IEI301 |510 Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+|117 Pages

1. In which of the following countries do services account for about 40 percent or more of total merchandise trade? a. China and Panama b. Panama and the Netherlands c. China, Panama, and the Netherlands d. China and the Netherlands - ️️b 2. Which of the following are included in a typical services export? a. Tourism and transportation b. Sales and forecasting c. Technology and e-commerce d. All of the above - ️️a 3. Who does international trade allow to seek out products, services, and components in foreign countries? a. Manufacturers and distributors b. Distributors and suppliers c. Suppliers and public officials d. Manufacturers and suppliers - ️️a 4. For developing countries, determinants of import demand include: a. Government restrictions on all exports b. Government restrictions on imports