INTB 200 EXAM 1 2026 LATEST U
PDATE QUESTIONS AND
CORRECT VERIFIED ANSWERS
ALREADY GRADED A+
Caste System – ANS-Social system with little or no mobility
Cross Cultural Literacy - ANS-Understanding how cultural differences
affect business
Hofstede Framework - ANS-Tool for analyzing national cultural
differences
GLOBE Study - ANS-Research on culture and leadership across
countries
World Values Survey - ANS-Global survey measuring cultural values
Mercantilism - ANS-Trade theory viewing trade as zero sum favoring
exports
Absolute Advantage - ANS-When a country produces a good more
efficiently
Comparative Advantage - ANS-When a country produces a good at
lower opportunity cost
Heckscher Ohlin Theory - ANS-Countries export goods using
abundant factors
, International Product Life Cycle Theory - ANS-Trade patterns change as
products mature
New Trade Theory - ANS-Government support can create first mover
advantages
Competitive Advantage of Nations - ANS-Nations succeed based on
firm strategy structure and rivalry
Tariff - ANS-Tax on imported goods
Subsidy - ANS-Government payment to domestic producers
Import Quota - ANS-Limit on quantity of imports
Voluntary Export Restraint - ANS-Export limit imposed by exporting
country
Local Content Requirement - ANS-Requirement that part of a product be
produced domestically
Administrative Policy - ANS-Bureaucratic rules that restrict imports
Antidumping Duty - ANS-Tariff on goods sold below fair market value
Infant Industry Argument - ANS-New industries need temporary protection
Foreign Direct Investment (FDI) - ANS-Ownership of ten percent or more of
a foreign business
PDATE QUESTIONS AND
CORRECT VERIFIED ANSWERS
ALREADY GRADED A+
Caste System – ANS-Social system with little or no mobility
Cross Cultural Literacy - ANS-Understanding how cultural differences
affect business
Hofstede Framework - ANS-Tool for analyzing national cultural
differences
GLOBE Study - ANS-Research on culture and leadership across
countries
World Values Survey - ANS-Global survey measuring cultural values
Mercantilism - ANS-Trade theory viewing trade as zero sum favoring
exports
Absolute Advantage - ANS-When a country produces a good more
efficiently
Comparative Advantage - ANS-When a country produces a good at
lower opportunity cost
Heckscher Ohlin Theory - ANS-Countries export goods using
abundant factors
, International Product Life Cycle Theory - ANS-Trade patterns change as
products mature
New Trade Theory - ANS-Government support can create first mover
advantages
Competitive Advantage of Nations - ANS-Nations succeed based on
firm strategy structure and rivalry
Tariff - ANS-Tax on imported goods
Subsidy - ANS-Government payment to domestic producers
Import Quota - ANS-Limit on quantity of imports
Voluntary Export Restraint - ANS-Export limit imposed by exporting
country
Local Content Requirement - ANS-Requirement that part of a product be
produced domestically
Administrative Policy - ANS-Bureaucratic rules that restrict imports
Antidumping Duty - ANS-Tariff on goods sold below fair market value
Infant Industry Argument - ANS-New industries need temporary protection
Foreign Direct Investment (FDI) - ANS-Ownership of ten percent or more of
a foreign business
