GB 350 CASCIO FINAL OLE MISS
TEST 2026 COMPLETE QUESTIONS
AND VERIFIED ANSWERS
◉ Gross domestic product. Answer: the total market value of all final
goods and services produced in a country for a given period
◉ Top 5 import partners 2019. Answer: china
canada
mexico
japan
germany
◉ Top 5 export partners 2019. Answer: mexico
canda
china
japan
germany
◉ Culture. Answer: "the collective programming of the mind
distinguishing the members of one group or category of people from
others"
, ◉ Ethnocentrism. Answer: viewing outside others and their cultural
traditions through the lens of our own culture
◉ Multinationals. Answer: firms that engage in international trade
beyond exporting and importing
◉ Tariff. Answer: tax on particular class of product or service to protect
domestic competition
◉ Absolute quota. Answer: maximum number of products that can be
imported in a given time period
◉ Tariff rate quota. Answer: maximum number of products that can be
imported at a reduced tariff
◉ Embargo. Answer: ban on product/service trade activity with another
country
◉ US economic factors and natural resources. Answer: large land mass
not bordered by hostile governments
expansive coastline, farmland, water, coal, oil and gas, people
◉ Five methods of entering the global marketplace. Answer: exporting
licensing
contract manufacturing
TEST 2026 COMPLETE QUESTIONS
AND VERIFIED ANSWERS
◉ Gross domestic product. Answer: the total market value of all final
goods and services produced in a country for a given period
◉ Top 5 import partners 2019. Answer: china
canada
mexico
japan
germany
◉ Top 5 export partners 2019. Answer: mexico
canda
china
japan
germany
◉ Culture. Answer: "the collective programming of the mind
distinguishing the members of one group or category of people from
others"
, ◉ Ethnocentrism. Answer: viewing outside others and their cultural
traditions through the lens of our own culture
◉ Multinationals. Answer: firms that engage in international trade
beyond exporting and importing
◉ Tariff. Answer: tax on particular class of product or service to protect
domestic competition
◉ Absolute quota. Answer: maximum number of products that can be
imported in a given time period
◉ Tariff rate quota. Answer: maximum number of products that can be
imported at a reduced tariff
◉ Embargo. Answer: ban on product/service trade activity with another
country
◉ US economic factors and natural resources. Answer: large land mass
not bordered by hostile governments
expansive coastline, farmland, water, coal, oil and gas, people
◉ Five methods of entering the global marketplace. Answer: exporting
licensing
contract manufacturing
