Question 1

When government-owned companies compete with private companies,the private companies have the advantage.

Accepted Answer

A) True 
 B)False

Question 2

Social dumping occurs when an exporting country

Accepted Answer

A)  imposes an export tax on domestic businesses that export,to compensate for the opportunity cost to the domestic market.
B)  creates unfair competition based on lower costs because they provide little social support system to the worker.
C)  target markets to specific vulnerable groups in the importing country.
D)  exports good that are not sellable in the domestic environment due to hazards and safety issues.E) None of the above
F) C) and D)

Question 3

The British PM Tony Blair led the privatization movement.

Accepted Answer

A) True 
 B)False

Question 4

Import duties can be set to encourage

Accepted Answer

A)  increased imports based on sales volumes.
B)  local input.
C)  price-fixing.
D)  imports from other suppliers.E) A) and C)
F) C) and D)

Question 5

The practice of country risk assessment is an exercise in xenophobic and ethnocentric thinking.

Accepted Answer

A) True 
 B)False

Question 6

Subsidies that confer a benefit may well evoke countervailing duties.

Accepted Answer

A) True 
 B)False  True

Question 7

An example of environmental dumping can be found in the

Accepted Answer

A)  maquiladora plants of Mexico,located near the U.S.border and operating at lower environmental standards than would be required in the U.S.
B)  nuclear waste shipments to developing nations.
C)  garbage shipments from New Jersey to developing nations.
D)  All of the above.E) B) and D)
F) A) and B)

Question 8

Fair competition is a strong rationale for trade barriers.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the terrorist threat of kidnapping and how it impacts international business.

Accepted Answer

The threat of kidnapping is increasingly...

Question 10

Duties may be used to encourage local input.

Accepted Answer

A) True 
 B)False

Question 11

Kidnap,ransom and extortion are techniques often used by terrorists against which no insurance is available.

Accepted Answer

A) True 
 B)False

Question 12

Government protection of economic activities is

Accepted Answer

A)  a historical function of government.
B)  a recent responsibility of government.
C)  a socialist characteristic.
D)  stronger in democracies.E) None of the above
F) A) and B)

Question 13

Businesses favor unstable governments because they present more profit opportunities.

Accepted Answer

A) True 
 B)False

Question 14

What is dumping and why is it found to be problematic?

Accepted Answer

Dumping is the selling of product below production cost in the exporting nation,or below market price in the exporting nation,or the price to third countries.Predatory dumping is an attempt to price domestic producers in the importing nation out of business. New types of dumping include social dumping,environmental dumping,financial services dumping,cultural dumping,and tax dumping.Each of these tactics can be explained and examples provided. The basic problem with dumping is that it distorts the market.

Question 15

Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules.

Accepted Answer

A) True 
 B)False  False

Question 16

Retaliatory trade restrictions are not made for dumping because price competition is protected by the WTO.

Accepted Answer

A) True 
 B)False

Question 17

Nontariff barriers that are not quantitative can be divided into two groups,those established by the government participation in trade and those that are administrative.

Accepted Answer

A) True 
 B)False

Question 18

U.S.ocean shipping companies are benefiting from U.S.government subsidies.

Accepted Answer

A) True 
 B)False

Question 19

To hedge the terrorism risk,there is insurance,antiterrorist schools,and even companies to handle negotiations.

Accepted Answer

A) True 
 B)False

Question 20

The U.S.became one of the first countries to prohibit dumping into its own market,in

Accepted Answer

A)  2006.
B)  1856.
C)  1916.
D)  1776.E) None of the above
F) A) and C)

Exam 6: Political and Trade Forces

When government-owned companies compete with private companies,the private companies have the advantage.

Correct Answer
verified

Social dumping occurs when an exporting country

Correct Answer
verified

The British PM Tony Blair led the privatization movement.

Correct Answer
verified

Import duties can be set to encourage

Correct Answer
verified

The practice of country risk assessment is an exercise in xenophobic and ethnocentric thinking.

Correct Answer
verified

Subsidies that confer a benefit may well evoke countervailing duties.

Correct Answer
verified
True

An example of environmental dumping can be found in the

Correct Answer
verified

Fair competition is a strong rationale for trade barriers.

Correct Answer
verified

Discuss the terrorist threat of kidnapping and how it impacts international business.

Correct Answer
verified
The threat of kidnapping is increasingly...
View Answer

Duties may be used to encourage local input.

Correct Answer
verified

Kidnap,ransom and extortion are techniques often used by terrorists against which no insurance is available.

Correct Answer
verified

Government protection of economic activities is

Correct Answer
verified

Businesses favor unstable governments because they present more profit opportunities.

Correct Answer
verified

What is dumping and why is it found to be problematic?

Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules.

Correct Answer
verified
False

Retaliatory trade restrictions are not made for dumping because price competition is protected by the WTO.

Correct Answer
verified

Nontariff barriers that are not quantitative can be divided into two groups,those established by the government participation in trade and those that are administrative.

Correct Answer
verified

U.S.ocean shipping companies are benefiting from U.S.government subsidies.

Correct Answer
verified

To hedge the terrorism risk,there is insurance,antiterrorist schools,and even companies to handle negotiations.

Correct Answer
verified

The U.S.became one of the first countries to prohibit dumping into its own market,in

Correct Answer
verified

Exam 6: Political and Trade Forces

When government-owned companies compete with private companies,the private companies have the advantage.

Correct AnswerverifiedShow Answer

Social dumping occurs when an exporting country

Correct AnswerverifiedShow Answer

The British PM Tony Blair led the privatization movement.

Correct AnswerverifiedShow Answer

Import duties can be set to encourage

Correct AnswerverifiedShow Answer

The practice of country risk assessment is an exercise in xenophobic and ethnocentric thinking.

Correct AnswerverifiedShow Answer

Subsidies that confer a benefit may well evoke countervailing duties.

Correct AnswerverifiedTrue

An example of environmental dumping can be found in the

Correct AnswerverifiedShow Answer

Fair competition is a strong rationale for trade barriers.

Correct AnswerverifiedShow Answer

Discuss the terrorist threat of kidnapping and how it impacts international business.

Correct AnswerverifiedThe threat of kidnapping is increasingly...View AnswerShow Answer

Duties may be used to encourage local input.

Correct AnswerverifiedShow Answer

Kidnap,ransom and extortion are techniques often used by terrorists against which no insurance is available.

Correct AnswerverifiedShow Answer

Government protection of economic activities is

Correct AnswerverifiedShow Answer

Businesses favor unstable governments because they present more profit opportunities.

Correct AnswerverifiedShow Answer

What is dumping and why is it found to be problematic?

Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules.

Correct AnswerverifiedFalse

Retaliatory trade restrictions are not made for dumping because price competition is protected by the WTO.

Correct AnswerverifiedShow Answer

Nontariff barriers that are not quantitative can be divided into two groups,those established by the government participation in trade and those that are administrative.

Correct AnswerverifiedShow Answer

U.S.ocean shipping companies are benefiting from U.S.government subsidies.

Correct AnswerverifiedShow Answer

To hedge the terrorism risk,there is insurance,antiterrorist schools,and even companies to handle negotiations.

Correct AnswerverifiedShow Answer

The U.S.became one of the first countries to prohibit dumping into its own market,in

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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True

Correct Answer
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Correct Answer
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Correct Answer
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The threat of kidnapping is increasingly...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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False

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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