D311 QUESTIONS AND ANSWERS UPDATED 2026
Which of the following describes the approach of countries that run favorable balances of trade
to achieve a social or political objective? - Correct Answer Neomercantilism
A country that imports more than it exports is said to have what? - Correct Answer Trade deficit
Today, how are differences in trade balances paid off? - Correct Answer By credit
Which of the following addresses the idea that if a company perceives a trading partner as
gaining to large an advantage, the company might forgo its own gains to prevent the trading
partner from gaining economic advantage? - Correct Answer The division of gains
The spending on research and development and the perceived advantage of a product provides
a country with which of the following? - Correct Answer Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? - Correct Answer
Growth
Which of the following is NOT an important feature for competitive superiority under the
diamond of national competitive advantage theory? - Correct Answer Sales conditions
Which of the following is an effect outward migration on countries? - Correct Answer Brain
drain
, Which of the following is an alternative to trade that might or might not be a more efficient use
of resources? - Correct Answer Factor movement
The protectionism theory that says a government should protect emerging industry from
foreign competition is known as what? - Correct Answer Infant industry argument
A country that has a high gross domestic product generally has which of the following? -
Correct Answer A large manufacturing base
Which of the following is NOT an assumption made by developing countries when trying to
develop a manufacturing base? - Correct Answer National activity helps the industry building
process.
Which of the following presumes that the unregulated importation of lower priced products
prevents the development of a domestic industry? - Correct Answer Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in
trade? - Correct Answer Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? - Correct Answer Nontariff
barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? - Correct Answer Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? - Correct Answer Shipping times
Which of the following requires the exporting country to provide additional economic benefits
as part of the transaction? - Correct Answer Countertrade
Which of the following describes the approach of countries that run favorable balances of trade
to achieve a social or political objective? - Correct Answer Neomercantilism
A country that imports more than it exports is said to have what? - Correct Answer Trade deficit
Today, how are differences in trade balances paid off? - Correct Answer By credit
Which of the following addresses the idea that if a company perceives a trading partner as
gaining to large an advantage, the company might forgo its own gains to prevent the trading
partner from gaining economic advantage? - Correct Answer The division of gains
The spending on research and development and the perceived advantage of a product provides
a country with which of the following? - Correct Answer Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets? - Correct Answer
Growth
Which of the following is NOT an important feature for competitive superiority under the
diamond of national competitive advantage theory? - Correct Answer Sales conditions
Which of the following is an effect outward migration on countries? - Correct Answer Brain
drain
, Which of the following is an alternative to trade that might or might not be a more efficient use
of resources? - Correct Answer Factor movement
The protectionism theory that says a government should protect emerging industry from
foreign competition is known as what? - Correct Answer Infant industry argument
A country that has a high gross domestic product generally has which of the following? -
Correct Answer A large manufacturing base
Which of the following is NOT an assumption made by developing countries when trying to
develop a manufacturing base? - Correct Answer National activity helps the industry building
process.
Which of the following presumes that the unregulated importation of lower priced products
prevents the development of a domestic industry? - Correct Answer Industrialization argument
Which of the following is considered a noneconomic rationale for government intervention in
trade? - Correct Answer Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? - Correct Answer Nontariff
barriers
Which of the following represents a form of direct assistance to local companies to boost
competitiveness? - Correct Answer Subsidies
Which of the following would NOT be an opportunity created by governmental trade policies to
discourage trade? - Correct Answer Shipping times
Which of the following requires the exporting country to provide additional economic benefits
as part of the transaction? - Correct Answer Countertrade
