Integrating Global,regional,and National Markets

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Questions Bank

Understanding Global Markets and Marketing
Assessing the Global Marketing Environmentthe Global Economy and Technology
Evaluating Cultural and Social Environments
Analyzing Political and Legal Environments
Integrating Global,Regional,and National Markets
Conducting Marketing Research
Selecting International Markets
Entering Global Markets
Segmenting,Targeting,and Positioning for Global Markets
Developing Global Products and Brands
Setting Global Prices
Global Placement and Distribution Channels
Launching Global Communication and Advertising
Using Social Media for Global Marketing
Designing and Controlling Global Marketing Systems
Defining Ethics and Corporate Social Responsibility in the International Marketplace

All Questions

Question 1

Free

Multiple Choice

A tax on imported goods is called a ___________________ .

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tariff

quota

subsidy

barrier

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Question 2

Free

True/False

Because members of the European Union have agreed both to free trade and the free movement of labor and capital,protectionism in the EU is non-existent.

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True

False

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Question 3

Free

True/False

Most economists support trade liberalization in a globalized world.

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True

False

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Question 4

Free

Multiple Choice

Which of these would be considered a non-tariff barrier?

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A marking duty assessed to cover costs of marking imported goods with the country of origin.

The EU ban on hormone-treated beef from the United States.

A 30% tax on Japanese steel entering the United States.

The US government collects 51 cents for every imported wristwatch.

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Question 5

Free

Multiple Choice

Quotas are defined as ___________________ .

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limits on the amount of currency that can be allowed to leave the country

taxes levied on exports

limits on the amount of goods that can be imported into a country

taxes levied on imported products

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Question 6

Multiple Choice

The American Trade Agreements Act of 1979 requires that _____________________ .

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the U.S. government agencies only purchase goods made in America

the government subsidize all U.S. manufacturers producing defense-related equipment

the United States comply with all trade agreement proposals initiated by the World Trade Organization

the U.S. government agencies buy products that undergo substantial transformation or final assembly in the United States or one of 30 approved countries

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Question 7

Multiple Choice

Global and regional trade agreements differ in that ______________________________________ .

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global trade agreements allow many countries to trade free from most restrictions, while regional agreements lower barriers among members, but not non-members

global trade agreements provide restriction-free trade opportunities for all nations, while regional agreements limit trade barriers for developing nations only

global trade agreements encompass all product and service categories, while regional agreements are specific to certain industry classifications

global trade agreements lower trade barriers only for those countries that are part of the WTO

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Question 8

True/False

The World Trade Organization's 2003 Cancun Conference successfully came to agreement on most of their agenda's trade issues.

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True

False

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Question 9

Multiple Choice

Trading blocs and customs unions have resulted in all of the following circumstances except ________________ .

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a concentration of trade within regions rather than globally

the retention of flexibility over which sectors of industry to liberalize and which issues to negotiate

the removal of trade barriers between member countries

a shift from regional to global trade agreements

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Question 10

Multiple Choice

Preferential trading terms among members,lower-cost access to member country markets,and the ease of harmonizing market standards regionally are all rationale for ________________ .

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the reduction in new regional trade agreements

the success of the World Trade Organization

the rise of regional integration movements

the increase in non-tariff barriers

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Question 11

True/False

Foreign trade flows are concentrated in the developing countries.

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True

False

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Question 12

Multiple Choice

The Triad nations include _______________________________ .

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the United States, Japan and the European Union

the United States, the European Union and China

the United States, Canada and Mexico

Taiwan, Russia, India, America and Dubai

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Question 13

True/False

Hank Paulson and Ben Bernanke's 2006 visit to China resulted in a reduction of China's trade surplus with the U.S.

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True

False

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Question 14

Multiple Choice

The fastest growing regional economy in the world is _______________ .

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the European Union

Asia

the United States

the Middle East, due largely to oil revenues

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Question 15

True/False

The economic crisis of 2008/2009 resulted in negative growth for most developed nations.

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True

False

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Question 16

True/False

NAFTA is an example of a customs union.

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True

False

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Question 17

True/False

The fact that EFTA does not operate with a common currency has put its member nations at a comparative economic disadvantage to the nations of the European Union.

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True

False

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Question 18

True/False

A European Single Market was established when the EU and EFTA created the European Economic Area in 1994.

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True

False

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Question 19

True/False

Custom unions possess the provisions of free trade areas as well as a common external tariff barrier for member countries.

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True

False

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Question 20

Multiple Choice

Common markets ____________________________ .

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offer free movement of people, but not capital

have a common established currency

include all the provisions of a customs union plus the free movement of people and capital

include all the provisions of free-trade areas plus the free movement of people and capital

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