Exam 2: BUSI 3250 Auburn (Latest 2026/2027 Update) Business Communication Questions with Verified Answers| 100% Correct| Graded A+

Exam 2: BUSI 3250 Auburn (Latest
2026/2027 Update) Business
Communication Questions with Verified
Answers| 100% Correct| Graded A+
Question:
What are four areas of increasing concern to governments??
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Answer:
protection from terrorism, piracy, kidnapping, cybercrime and other threats
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Question:

Country Risk Assessment? i,- i,-




Answer:

An assessment of a country's economic situation and politics to determine
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how much risk to employees, property, and investment exists for the firm
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doing business there i,- i,-




Question:
6 reasons for restricting trade?
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Answer:

,Provide for National Defense, Impose Sanctions, Protect an Infant or
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Dying Industry, Protect Domestic Jobs, Ensure Fair Competition, Retaliate
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Question:
While trade is promoted - in 1982 ag tariffs averaged _______% - in
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comparison manufactured good tariffs=____%?
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Answer:

62%; 4%
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Question:
Reasons to restrict trade to provide for national defense?
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Answer:

-Certain industries need protection from imports because they are vital to
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security

-economists say this is a weak argument i,- i,- i,- i,- i,- i,-




Question:

Reasons to restrict trade to impose sanctions?
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Answer:

-Inflict economic damage, punish, or encourage change of behavior
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-Seldom achieve their goal i,- i,- i,-

,-Produce collateral economic damage
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Question:

Reasons to restrict trade to Protect an Infant or Dying Industry?
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Answer:

-Give infant industries a chance to grow and build comparative advantage
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-Without this, lower-cost imports will underprice in local marke
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-Slow down impact of dying industry—move capital into other sectors
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Question:

US first pass a law against foreign goods dumping in 1916. No law against
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US companies dumping abroad though?
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Answer:
Example of retailation i,- i,-




Question:

Dumping is defined in 3 ways? i,- i,- i,- i,- i,-




Answer:

- selling a product abroad for less than cost of production
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- selling product abroad for less than price in home market
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, - selling product abroad for less than price to third-party countries
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Question:

Predatory dumping? i,-




Answer:

setting price below another country's to put them out of
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business/competition




Question:
Social dumping?
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Answer:

when producers have lower wage rates, lower social costs (unemployment
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taxes and env. regulations) poor worker benefits, poor working conditions
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Question:
Environmental dumping? i,-




Answer:

when an exporter can sell at lower costs due to the country's loose
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environmental standards i,-




Question: