DOWNLOAD THE Test Bank for International Marketing 17th Edition Cateora
m m m m m m m m m
Chapter 02 m
mThe Dynamic Environment of International Trad
m m m m m
e
Truem/mFalsemQuestions
1. AftermWorldmWarmII,mthemUnitedmStatesmprovidedmassistancemtomothermcountriesmtomdevelopm
theirmmarketsmandmimprovemglobalmtrademthoughmitmgainedmnomreturnsmonmtheseminitiatives.
True False
2. ThemGATTmbecamempartmofmthemWorldmTrademOrganizationminm1995mwithmthemratificationmo
fmthemUruguaymRoundmagreements.
True False
3. AsmpartmofmthemworldwidemeconomicmgrowthmandmrebuildingmaftermWorldmWarmII,mcountriesm
oncemclassifiedmasmlessmdevelopedmweremreclassifiedmasmunderdevelopedmcountries.
True False
4. Bymthemyearm1971,mthemUnitedmStatesmwasmsellingmmoremtomothermcountriesmthanmitmboughtmfromm
them;mthatmis,mthemUnitedmStatesmhadmamfavorablembalancemofmtrade.
True False
5. ThemOrganizationmformEconomicmCooperationmandmDevelopmentm(OECD)mestimatesmthatmt
hemeconomiesmofmthemdevelopedmworldmwillmexpandmatmmuchmfastermratesmwhenmcompare
dmtomthemdevelopingmeconomies.
True False
2-1
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
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6. Amnation'smbalance-of-
paymentsmstatementmrecordsmallmfinancialmtransactionsmbetweenmitsmresidentsmandmthosemofmthem
restmofmthemworldmduringmamgivenmperiodmofmtime.
True False
7. Inmambalance-of-
paymentsmrecord,mifmthemcreditmandmdebitmoffsetmeachmother,mitmmeansmthatmamnationmisminmparticul
arlymgoodmfinancialmcondition.
True False
8. Themreservesmaccountmismamrecordmofmdirectminvestment,mportfoliominvestment,mandmshort-
termmcapitalmmovementsmtomandmfrommcountries.
True False
9. Whenmforeignmcurrenciesmcanmbemtradedmformmoremdollars,mU.S.mproductsmandmcompaniesmarem
moremexpensivemformthemforeignmcustomermandmexportsmdecrease.
True False
10. Protectionmofmanminfantmindustrymismrecognizedmbymeconomistsmasmamvalidmargumentminmfav
ormofmprotectionism.
True False
11. Amcasemmightmbemmademformthemtemporarymprotectionmofmmarketsmwithmexcessmproductivemcapaci
tymormexcessmlabormwhenmsuchmprotectionmcouldmfacilitatemanmorderlymtransition.
True False
12. Quotas,mboycotts,mmonetarymbarriers,mandmmarketmbarriersmaremexamplesmofmtariffmbarriers.
True False
13. Inmgeneral,mtariffsmdecreaseminflationarympressures.
True False
2-2
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
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14. Tariffsmaremoftenmusedmasmreprisalsmagainstmprotectionistmmovesmofmtradingmpartners.
True False
15. Quotasmstrictlympermitmimportingmonmamcase-by-casembasis.
True False
16. Quotasmaremmoremflexiblemthanmimportmlicenses.
True False
17. Amvoluntarymexportmrestraintm(VER)mismgenerallymimposedmundermthemthreatmofmstiffermquotasmandmt
ariffsmbeingmsetmbymthemimportingmcountrymifmamVERmismnotmestablished.
True False
18. Amgovernmentmboycottmismampartialmrestrictionmagainstmthempurchasemandmimportationmofmce
rtainmgoodsmand/ormservicesmfrommothermcountries.
True False
19. Inmthemcontextmofmblockedmcurrency,mblockagemismaccomplishedmbymrefusingmtomallowmanmimport
ermtomexchangemitsmnationalmcurrencymformthemcurrencymofmthemseller.
True False
20. Itmismmandatorymformimportersmwhomwantmtombuymamforeignmgoodmfrommamforeignmcountrymtomap
plymformambusinessmpermitminmthatmcountry.
True False
21. Anmexchangempermitmissuedmbymamgovernmentmcanmstipulatemanmunfavorablemratemofmexch
angemdependingmonmthemdesiresmofmthemgovernment.
True False
2-3
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
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m m m m m m m m m
22. ThemUnitedmStatesmandmothermcountriesmrequiremsomemproductsmtomcontainmampercentagemofm"
localmcontent"mtomgainmadmissionmtomtheirmmarkets.
True False
23. Antidumpingmlawsmweremspecificallymdesignedmtompreventmforeignmproducersmfromminvestingminmthe
U.S.mmarkets.
True False
24. ThemOmnibusmTrademandmCompetitivenessmActmofm1988mfocusesmonmassistingmbusinessesmtombem
moremcompetitiveminmworldmmarketsmasmwellmasmonmcorrectingmperceivedminjusticeminmtrademprac
tices.
True False
25. ThemOmnibusmTrademandmCompetitivenessmActmgivesmthemU.S.mpresidentmauthoritymtomrestrictmsales
mofmamcountry'smproductsminmthemU.S.mmarketmifmthatmcountrymimposesmunfairmrestrictionsmonmU.S.mp
roducts.
True False
26. Itmismhardermtomobtainmexportmlicensesmformproductsmonmthemexportmcontrolmlistmthanmformthempro
ductsmthatmaremexcludedmfrommthemexportmcontrolmlist.
True False
27. ThemGATTmpanelsmweremformedmtomresolvembilateralmtrademdisputesmandmhavembothmadvisory
mandmenforcementmpowers.
True False
28. ThemdecisionsmtakenmbymthemWorldmTrademOrganizationminmsolvingmtrademdisputesmamongmmem
bersmarembindingmones.
True False
2-4
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
mynursytest.store
m m m m m m m m m
Chapter 02 m
mThe Dynamic Environment of International Trad
m m m m m
e
Truem/mFalsemQuestions
1. AftermWorldmWarmII,mthemUnitedmStatesmprovidedmassistancemtomothermcountriesmtomdevelopm
theirmmarketsmandmimprovemglobalmtrademthoughmitmgainedmnomreturnsmonmtheseminitiatives.
True False
2. ThemGATTmbecamempartmofmthemWorldmTrademOrganizationminm1995mwithmthemratificationmo
fmthemUruguaymRoundmagreements.
True False
3. AsmpartmofmthemworldwidemeconomicmgrowthmandmrebuildingmaftermWorldmWarmII,mcountriesm
oncemclassifiedmasmlessmdevelopedmweremreclassifiedmasmunderdevelopedmcountries.
True False
4. Bymthemyearm1971,mthemUnitedmStatesmwasmsellingmmoremtomothermcountriesmthanmitmboughtmfromm
them;mthatmis,mthemUnitedmStatesmhadmamfavorablembalancemofmtrade.
True False
5. ThemOrganizationmformEconomicmCooperationmandmDevelopmentm(OECD)mestimatesmthatmt
hemeconomiesmofmthemdevelopedmworldmwillmexpandmatmmuchmfastermratesmwhenmcompare
dmtomthemdevelopingmeconomies.
True False
2-1
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for International Marketing 17th Edition Cateora
m m m m m m m m m
6. Amnation'smbalance-of-
paymentsmstatementmrecordsmallmfinancialmtransactionsmbetweenmitsmresidentsmandmthosemofmthem
restmofmthemworldmduringmamgivenmperiodmofmtime.
True False
7. Inmambalance-of-
paymentsmrecord,mifmthemcreditmandmdebitmoffsetmeachmother,mitmmeansmthatmamnationmisminmparticul
arlymgoodmfinancialmcondition.
True False
8. Themreservesmaccountmismamrecordmofmdirectminvestment,mportfoliominvestment,mandmshort-
termmcapitalmmovementsmtomandmfrommcountries.
True False
9. Whenmforeignmcurrenciesmcanmbemtradedmformmoremdollars,mU.S.mproductsmandmcompaniesmarem
moremexpensivemformthemforeignmcustomermandmexportsmdecrease.
True False
10. Protectionmofmanminfantmindustrymismrecognizedmbymeconomistsmasmamvalidmargumentminmfav
ormofmprotectionism.
True False
11. Amcasemmightmbemmademformthemtemporarymprotectionmofmmarketsmwithmexcessmproductivemcapaci
tymormexcessmlabormwhenmsuchmprotectionmcouldmfacilitatemanmorderlymtransition.
True False
12. Quotas,mboycotts,mmonetarymbarriers,mandmmarketmbarriersmaremexamplesmofmtariffmbarriers.
True False
13. Inmgeneral,mtariffsmdecreaseminflationarympressures.
True False
2-2
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
mynursytest.store
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m m m m m m m m m
14. Tariffsmaremoftenmusedmasmreprisalsmagainstmprotectionistmmovesmofmtradingmpartners.
True False
15. Quotasmstrictlympermitmimportingmonmamcase-by-casembasis.
True False
16. Quotasmaremmoremflexiblemthanmimportmlicenses.
True False
17. Amvoluntarymexportmrestraintm(VER)mismgenerallymimposedmundermthemthreatmofmstiffermquotasmandmt
ariffsmbeingmsetmbymthemimportingmcountrymifmamVERmismnotmestablished.
True False
18. Amgovernmentmboycottmismampartialmrestrictionmagainstmthempurchasemandmimportationmofmce
rtainmgoodsmand/ormservicesmfrommothermcountries.
True False
19. Inmthemcontextmofmblockedmcurrency,mblockagemismaccomplishedmbymrefusingmtomallowmanmimport
ermtomexchangemitsmnationalmcurrencymformthemcurrencymofmthemseller.
True False
20. Itmismmandatorymformimportersmwhomwantmtombuymamforeignmgoodmfrommamforeignmcountrymtomap
plymformambusinessmpermitminmthatmcountry.
True False
21. Anmexchangempermitmissuedmbymamgovernmentmcanmstipulatemanmunfavorablemratemofmexch
angemdependingmonmthemdesiresmofmthemgovernment.
True False
2-3
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for International Marketing 17th Edition Cateora
m m m m m m m m m
22. ThemUnitedmStatesmandmothermcountriesmrequiremsomemproductsmtomcontainmampercentagemofm"
localmcontent"mtomgainmadmissionmtomtheirmmarkets.
True False
23. Antidumpingmlawsmweremspecificallymdesignedmtompreventmforeignmproducersmfromminvestingminmthe
U.S.mmarkets.
True False
24. ThemOmnibusmTrademandmCompetitivenessmActmofm1988mfocusesmonmassistingmbusinessesmtombem
moremcompetitiveminmworldmmarketsmasmwellmasmonmcorrectingmperceivedminjusticeminmtrademprac
tices.
True False
25. ThemOmnibusmTrademandmCompetitivenessmActmgivesmthemU.S.mpresidentmauthoritymtomrestrictmsales
mofmamcountry'smproductsminmthemU.S.mmarketmifmthatmcountrymimposesmunfairmrestrictionsmonmU.S.mp
roducts.
True False
26. Itmismhardermtomobtainmexportmlicensesmformproductsmonmthemexportmcontrolmlistmthanmformthempro
ductsmthatmaremexcludedmfrommthemexportmcontrolmlist.
True False
27. ThemGATTmpanelsmweremformedmtomresolvembilateralmtrademdisputesmandmhavembothmadvisory
mandmenforcementmpowers.
True False
28. ThemdecisionsmtakenmbymthemWorldmTrademOrganizationminmsolvingmtrademdisputesmamongmmem
bersmarembindingmones.
True False
2-4
Copyrightm©m2016mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofm McGraw-
HillmEducation.
mynursytest.store
