B2B Ch 7-11

Topics: International trade, World Trade Organization, Foreign exchange market Pages: 4 (599 words) Published: November 23, 2010
Question 1 1 points Save
Which of the following is NOT a part of VRIO?
a. Value
b. Resources
c. Imitability
d. Organization

Question 2 1 points Save
Small and medium-sized enterprises (SMEs) account for ____ percent of the number of firms worldwide.
a. 50
b. 95
c. 12
d. 80

Question 3 1 points Save
The most (in)famous loophole in merchandise trade created through GATT was: a. TRIPS
b. NTB
c. MFA
d. MBA

Question 4 1 points Save
What is the "law of one price," where the price for identical products in different countries should be the same if trade barriers are absent?
a. Purchasing power parity
b. Fixed exchange rate policy
c. Balance of payments
d. Currency swap

Question 5 1 points Save
Which of the following would most likely foster more entrepreneurship?
a. Individualistic and high uncertainty-avoidance
b. Collectivistic and high uncertainty-avoidance
c. Collectivistic and low uncertainty-avoidance
d. Individualistic and low uncertainty-avoidance

Question 6 1 points Save
Which of the following was established within 12 countries of the EU?
a. A passport free travel zone (Schengen)
b. Free flow of capital
c. Free flow (migration) of labor
d. All of these answers

Question 7 1 points Save
Which is NOT one of the primary types of foreign exchange transactions?
a. Swaps
b. Direct transactions
c. Spot transactions
d. Forward transactions

Question 8 1 points Save
Which of the following most accurately defines the term China price?
a. The industry name given Chinese exports because of their quality and price. b. The unnaturally low price Wal-Mart is able to offer because of heavy reliance on inexpensive imported goods. c. The stringent regulations...
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