IB 300 Test questions well answered
and graded 100%
The reasons a government may nationalize a firm include - ANS✅✅All of the above
Nationalization and Privatization are - ANS✅✅Opposing trends
Government protection of economic activities is - ANS✅✅A historical function of government
Government stability is a characteristic of a government that - ANS✅✅Maintains predictability in
fiscal, monetary, and political issues
International business can be a powerful political force, in part because - ANS✅✅About half the
world's 100 largest economic units are firms
The national defense argument for trade restrictions has been used in the United States to argue for
restriction on imports of - ANS✅✅Shoes
An argument against the protection of an infant industry is that - ANS✅✅There can be high costs
from subsidizing infant industries
An argument against using trade restrictions to punish an offending nation is that -
ANS✅✅Sanctions seldom achieve their goal of forcing change in the offending country
An argument against the protection of an infant industry is that - ANS✅✅There can be high costs
from subsidizing infant industries
Arguments for trade restrictions include - ANS✅✅All of the above
Social dumping occurs when an exporting country - ANS✅✅Creates unfair competition based on
lower costs, which undermines social support systems to the worker
, The existence of the rule of law in a foreign market suggests that - ANS✅✅Foreign investors can
assume that their interests will be protected
Laws governing transactions of individuals and companies that cross international borders are -
ANS✅✅Private international law
The main sources of international law is - ANS✅✅Bilateral and multilateral treaties, along with
customary law
Extraterritoriality is - ANS✅✅A nation's attempt to enforce its law beyond its borders
The Alien Tort Statutes allows foreigners to - ANS✅✅File claims in U.S. courts for violations of
international law that may have occurred beyond U.S.
Where litigation in international disputes should occur is - ANS✅✅Often complex, so contracts
should include choice-of-law and choice-of-forum clauses
Arbitration is often preferred because it is - ANS✅✅None of the above
Incoterms attempt to standardize shipping agreements, and they include - ANS✅✅Descriptions of
port side processes
Usually, it is reasonable to assume that foreign law - ANS✅✅Will differ from U.S. law and must be
understood
Historically, gold has been used as a way for people to store value because of its - ANS✅✅Purity
and Scarcity
Bretton Woods led to an exchange rate agreement known as Bretton Woods system or -
ANS✅✅The gold exchange standard
Financial forces such as inflation and taxation are considered uncontrollable because -
ANS✅✅They are external forces beyond the influence of the firm, around which a manager can
manage
and graded 100%
The reasons a government may nationalize a firm include - ANS✅✅All of the above
Nationalization and Privatization are - ANS✅✅Opposing trends
Government protection of economic activities is - ANS✅✅A historical function of government
Government stability is a characteristic of a government that - ANS✅✅Maintains predictability in
fiscal, monetary, and political issues
International business can be a powerful political force, in part because - ANS✅✅About half the
world's 100 largest economic units are firms
The national defense argument for trade restrictions has been used in the United States to argue for
restriction on imports of - ANS✅✅Shoes
An argument against the protection of an infant industry is that - ANS✅✅There can be high costs
from subsidizing infant industries
An argument against using trade restrictions to punish an offending nation is that -
ANS✅✅Sanctions seldom achieve their goal of forcing change in the offending country
An argument against the protection of an infant industry is that - ANS✅✅There can be high costs
from subsidizing infant industries
Arguments for trade restrictions include - ANS✅✅All of the above
Social dumping occurs when an exporting country - ANS✅✅Creates unfair competition based on
lower costs, which undermines social support systems to the worker
, The existence of the rule of law in a foreign market suggests that - ANS✅✅Foreign investors can
assume that their interests will be protected
Laws governing transactions of individuals and companies that cross international borders are -
ANS✅✅Private international law
The main sources of international law is - ANS✅✅Bilateral and multilateral treaties, along with
customary law
Extraterritoriality is - ANS✅✅A nation's attempt to enforce its law beyond its borders
The Alien Tort Statutes allows foreigners to - ANS✅✅File claims in U.S. courts for violations of
international law that may have occurred beyond U.S.
Where litigation in international disputes should occur is - ANS✅✅Often complex, so contracts
should include choice-of-law and choice-of-forum clauses
Arbitration is often preferred because it is - ANS✅✅None of the above
Incoterms attempt to standardize shipping agreements, and they include - ANS✅✅Descriptions of
port side processes
Usually, it is reasonable to assume that foreign law - ANS✅✅Will differ from U.S. law and must be
understood
Historically, gold has been used as a way for people to store value because of its - ANS✅✅Purity
and Scarcity
Bretton Woods led to an exchange rate agreement known as Bretton Woods system or -
ANS✅✅The gold exchange standard
Financial forces such as inflation and taxation are considered uncontrollable because -
ANS✅✅They are external forces beyond the influence of the firm, around which a manager can
manage
