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BBB4M
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Questions
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Answers
1
Trade Coverage ratio is calculated = Exports/Imports
False
True
2
What is Fair Trade?
Trade that is unfair
Trade that is international
Trade done in an ethical manner
Trade that makes everyone happy
3
Which of the Following Currencies is the STONGEST?
$EURO
$CAD
$USD
$GBP
4
What is the IMF?
Internal Money Fraud
International Money Fund
International Monetary Fund
inter-molecular forces
5
What is an Import?
Sending out goods
Bringing in goods
Manufacting in country
Resource gathering within country
6
Which of the following factors are not included in calculating GDP?
Government tax revenue
Business investment
Personal expenditures
Net Exports
7
What is somthing Protectionism is meant to do?
Decreases Trade Surplus
Restrict domestic manufacturing
Reduce the volume of imports
Increase the amount of exports
8
What is Canada's main trading partner?
Other
Mexico
USA
China
9
Which of the following is an advantage of international franchising for a franchisee?
Complete control over business operations and strategy
Access to local market knowledge and established brand recognition
Reduced financial risk due to the sharing
Low initial investment required
10
If Japan and Italy can both produce automobiles. But Italy can produce sports cars with a higher & faster rate this __
Absoulute Advanatge
Compartative Advantage
The best oil
Competitive Advantage
11
Which of the following trade agreements is a regional economic integration bloc comprising 27 member states
NAFTE
EU-Mercosur
NAFTA
ASEAN
12
Chile, Columbia, Mexico and Peru are apart of?
Mercosur
Pacific Aliance
European Union
International Monotary Fund
13
In a Free Trade Area there is Free Movement of Labour?
True
False
14
A company markets itself differently in each nation, and adapt their product or service to that nation?
Tariff
Competitive Advatage
Multinational Enterprise
Global Company
15
Capitalistic, Communistic and Mixed are the types of?
Political System
Economic System
Cultural Attitudes
Social System
16
How did 911 affect Canadian International Business?
Increased trade with the European Union
Affected the Middle Eastern Market negatively
Started a trade war
Nothing.
17
What is the DEFINITION of a Trade Deficit?
When a country exports more then imports
A and B
When country imports and exports the same amount
When a country imports more then exports
18
Which is the Following Countries is NOT in (APEC)
China
Chile
India
USA
19
_____ Is an application of knowledge which redefines the boundaries of Global Business?
Economy
Technology
Cultural Values
Society
20
Free trade is not enacted by which of the following groups?
Mercosur
PETA
ASEAN
NAFTA
21
What country is NOT in the top 5 of Canada's Import sources?
MEXICO
UNITED KINGDOM
JAPAN
USA
22
Multinational cooperation: Which is true?
Offers two products globally
Is the same as a global cooperation
Offers the same product internationally
Tailors a product to a countrys culture
23
What is Comparative Advantage?
when a country has an advantage over producing a good better then another
when someone has an advantage because they are better
when someone has an advatage since they have more money
24
Which of the following countries has the highest GDP?
Djibouti
Iran
China
Chad
25
What is International Trade?
BlakelyCo
trade within two specific countries
local trade
trade within various countries
26
When was the WTO founded?
1985
1975
1995
2005
27
What is a Lean Business?
Business that aims to minimize waste
A service based business
A strong business
A business that changes their product to adapt to culture
28
Demand for Canadian goods has risen in the country of Burundi. How will this affect the value of the currencies
The Burundian Franc will be worth more
The Burundian Franc will be worth less
A and B
The Canadian dollar would be worth more
29
Fair Trade is an arrangement that helps out Countries by providing a sustainable & equitable trade?
False
True
