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INTERNATIONAL TRADE EXAM QUESTIONS WITH 100% SOLVED SOLUTIONS.
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INTERNATIONAL TRADE EXAM QUESTIONS WITH 100- SOLVED SOLUTIONS.
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INTERNATIONAL TRADE EXAM QUESTIONS WITH100% SOLVED SOLUTIONS!!
international .business .- .Correct .Answer .- .Business .activities .needed .for .creating, .shipping, .and .sellin
g .goods .and .services .across .national .borders
global .dependency .- .Correct .Answer .- .when .customers .in .one .country .begin .to .demand .items .that .
are .created .in .another .country.
imports .- .Correct .Answer .- .Goods .and .services .bought .from .other .countries
exports .- .Correct .Answer .- .Goods .and .Services .sold .to .other .countries
culture .- .Correct .Answer .- .A .system .of .learned, .shared, .unifying, .and .interrelated .beliefs, .values, .an
d .assumptions
subculture .- .Correct .Answer .- .A .subset .of .a .larger .culture
balance .of .trade .- .Correct .Answer .- .The .difference .between .a .country's .total .exports .and .total .impo
rts
trade .surplus .- .Correct .Answer .- .A .situation .in .which .a .country .exports .(sells) .more .than .it .imports .
(buys)
trade .deficit .- .Correct .Answer .- .A .situation .in .which .a .country .imports .(buys) .more .than .it .exports .
(sells)
foreign .exchange .rate .- .Correct .Answer .- .the .rate .at .which .one .currency .will .be .exchanged .for .anot
her .currency.
contexting .- .Correct .Answer .- .How .direct .or .indirect .communication .is
culture .shock .- .Correct .Answer .- .A .normal .reaction .to .all .the .differences .of .another .culture
reverse .culture .shock .- .Correct .Answer .- .the .emotional .and .psychological .distress .suffered .by .some .
people .when .they .return .home .after .a .number .of .years .overseas.
, ethnocentrism .- .Correct .Answer .- .The .belief .that .one's .culture .is .better .than .other .cultures
norms .- .Correct .Answer .- .something .that .is .usual, .typical, .or .standard.
quotas .- .Correct .Answer .- .A .limit .on .the .total .number, .quantity, .or .monetary .amount .of .a .product .t
hat .can .be .imported .from .a .given .country
protectionism .- .Correct .Answer .- .A .government .policy .of .protecting .local .or .domestic .industries .fro
m .foreign .companies
outsourcing .- .Correct .Answer .- .Hiring .workers .in .other .countries .to .do .a .set .of .jobs
boycott .- .Correct .Answer .- .An .absolute .restriction .on .the .import .of .certain .products .from .certain .co
untries .usually .done .voluntarily
expropriation .- .Correct .Answer .- .This .is .when .a .government .takes .control .and .ownership .of .foreign-
based .assets .and .companies
licensing .requirements .- .Correct .Answer .- .all .legal, .formal .stipulations .and .orders .from .a .regulatory .
body .that .apply .to .facilities .regarding .their .initial .or .ongoing .permission .to .operate.
trade .embargo .
(sanctions) .- .Correct .Answer .- .Embargoes .are .specifically .used .to .target .a .country .or .group .by .prohi
biting .or .restricting .trade .with .them.
economic .nationalism .- .Correct .Answer .- .A .policy .of .restricting .foreign .ownership .of .local .companies
.and .hindering
free-trade .zones .- .Correct .Answer .- .A .designated .area .where .products .can .be .imported .duty-free
free-
trade .agreement .- .Correct .Answer .- .An .arrangement .between .countries .that .eliminate .duties .and .tr
ade .barriers .on .products .traded .among .themselves
tax .holiday .- .Correct .Answer .- .A .situation .where .a .corporation .does .not .pay .corporate .income .taxes
.to .a .foreign .government .if .it .invests .in .their .country
common .market .- .Correct .Answer .- .An .agreement .among .countries .that .eliminates .trade .barriers, .e
ncourages .investment, .and .allows .workers .to .move .freely .across .the .border
most .favored .nation .status .- .Correct .Answer .- .a .status .conferred .by .a .clause .in .which .a .country .pro
mises .that .it .will .treat .another .country .as .well .as .it .treats .any .other .country .that .receives .preferen
tial .treatment.
WTO .- .Correct .Answer .- .The .World .Trade .Organization .is .an .intergovernmental .organization .headqu
artered .in .Geneva, .Switzerland .that .regulates .and .facilitates .international .trade.
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