D311 Exam – Questions & Verified Answers (100%)
Which of the following describes the approach of countries that run favorable
balances of trade to achieve a social or political objective? Right Ans -
Neomercantilism
A country that imports more than it exports is said to have what? Right Ans
- Trade deficit
Today, how are differences in trade balances paid off? Right Ans - 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?
Right Ans - 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? Right Ans -
Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets?
Right Ans - Growth
Which of the following is NOT an important feature for competitive
superiority under the diamond of national competitive advantage theory?
Right Ans - Sales conditions
Which of the following is an effect outward migration on countries? Right
Ans - Brain drain
Which of the following is an alternative to trade that might or might not be a
more efficient use of resources? Right Ans - Factor movement
The protectionism theory that says a government should protect emerging
industry from foreign competition is known as what? Right Ans - Infant
industry argument
A country that has a high gross domestic product generally has which of the
following? Right Ans - A large manufacturing base
, Which of the following is NOT an assumption made by developing countries
when trying to develop a manufacturing base? Right Ans - 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? Right
Ans - Industrialization argument
Which of the following is considered a noneconomic rationale for government
intervention in trade? Right Ans - Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? Right
Ans - Nontariff barriers
Which of the following represents a form of direct assistance to local
companies to boost competitiveness? Right Ans - Subsidies
Which of the following would NOT be an opportunity created by
governmental trade policies to discourage trade? Right Ans - Shipping
times
Which of the following requires the exporting country to provide additional
economic benefits as part of the transaction? Right Ans - Countertrade
Which tactic for dealing with importers includes using economic and
noneconomic arguments to support particular policies? Right Ans -
Convincing decision makers
The U.S. and South Korea sign a preferential trade agreement to increase free
trade between the two countries. This illustrates a benefit of which of the
following types of integration? Right Ans - Bilateral integration
Which of the following best demonstrates an example of a regional trade
agreement? Right Ans - The continent of North America establishes a free
trade agreement.
Which of the following describes the approach of countries that run favorable
balances of trade to achieve a social or political objective? Right Ans -
Neomercantilism
A country that imports more than it exports is said to have what? Right Ans
- Trade deficit
Today, how are differences in trade balances paid off? Right Ans - 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?
Right Ans - 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? Right Ans -
Specialization and acquired advantages
Which phase of the product life cycle is likely to see a shift in exports markets?
Right Ans - Growth
Which of the following is NOT an important feature for competitive
superiority under the diamond of national competitive advantage theory?
Right Ans - Sales conditions
Which of the following is an effect outward migration on countries? Right
Ans - Brain drain
Which of the following is an alternative to trade that might or might not be a
more efficient use of resources? Right Ans - Factor movement
The protectionism theory that says a government should protect emerging
industry from foreign competition is known as what? Right Ans - Infant
industry argument
A country that has a high gross domestic product generally has which of the
following? Right Ans - A large manufacturing base
, Which of the following is NOT an assumption made by developing countries
when trying to develop a manufacturing base? Right Ans - 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? Right
Ans - Industrialization argument
Which of the following is considered a noneconomic rationale for government
intervention in trade? Right Ans - Promoting spheres of influence abroad
Which of the following can affect the price or quantity of an import? Right
Ans - Nontariff barriers
Which of the following represents a form of direct assistance to local
companies to boost competitiveness? Right Ans - Subsidies
Which of the following would NOT be an opportunity created by
governmental trade policies to discourage trade? Right Ans - Shipping
times
Which of the following requires the exporting country to provide additional
economic benefits as part of the transaction? Right Ans - Countertrade
Which tactic for dealing with importers includes using economic and
noneconomic arguments to support particular policies? Right Ans -
Convincing decision makers
The U.S. and South Korea sign a preferential trade agreement to increase free
trade between the two countries. This illustrates a benefit of which of the
following types of integration? Right Ans - Bilateral integration
Which of the following best demonstrates an example of a regional trade
agreement? Right Ans - The continent of North America establishes a free
trade agreement.
