Busi 303: chapter 3 Questions and Correct Answers.

means by which governments can block open trade within a country's borders. these requirements can hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses. - Answer local content requirements most US states have developed special government agencies to partner with constituent companies to do business overseas - Answer true provides a minimum protection of property rights that are independent of the nation in which the work was originated. the agreement made protects the artistic domain of authors in regards to literary works - Answer Berne Convention Impose a waiting period between the determination of a product's quality and when it can be sold - Answer administrative delays custom officials determine which nations will be allowed to import goods into the domestic system while denying other nations because no room exists for their products - Answer true is essential to comprehend how various organizations including the UN, the World Trade Organization and the World Bank classify nations - Answer Human Development Index which of the following is NOT a way that governments promote trade - Answer import financing the Whopper index is often used as an example for PPP... - Answer false special privileges offered by the government in order to attract businesses to a region or to provide them with the funding to operate - Answer subsidies protect specific signs and trademarks that distinguish specific goods and services from other goods and services - Answer industrial property rights type of transaction requires extra time and energy to make sure that buyers are reliable and creditworthy. a company increases payment time when it sells and ships a product overseas - Answer Export Financing