BMAL 604 - Quiz: International Trade
Questions and Answers
1. Nations that lack adequate tend to experience hyper-inflation or
depression.
Answer: Currency controls
2. protect the rights of authors in regards to literary and artistic works.
Answer: Copyrights
3. World Trade Organization acknowledges the assumption that where producers
exist with high fixed costs, perfect competition will not be the result.
Answer: True
4. The World Trade Organization is not exclusively about lowering or reducing trade
barriers.
Answer: True
5. Due to the numerous religions in the world, nations find difficulty coming to
agreements over theocratic laws.
Answer: True
6. Many nations, most notably the U.S., are considered free market economies;
however, no nation operates with a true free-market economy.
Answer: True
7. Recent industry growth reports highlight that its industry is growing at
roughly three times the rate of the rest of the private sector.
Answer: Technology
8. Fidelicomiso is a fiduciary trust where the owners cannot be foreigners and must
own the property through a corporation that is formed in Mexico.
Answer: False
9. While no standard percentage of ownership exists, most nations consider the
threshold for foreign direct investment to be within the range of percent.
Answer: 10-25%
Questions and Answers
1. Nations that lack adequate tend to experience hyper-inflation or
depression.
Answer: Currency controls
2. protect the rights of authors in regards to literary and artistic works.
Answer: Copyrights
3. World Trade Organization acknowledges the assumption that where producers
exist with high fixed costs, perfect competition will not be the result.
Answer: True
4. The World Trade Organization is not exclusively about lowering or reducing trade
barriers.
Answer: True
5. Due to the numerous religions in the world, nations find difficulty coming to
agreements over theocratic laws.
Answer: True
6. Many nations, most notably the U.S., are considered free market economies;
however, no nation operates with a true free-market economy.
Answer: True
7. Recent industry growth reports highlight that its industry is growing at
roughly three times the rate of the rest of the private sector.
Answer: Technology
8. Fidelicomiso is a fiduciary trust where the owners cannot be foreigners and must
own the property through a corporation that is formed in Mexico.
Answer: False
9. While no standard percentage of ownership exists, most nations consider the
threshold for foreign direct investment to be within the range of percent.
Answer: 10-25%
