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Which of the following describes the approach of countries that run favorable balances of trade
to achieve a social or political objective? correct answers Neomercantilism
A country that imports more than it exports is said to have what? correct answers Trade deficit
Today, how are differences in trade balances paid off? correct answers 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? correct answers 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? correct answers Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? correct answers
Growth
Which of the following is NOT an important feature for competitive superiority under the
diamond of national competitive advantage theory? correct answers Sales conditions
Which of the following is an effect outward migration on countries? correct answers Brain drain
Which of the following is an alternative to trade that might or might not be a more efficient use
of resources? correct answers Factor movement
The protectionism theory that says a government should protect emerging industry from foreign
competition is known as what? correct answers Infant industry argument
, A country that has a high gross domestic product generally has which of the following? correct
answers A large manufacturing base
Which of the following is NOT an assumption made by developing countries when trying to
develop a manufacturing base? correct answers 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? correct answers Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in
trade? correct answers Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? correct answers Nontariff
barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? correct answers Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? correct answers Shipping times
Which of the following requires the exporting country to provide additional economic benefits as
part of the transaction? correct answers Countertrade
Which tactic for dealing with importers includes using economic and noneconomic arguments to
support particular policies? correct answers 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? correct
answers Bilateral integration
Which of the following describes the approach of countries that run favorable balances of trade
to achieve a social or political objective? correct answers Neomercantilism
A country that imports more than it exports is said to have what? correct answers Trade deficit
Today, how are differences in trade balances paid off? correct answers 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? correct answers 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? correct answers Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? correct answers
Growth
Which of the following is NOT an important feature for competitive superiority under the
diamond of national competitive advantage theory? correct answers Sales conditions
Which of the following is an effect outward migration on countries? correct answers Brain drain
Which of the following is an alternative to trade that might or might not be a more efficient use
of resources? correct answers Factor movement
The protectionism theory that says a government should protect emerging industry from foreign
competition is known as what? correct answers Infant industry argument
, A country that has a high gross domestic product generally has which of the following? correct
answers A large manufacturing base
Which of the following is NOT an assumption made by developing countries when trying to
develop a manufacturing base? correct answers 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? correct answers Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in
trade? correct answers Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? correct answers Nontariff
barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? correct answers Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? correct answers Shipping times
Which of the following requires the exporting country to provide additional economic benefits as
part of the transaction? correct answers Countertrade
Which tactic for dealing with importers includes using economic and noneconomic arguments to
support particular policies? correct answers 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? correct
answers Bilateral integration
