US government has decided to impose a tariff rate quota on sugar imports into the US. Which of the following would NOT benefit from this decision? A....

The US government has decided to impose a tariff rate quota on sugar imports into the US. Which of the following would benefit the most from this decision?

The US government has decided to impose a tariff rate quota on sugar imports into the US. Which of the following would benefit the most from this decision? A....

A(n) _____ imposes a low tariff rate on a limited amount of imports of specified good but imposes a prohibitively high tariff on the good above that limited amount.

A(n) _____ imposes a low tariff rate on a limited amount of imports of specified good but imposes a prohibitively high tariff on the good above that...

As a result of trade agreements, many countries have replaced quotas with ____.

As a result of trade agreements, many countries have replaced quotas with ____. A. tariff rate quotas B. numerical export controls C. voluntary export...

A _____ is a numerical limit on the quantity of a good that may be imported into a country during some time period.

A _____ is a numerical limit on the quantity of a good that may be imported into a country during some time period. A. quota B. numerical export...

Country X protects its domestic manufacturers from foreign competition by using a variety of nontariff barriers. Which of the following is NOT one of those nontariff barriers?

Country X protects its domestic manufacturers from foreign competition by using a variety of nontariff barriers. Which of the following is NOT one of...

Any government regulation, policy, or procedure other than a tariff that has the effect of impeding international trade may be labeled a(n) _____.

Any government regulation, policy, or procedure other than a tariff that has the effect of impeding international trade may be labeled a(n) _____. A....

Famous Footwear imports a variety of athletic shoes, work boots, and casual footwear from around the world. Which of the following would most likely provide Famous Footwear with a detailed classification scheme for its imported shoes?

Famous Footwear imports a variety of athletic shoes, work boots, and casual footwear from around the world. Which of the following would most likely...

Most tariffs imposed by developed countries are

Most tariffs imposed by developed countries are A. transit tariff B. ad valorem tariffs C. specific tariff D. compound tariff Answer: ...

Which of the following tariffs is not an import tariff?

Which of the following tariffs is not an import tariff? A. transit tariff B. ad valorem C. specific tariff D. compound tariff Answer: ...

What type of tariff includes both ad valorem components and specific components?

What type of tariff includes both ad valorem components and specific components? A. transit tariff B. harmonized tariff C. export tariff D. compound...

What type of tariff is assessed as a specific dollar amount per unit of weight or other standard measures?

What type of tariff is assessed as a specific dollar amount per unit of weight or other standard measures? A. ad valorem B. specific tariff C. export...

Products manufactured in Brazil are transported through Mexico on their way to England. Mexico applies a tariff on the goods. What type of tariff is implemented by Mexico?

Products manufactured in Brazil are transported through Mexico on their way to England. Mexico applies a tariff on the goods. What type of tariff is...

Country X applies a tariff on goods as they leave the country. Country X most likely imposes a(n)_____.

Country X applies a tariff on goods as they leave the country. Country X most likely imposes a(n)_____. A. transit tariff B. ad valorem C. specific...

What type of tariff is assessed as a percentage of the market value of the imported good?

What type of tariff is assessed as a percentage of the market value of the imported good? A. transit tariff B. ad valorem C. specific tariff D....

A(n)______ is a tax placed on a good that is traded internationally.

A(n)______ is a tax placed on a good that is traded internationally. A. tariff B. quota C. par value D. import substitute Answer: ...

According to the text, Toyota built production facilities in multiple states across the US in order to _____.

According to the text, Toyota built production facilities in multiple states across the US in order to _____. A. benefit from various resources B....

According to public choice analysis, domestic trade policies that affect international business have a tendency to develop from

According to public choice analysis, domestic trade policies that affect international business have a tendency to develop from A. political goals B....

_____ suggests that special interest groups will often dominate the general interest on any given issue because these groups are willing to work for the passage of laws.

_____ suggests that special interest groups will often dominate the general interest on any given issue because these groups are willing to work for...

What Japanese organization is entrusted with setting industrial policy?

What Japanese organization is entrusted with setting industrial policy? A. Ministry of International Trade and Industry B. Industrial Policy Ministry C....

Which country listed below followed industrial policy to achieve economic success?

Which country listed below followed industrial policy to achieve economic success? A. Japan B. The US C. Canada D. Germany Answer: ...

The government of Country X actively manages the national economy by providing subsidies to aerospace firms and automobile manufacturers. Country X most likely engages in

The government of Country X actively manages the national economy by providing subsidies to aerospace firms and automobile manufacturers. Country X...

Which country did not adopt an import substitution strategy after World War I?

Which country did not adopt an import substitution strategy after World War I? A. Australia B. Japan C. India D. Brazil Answer: ...

Which country did not adopt an export promotion strategy after World War II?

Which country did not adopt an export promotion strategy after World War II? A. Japan B. Brazil C. Taiwan D. China Answer: ...

_____ encourages the growth of domestic manufacturing industries by erecting high barriers to imported goods.

_____ encourages the growth of domestic manufacturing industries by erecting high barriers to imported goods. A. Strategic trade theory B. Export...

The government of Country X is encouraging the growth of domestic manufacturing by implementing high barriers to imported goods. Country X is most likely following a strategy of ______.

The government of Country X is encouraging the growth of domestic manufacturing by implementing high barriers to imported goods. Country X is most likely...

____ suggests that a country should encourage firms to compete in foreign markets by harnessing some advantage the country possesses.

____ suggests that a country should encourage firms to compete in foreign markets by harnessing some advantage the country possesses. A. Strategic...

Which theory specifically addresses the needs of individual industries?

Which theory specifically addresses the needs of individual industries? A. strategic trade theory B. economic development programs C. industrial...

Strategic trade theory applies best to which industry identified below?

Strategic trade theory applies best to which industry identified below? A. air transportation B. commercial aircraft construction C. farming D. automobile...

Which theory best applies to those industries capable of supporting only a few firms worldwide?

Which theory best applies to those industries capable of supporting only a few firms worldwide? A. national defense argument B. industrial policy C....

Which country has been particularly successful at nurturing domestic industries through government intervention?

Which country has been particularly successful at nurturing domestic industries through government intervention? A. China B. India C. Germany D....

____ suggests that a national government can make its country better off if it adopts trade policies that improve the competitiveness of its domestic firms in oligopolistic industries.

____ suggests that a national government can make its country better off if it adopts trade policies that improve the competitiveness of its domestic...

For five years, Harley-Davidson received tariff protection from Japanese imports to allow the motorcycle firm the opportunity to improve its operations and gain market share. This is an example of _____.

For five years, Harley-Davidson received tariff protection from Japanese imports to allow the motorcycle firm the opportunity to improve its operations...

For which industry did Alexander Hamilton propose the infant industry argument?

For which industry did Alexander Hamilton propose the infant industry argument? A. manufacturing B. electronics C. merchant marine D. farming Answer:...

Which of the following statements most likely supports the infant industry argument?

Which of the following statements most likely supports the infant industry argument? A. Total unit costs decrease through economies of scale and...

The _____ proposes that tariffs be imposed on imported manufactured goods to give US firms temporary protection from foreign competition until they can fully establish themselves.

The _____ proposes that tariffs be imposed on imported manufactured goods to give US firms temporary protection from foreign competition until they...

The ____ holds that a country must be self-sufficient in critical raw materials, machinery, and technology or it will be vulnerable to foreign threats.

The ____ holds that a country must be self-sufficient in critical raw materials, machinery, and technology or it will be vulnerable to foreign threats. A....

Which of the following is not a common argument for government intervention in international trade?

Which of the following is not a common argument for government intervention in international trade? A. the infant industry argument B. the national...

Which US industry does not receive favorable treatment for national defense reasons?

Which US industry does not receive favorable treatment for national defense reasons? A. farming B. electronics C. machine tools D. merchant marine...

Which of the following groups would not encourage a government to adopt fair trade policies?

Which of the following groups would not encourage a government to adopt fair trade policies? A. domestic labor forces B. communities where factories...

The "level playing field" argument is primarily used to justify government policies that _____.

The "level playing field" argument is primarily used to justify government policies that _____. A. reduce import tariffs B. restrict foreign competition C....

If two congressional candidates support fair trade, you can assume that they both support _____.

If two congressional candidates support fair trade, you can assume that they both support _____. A. providing export subsidies and tax breaks to...

Free trade ______.

Free trade ______. A. is another term for managed trade B. implies that the national government exerts minimal influence on the exporting and importing...

____ implies that the national government exerts minimal influence on the exporting and importing decisions of private firms and individuals.

____ implies that the national government exerts minimal influence on the exporting and importing decisions of private firms and individuals. A. Fair...

The EU believes that Boeing has benefited from unfair trade practices because

The EU believes that Boeing has benefited from unfair trade practices because A. Boeing had developed new technologies through US Defense Department...

Boeing accused Airbus of violating international trade laws because _____.

Boeing accused Airbus of violating international trade laws because _____. A. Airbus' fleet gives it a significant advantage in the small and large...