1|Page
INTB 200 EXAM 1 EXAM NEWEST 2025 ACTUAL
EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Why international business - .....ANSWER ...✔✔
Diversification, Access to capital, Comparative adv to
resources, Larger market, more profits
US economy GDP - .....ANSWER ...✔✔ 23.3 trillion
(25-30 trillion)
World economy GDP - .....ANSWER ...✔✔ 11.33
trillion
How did US economy grow so much w less openness to
trade - .....ANSWER ...✔✔ Lrg consumer market,
Immigration/globalizing fast bc new consumers came to
us, Access to natural resources and arable land,
Governance and stability, World wars aren't on our soil,
Infrastructure wasn't ****ed, Lowk war profiteering,
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Location is far from other economies so we had to grow
within ourselves, Lowk being under same regime for all
of our existence, Built on slave labor... :(, Imperialism
Why does US need intl business - .....ANSWER ...✔✔
Birth rates are falling, need more consumers elsewhere,
Less immigration, Shrinking middle class- high price
levels, other countries are developing faster than us-
more growth potential
Difference between public actions that violate property
rights legally vs illegally - .....ANSWER ...✔✔ Govs
can legally violate your property rights, Build
infrastructure, Force indigenization
Tariffs assessed on..? - .....ANSWER ...✔✔ what
importer has paid for item
When product is given fairtrade price - .....ANSWER
...✔✔ not all producers receive equal fairtrade price
Why was US able to grow in spite of great divergence
- .....ANSWER ...✔✔ Great divergence= 18th 29th
century growth, energy, coal, local trade empires,
Immigration, brain drain, Physically isolated, Lots of
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resources, Less reparations after conflict, Strong labor
force, Political stability
Why not best interest to shield free trade - .....ANSWER
...✔✔ Not benefitting from outside markets and
innovation and other countries might retaliate, Losing
export revenue if other countries can't retaliate, Higher
prices for consumers
Mercantilism drawbacks - .....ANSWER ...✔✔ Trade
isn't zero sum, Trade is good!!!!, Not sustainable to not
import, Caused imperialism, Resource depletion,
Suppressed wages in working class, Trade wars and
conflict, Inflation
Mercantilism= - .....ANSWER ...✔✔ zero sum trade-
how much gold you can get from place
Fast track trade promotion does not allow - .....ANSWER
...✔✔ president to directly influence trade legislation
without involvement in US congress
Mercantilists prefer - .....ANSWER ...✔✔ Scenario
where increasing exports and imposing tariffs and
quotas on imports
, 4|Page
Protectionism - .....ANSWER ...✔✔ guise of lots of
trade policy
Institution CFIUS - .....ANSWER ...✔✔ Tool to fit FSI to
national interest
Incoming FDI - .....ANSWER ...✔✔ Balancing of
national interests but benefits of trade, Environmental
concerns, Creating/ losing jobs at same time, Giving
foreigners control- threat to security/ sovereignty..?
Property rights privileges - .....ANSWER ...✔✔
Keep/own, Destroy, Sell/Rent, Hide
Mercantilism- Ricardian model- laissez faire, Not
sustainable bc missing modern forms of trade like
services and FDI, Only accounts for one product at a
time, Things aren't made within one country anymore -
.....ANSWER ...✔✔
Why govs aren't as active in managing trade since 80s
(new trade theory), Firms aren't competing on price as
much... instead value-- economies of scale, consumers
INTB 200 EXAM 1 EXAM NEWEST 2025 ACTUAL
EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Why international business - .....ANSWER ...✔✔
Diversification, Access to capital, Comparative adv to
resources, Larger market, more profits
US economy GDP - .....ANSWER ...✔✔ 23.3 trillion
(25-30 trillion)
World economy GDP - .....ANSWER ...✔✔ 11.33
trillion
How did US economy grow so much w less openness to
trade - .....ANSWER ...✔✔ Lrg consumer market,
Immigration/globalizing fast bc new consumers came to
us, Access to natural resources and arable land,
Governance and stability, World wars aren't on our soil,
Infrastructure wasn't ****ed, Lowk war profiteering,
,2|Page
Location is far from other economies so we had to grow
within ourselves, Lowk being under same regime for all
of our existence, Built on slave labor... :(, Imperialism
Why does US need intl business - .....ANSWER ...✔✔
Birth rates are falling, need more consumers elsewhere,
Less immigration, Shrinking middle class- high price
levels, other countries are developing faster than us-
more growth potential
Difference between public actions that violate property
rights legally vs illegally - .....ANSWER ...✔✔ Govs
can legally violate your property rights, Build
infrastructure, Force indigenization
Tariffs assessed on..? - .....ANSWER ...✔✔ what
importer has paid for item
When product is given fairtrade price - .....ANSWER
...✔✔ not all producers receive equal fairtrade price
Why was US able to grow in spite of great divergence
- .....ANSWER ...✔✔ Great divergence= 18th 29th
century growth, energy, coal, local trade empires,
Immigration, brain drain, Physically isolated, Lots of
,3|Page
resources, Less reparations after conflict, Strong labor
force, Political stability
Why not best interest to shield free trade - .....ANSWER
...✔✔ Not benefitting from outside markets and
innovation and other countries might retaliate, Losing
export revenue if other countries can't retaliate, Higher
prices for consumers
Mercantilism drawbacks - .....ANSWER ...✔✔ Trade
isn't zero sum, Trade is good!!!!, Not sustainable to not
import, Caused imperialism, Resource depletion,
Suppressed wages in working class, Trade wars and
conflict, Inflation
Mercantilism= - .....ANSWER ...✔✔ zero sum trade-
how much gold you can get from place
Fast track trade promotion does not allow - .....ANSWER
...✔✔ president to directly influence trade legislation
without involvement in US congress
Mercantilists prefer - .....ANSWER ...✔✔ Scenario
where increasing exports and imposing tariffs and
quotas on imports
, 4|Page
Protectionism - .....ANSWER ...✔✔ guise of lots of
trade policy
Institution CFIUS - .....ANSWER ...✔✔ Tool to fit FSI to
national interest
Incoming FDI - .....ANSWER ...✔✔ Balancing of
national interests but benefits of trade, Environmental
concerns, Creating/ losing jobs at same time, Giving
foreigners control- threat to security/ sovereignty..?
Property rights privileges - .....ANSWER ...✔✔
Keep/own, Destroy, Sell/Rent, Hide
Mercantilism- Ricardian model- laissez faire, Not
sustainable bc missing modern forms of trade like
services and FDI, Only accounts for one product at a
time, Things aren't made within one country anymore -
.....ANSWER ...✔✔
Why govs aren't as active in managing trade since 80s
(new trade theory), Firms aren't competing on price as
much... instead value-- economies of scale, consumers
