INTB 200

Drexel University

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INTB 334 Midterm Exam Problem Sets (1 & 2) Questions Fully Solved.
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Currently, which of the following countries is the world's largest exporter of goods and services (in dollar volume)? - Answer China Which of the following transactions is NOT a trade flow? - Answer domestic residents' purchases of foreign stocks and bonds If the value of a nation's imports is more than the value of its exports, then the nation is experiencing: - Answer a trade deficit What entries are used to calculate a country's bilateral trade balance? - Answer ...
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INTB 200 (76-100) Final Exam Questions And All Correct Answers.
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Which company is contributing to the global tragedy of the commons? A) a firm exploiting the weak employment standards in a host nation B) a firm dumping its chemical wastes directly into a river C) a firm exploiting the weak intellectual property rights in a developing nation D) a neighboring country opposing the introduction of a free trade area E) a country denying its citizens basic human rights - Answer a firm dumping its chemical wastes directly into a river The result of the ...
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INTB 200 Midterm Exam Questions With Correct Verified Solutions.
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International Business - Answer business activities of public and private enterprises that involve the movement of goods, services or resources across national boundaries (raw materials, capital, and people) Foreign Business - Answer the operations of a firm outside of its domestic or home market International Company - Answer a company with operations in more than one nation Factors that Influence Globalization - Answer 1. Political Climate 2. Technology 3. Markets 4. ...
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INTB 200 Midterm Exam Questions With Correct Detailed Solutions.
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Globalization - Answer The shift towards a more integrated and interdependent world economy Globalization of Markets - Answer The merging of historically distinct and separate national markets into one huge marketplace World Trade Organization (WTO) - Answer Polices the world trading system, promotes lower barriers to trade and investment International Monetary Fund (IMF) - Answer Maintains order in the international monetary system, lends money only in times of crisis Wo...
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INTB 200 Final Exam Questions With Already Solved Solutions.
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European Free Trade Association (EFTA) - Answer Norway, Iceland, Liechtenstein, and Switzerland North American Free Trade Agreement (NAFTA) - Answer U.S., Canada, Mexico Credited with helping create increased political stability in Mexico Andean Community - Answer Bolivia, Columbia, Ecuador, Peru MERCUSOR - Answer Brazil, Argentina, Paraguay, Uruguay Originated in 1988 as a free trade pact between Brazil and Argentina Expanded in 1990 to include Paraguay Expanded in 200...
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INTB 200 Drexel University Study Guide Exam Set Questions And Actual Answers.
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The three tarrif methods - Answer Specific, Ad Valorem, Compound Specific Tariff - Answer Fixed fee on one unit of imported good Ad Valorem Tariff - Answer % of commercial invoice value Compound Tariff - Answer Both specific and ad valorem combined (fixed and %) Three Monetary Barriers to trade - Answer Differencial exchange rates, blocked currency, goverment approval Differencial Excange Rate - Answer Barrier to trade: encourages the importaion of desired goods ...
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Economic Systems Exam Questions And Correct Answers.
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An economy that is centrally operated by the government, which prohibits personal property, decides what is made, and controls prices and supplies. The government owns all of the property and tries to promote equality. There is no profit incentive. - Answer Command economy Why are command economies inefficient? - Answer There is no profit incentive and no competition. Citizens can't get a raise or be fired, so there is little incentive to innovate, to create new products, or improve ...
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Drexel INTB 200 Final Review Exam And Accurate Answers .
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Regional Economic Integration - Answer agreements between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods, services, and factors of production between each other Levels of Regional Economic Integration - Answer 1. Free Trade Area 2. Customs Union 3. Common Market 4. Economic Union 5. Political Union Free Trade Area - Answer eliminates all barriers to the trade of goods and services among member countries ex. NAFTA: US, Canad...
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