INTB 200 QUESTIONS AND ANSWERS
The three tarrif methods - Answers - Specific, Ad Valorem, Compound
Specific Tariff - Answers - Fixed fee on one unit of imported good
Ad Valorem Tariff - Answers - % of commercial invoice value
Compound Tariff - Answers - Both specific and ad valorem combined (fixed and %)
Three Monetary Barriers to trade - Answers - Differencial exchange rates, blocked
currency, goverment approval
Differencial Excange Rate - Answers - Barrier to trade: encourages the importaion of
desired goods and discourages importation of undesired goods that the government
does not want by adjusting the exchange rate
Blocked Currency - Answers - Barrier to trade: Can not exchange currency for other
currency
Government Approval - Answers - Barrier to trade: Countries where there is a severe
shortage of FC, exchange permit is required
5 Market Barriers to Trade - Answers - *These are endless
Licenses
Import Quotas
Voluntary Export Restraints (VER)
Local Content Requirement
Embargos
Licenses - Answers - Permission from the government to import certian good
Import quota - Answers - Limit the amount of a good that you can import
Voluntary Exports Restaint (VER) - Answers - Created by the exporting country to
protect domestic industries; Increases the cost of imports
General Assembly - Answers - Main deliberative, policymaking, and representation of
the UN (like peace and security); 193 Members
Security Council - Answers - Peace and security; 15 Members
Economic and Social Council - Answers - Help with sustainable development-
economic, social, and environmental
, International Court of Justice - Answers - 15 Judges: Dual rule: settle leagal disputes
interationaly and between states
Secretariat - Answers - At the head the Secretary General: offices corrdinate and
organize all functions within the UN
Bodies of the United Nation - Answers - General Assembly
Secretariat
Security Council
Economic and Social Council
International Court of Justice
Organizations within the UN - Answers - International Civil Aviation Organization (ICAO)
World Health Organization (WHO)
International Labor Organization (ILO)
Sales Convention (SISG)
Convention of the Carriage of Goods by Sea (COGSA)
Commision of International Trade Law (CITL)
ICAO - Answers - International Civil Aviation Org: Make sure planes are operating
safely
WHO - Answers - Word Health Organization: Manage disease, noncommunicable and
communicable, preparedness, serveillence and response
CISG - Answers - UN Sales Convention: Provide contracts to create market stability
COSGA - Answers - Convention on the carriage of goods by sea: "Hague Rules" laws
on how you can ship by sea
CITL - Answers - Commision of International Trade Law: Progressive harminization and
unification of the law of international trade
You are at a business meeting in an Arabian Gulf Country. You are offered a small cup
of bitter cardamom coffee. After your cup has been refilled several of times, you decide
you would rather not have any more. How do you decline? - Answers - Hold the cup and
twist your wrist from side to side.
As an American in what countries are you expected to be punctual for business
meetings? - Answers - All countries
In Japan if presented with a gift you should - Answers - Thank the giver and open it later
In what country do people stick out thier tounge as a sign of greeting - Answers - Tibet
What is the normal work week in Saudi Arabia - Answers - Sunday through thursday
The three tarrif methods - Answers - Specific, Ad Valorem, Compound
Specific Tariff - Answers - Fixed fee on one unit of imported good
Ad Valorem Tariff - Answers - % of commercial invoice value
Compound Tariff - Answers - Both specific and ad valorem combined (fixed and %)
Three Monetary Barriers to trade - Answers - Differencial exchange rates, blocked
currency, goverment approval
Differencial Excange Rate - Answers - Barrier to trade: encourages the importaion of
desired goods and discourages importation of undesired goods that the government
does not want by adjusting the exchange rate
Blocked Currency - Answers - Barrier to trade: Can not exchange currency for other
currency
Government Approval - Answers - Barrier to trade: Countries where there is a severe
shortage of FC, exchange permit is required
5 Market Barriers to Trade - Answers - *These are endless
Licenses
Import Quotas
Voluntary Export Restraints (VER)
Local Content Requirement
Embargos
Licenses - Answers - Permission from the government to import certian good
Import quota - Answers - Limit the amount of a good that you can import
Voluntary Exports Restaint (VER) - Answers - Created by the exporting country to
protect domestic industries; Increases the cost of imports
General Assembly - Answers - Main deliberative, policymaking, and representation of
the UN (like peace and security); 193 Members
Security Council - Answers - Peace and security; 15 Members
Economic and Social Council - Answers - Help with sustainable development-
economic, social, and environmental
, International Court of Justice - Answers - 15 Judges: Dual rule: settle leagal disputes
interationaly and between states
Secretariat - Answers - At the head the Secretary General: offices corrdinate and
organize all functions within the UN
Bodies of the United Nation - Answers - General Assembly
Secretariat
Security Council
Economic and Social Council
International Court of Justice
Organizations within the UN - Answers - International Civil Aviation Organization (ICAO)
World Health Organization (WHO)
International Labor Organization (ILO)
Sales Convention (SISG)
Convention of the Carriage of Goods by Sea (COGSA)
Commision of International Trade Law (CITL)
ICAO - Answers - International Civil Aviation Org: Make sure planes are operating
safely
WHO - Answers - Word Health Organization: Manage disease, noncommunicable and
communicable, preparedness, serveillence and response
CISG - Answers - UN Sales Convention: Provide contracts to create market stability
COSGA - Answers - Convention on the carriage of goods by sea: "Hague Rules" laws
on how you can ship by sea
CITL - Answers - Commision of International Trade Law: Progressive harminization and
unification of the law of international trade
You are at a business meeting in an Arabian Gulf Country. You are offered a small cup
of bitter cardamom coffee. After your cup has been refilled several of times, you decide
you would rather not have any more. How do you decline? - Answers - Hold the cup and
twist your wrist from side to side.
As an American in what countries are you expected to be punctual for business
meetings? - Answers - All countries
In Japan if presented with a gift you should - Answers - Thank the giver and open it later
In what country do people stick out thier tounge as a sign of greeting - Answers - Tibet
What is the normal work week in Saudi Arabia - Answers - Sunday through thursday
