BUSI 311 CHAPTER 5 & 6 QUESTIONS AND ANSWERS
EXAM LATEST UPDATE.Buy Quality Materials!
What principle advocated that governments should actively shield domestic
industries from imports and vigorously promote exports?
a.
Factor endowment
b.
Absolute advantage
c.
Comparative advantage
d.
Protectionism
d. Protectionism
Which of the following is a primary cost of FDI to host countries?
a.
Capital inflow
b.
Loss of sovereignty
c.
Increase in competition between local firms
d.
Capital and job loss
b. loss of sovereignty
The resource-based view argues that internalization is a response to the
imperfect rules governing international transactions.
Select one:
True
False
False
Which of the following political views treats FDI as an instrument of imperialism
and as a vehicle for exploitation of domestic resources by foreign capitalists and
firms?
a.
The free-market view
b.
The radical view
c.
Pragmatic nationalism
d.
The monopolistic view
b. the radical view
The radical view treats FDIs as an instrument of imperialism.
Select one:
, True
False
True
Which of the following are politically motivated trade sanctions against foreign
countries to signal displeasure?
a.
Antidumping duties
b.
Voluntary export restraints (VERs)
c.
Subsidies
d.
Trade embargoes
d. Trade embargoes
By trying to be self-sufficient and producing a wide range of goods, what type of
policies reduce the wealth of a nation in the long run?
a.
Mercantilist
b.
Free trade
c.
Laissez faire
d.
Absolute advantage
a. Mercantilist
Import quotas are a type of _____.
a.
nontariff barrier
b.
tariff barrier
c.
voluntary export restraint
d.
antidumping duty
not b
Which of the following was the first international trade theory to account for
changes in the patterns of trade over time?
a.
Product life cycle theory
b.
Absolute advantage theory
c.
Comparative advantage theory
d.
Factor endowment theory
a. Product life cycle theory
EXAM LATEST UPDATE.Buy Quality Materials!
What principle advocated that governments should actively shield domestic
industries from imports and vigorously promote exports?
a.
Factor endowment
b.
Absolute advantage
c.
Comparative advantage
d.
Protectionism
d. Protectionism
Which of the following is a primary cost of FDI to host countries?
a.
Capital inflow
b.
Loss of sovereignty
c.
Increase in competition between local firms
d.
Capital and job loss
b. loss of sovereignty
The resource-based view argues that internalization is a response to the
imperfect rules governing international transactions.
Select one:
True
False
False
Which of the following political views treats FDI as an instrument of imperialism
and as a vehicle for exploitation of domestic resources by foreign capitalists and
firms?
a.
The free-market view
b.
The radical view
c.
Pragmatic nationalism
d.
The monopolistic view
b. the radical view
The radical view treats FDIs as an instrument of imperialism.
Select one:
, True
False
True
Which of the following are politically motivated trade sanctions against foreign
countries to signal displeasure?
a.
Antidumping duties
b.
Voluntary export restraints (VERs)
c.
Subsidies
d.
Trade embargoes
d. Trade embargoes
By trying to be self-sufficient and producing a wide range of goods, what type of
policies reduce the wealth of a nation in the long run?
a.
Mercantilist
b.
Free trade
c.
Laissez faire
d.
Absolute advantage
a. Mercantilist
Import quotas are a type of _____.
a.
nontariff barrier
b.
tariff barrier
c.
voluntary export restraint
d.
antidumping duty
not b
Which of the following was the first international trade theory to account for
changes in the patterns of trade over time?
a.
Product life cycle theory
b.
Absolute advantage theory
c.
Comparative advantage theory
d.
Factor endowment theory
a. Product life cycle theory
