G202 EXAM 2 NEWEST 2025 COMPLETE
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!!
C) $50,000 - CORRECT ANSWER-1) Assume that sugar is
initially traded freely in the US at the world price of $20 and
at this world price the US imports 5,000 units of sugar. Then
assume that the US enacts a quota of 2,000 units of imported
sugar that raises the domestic price of sugar to $45. What is
the most amount of revenue that the government can
generate if it combines this quota with a licensing fee?
A) $10,000
B) $45,000
C) $50,000
D) $75,000
,C) Reduced bureaucratic inefficiencies. - CORRECT ANSWER-
2) According to the 'sand' perception of corruption, which of
the following is not one of the potential costs of corruption?
A) Increased income inequality.
B) Reduced GDP growth.
C) Reduced bureaucratic inefficiencies.
D) Reduced foreign direct investment.
B) DeBeers uses stockpiling to balance the number of
diamonds released to the market in an effort to stabilize
diamond valuations at a high level. - CORRECT ANSWER-3)
According to the DeBeers case, which of the following is a
correct statement?
A) DeBeers was unsuccessful at capturing a significant share
of the U.S. diamond market because of strict ant-trust
policies.
B) DeBeers uses stockpiling to balance the number of
diamonds released to the market in an effort to stabilize
diamond valuations at a high level.
C) DeBeers does not actually control any of the raw diamond
mines located throughout the world.
, D) DeBeers and its subsidiary have little influence over world
diamond prices, but they are able to effectively influence the
world output of diamonds.
B) The common policy created a surplus of bananas and
decreased banana prices in the European market. - CORRECT
ANSWER-4) In regards to the Chiquita International case,
which of the following is an incorrect statement about the
common EU policy on banana imports?A) The common policy
established preferential banana trading rules for former
colonies of the EU countries.
B) The common policy created a surplus of bananas and
decreased banana prices in the European market.
C) Germany, one of the EU members, was against the
formation of the EU's common policy.
D) The common policy weakened the position of the Chiquita
company in the European market.
D) Asian Agri has a robust line of branded consumer product
goods that are exported directly to European consumers. -
CORRECT ANSWER-5) According to the Asian Agri case, which
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!!
C) $50,000 - CORRECT ANSWER-1) Assume that sugar is
initially traded freely in the US at the world price of $20 and
at this world price the US imports 5,000 units of sugar. Then
assume that the US enacts a quota of 2,000 units of imported
sugar that raises the domestic price of sugar to $45. What is
the most amount of revenue that the government can
generate if it combines this quota with a licensing fee?
A) $10,000
B) $45,000
C) $50,000
D) $75,000
,C) Reduced bureaucratic inefficiencies. - CORRECT ANSWER-
2) According to the 'sand' perception of corruption, which of
the following is not one of the potential costs of corruption?
A) Increased income inequality.
B) Reduced GDP growth.
C) Reduced bureaucratic inefficiencies.
D) Reduced foreign direct investment.
B) DeBeers uses stockpiling to balance the number of
diamonds released to the market in an effort to stabilize
diamond valuations at a high level. - CORRECT ANSWER-3)
According to the DeBeers case, which of the following is a
correct statement?
A) DeBeers was unsuccessful at capturing a significant share
of the U.S. diamond market because of strict ant-trust
policies.
B) DeBeers uses stockpiling to balance the number of
diamonds released to the market in an effort to stabilize
diamond valuations at a high level.
C) DeBeers does not actually control any of the raw diamond
mines located throughout the world.
, D) DeBeers and its subsidiary have little influence over world
diamond prices, but they are able to effectively influence the
world output of diamonds.
B) The common policy created a surplus of bananas and
decreased banana prices in the European market. - CORRECT
ANSWER-4) In regards to the Chiquita International case,
which of the following is an incorrect statement about the
common EU policy on banana imports?A) The common policy
established preferential banana trading rules for former
colonies of the EU countries.
B) The common policy created a surplus of bananas and
decreased banana prices in the European market.
C) Germany, one of the EU members, was against the
formation of the EU's common policy.
D) The common policy weakened the position of the Chiquita
company in the European market.
D) Asian Agri has a robust line of branded consumer product
goods that are exported directly to European consumers. -
CORRECT ANSWER-5) According to the Asian Agri case, which
