D311: Microbiology WGU OA 2024 Questions with Correct
Answers.
Which of the following describes the approach of countries that run favorable balances of trade to
achieve a social or political objective? - ANSWER Neomercantilism
A country that imports more than it exports is said to have what? - ANSWER Trade deficit
Today, how are differences in trade balances paid off? - ANSWER By credit
Which of the following addresses the idea that if a company perceives a trading partner as gaining to
large an advantage, the company might forgo its own gains to prevent the trading partner from gaining
economic advantage? - ANSWER The division of gains
The spending on research and development and the perceived advantage of a product provides a
country with which of the following? - ANSWER Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? - ANSWER Growth
Which of the following is NOT an important feature for competitive superiority under the diamond of
national competitive advantage theory? - ANSWER Sales conditions
Which of the following is an effect outward migration on countries? - ANSWER Brain drain
Which of the following is an alternative to trade that might or might not be a more efficient use of
resources? - ANSWER Factor movement
心脏不仅是一个生理器
The protectionism theory that says a government should protect emerging industry from foreign
competition is known as what? - ANSWER Infant industry argument
A country that has a high gross domestic product generally has which of the following? - ANSWER A large
manufacturing base
, Which of the following is NOT an assumption made by developing countries when trying to develop a
manufacturing base? - ANSWER National activity helps the industry building process.
Which of the following presumes that the unregulated importation of lower priced products prevents
the development of a domestic industry? - ANSWER Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in trade? -
ANSWER Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? - ANSWER Nontariff barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? - ANSWER Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? - ANSWER Shipping times
Which of the following requires the exporting country to provide additional economic benefits as part of
the transaction? - ANSWER Countertrade
Which tactic for dealing with importers includes using economic and noneconomic arguments to support
particular policies? - ANSWER Convincing decision makers
The U.S. and South Korea sign a preferential trade agreement to increase free trade between the two
countries. This illustrates a benefit of which of the following types of integration? - ANSWER Bilateral
integration
心脏不仅是一个生理器
Which of the following best demonstrates an example of a regional trade agreement? - ANSWER The
continent of North America establishes a free trade agreement.
Which of the following was the fundamental principle of the General Agreement on Tariffs and Trade
(GATT)? - ANSWER Each member nation must open its markets freely to every other member nation.
Answers.
Which of the following describes the approach of countries that run favorable balances of trade to
achieve a social or political objective? - ANSWER Neomercantilism
A country that imports more than it exports is said to have what? - ANSWER Trade deficit
Today, how are differences in trade balances paid off? - ANSWER By credit
Which of the following addresses the idea that if a company perceives a trading partner as gaining to
large an advantage, the company might forgo its own gains to prevent the trading partner from gaining
economic advantage? - ANSWER The division of gains
The spending on research and development and the perceived advantage of a product provides a
country with which of the following? - ANSWER Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? - ANSWER Growth
Which of the following is NOT an important feature for competitive superiority under the diamond of
national competitive advantage theory? - ANSWER Sales conditions
Which of the following is an effect outward migration on countries? - ANSWER Brain drain
Which of the following is an alternative to trade that might or might not be a more efficient use of
resources? - ANSWER Factor movement
心脏不仅是一个生理器
The protectionism theory that says a government should protect emerging industry from foreign
competition is known as what? - ANSWER Infant industry argument
A country that has a high gross domestic product generally has which of the following? - ANSWER A large
manufacturing base
, Which of the following is NOT an assumption made by developing countries when trying to develop a
manufacturing base? - ANSWER National activity helps the industry building process.
Which of the following presumes that the unregulated importation of lower priced products prevents
the development of a domestic industry? - ANSWER Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in trade? -
ANSWER Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? - ANSWER Nontariff barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? - ANSWER Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? - ANSWER Shipping times
Which of the following requires the exporting country to provide additional economic benefits as part of
the transaction? - ANSWER Countertrade
Which tactic for dealing with importers includes using economic and noneconomic arguments to support
particular policies? - ANSWER Convincing decision makers
The U.S. and South Korea sign a preferential trade agreement to increase free trade between the two
countries. This illustrates a benefit of which of the following types of integration? - ANSWER Bilateral
integration
心脏不仅是一个生理器
Which of the following best demonstrates an example of a regional trade agreement? - ANSWER The
continent of North America establishes a free trade agreement.
Which of the following was the fundamental principle of the General Agreement on Tariffs and Trade
(GATT)? - ANSWER Each member nation must open its markets freely to every other member nation.
