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Exam 5: International Environment

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Question 41

Multiple Choice

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Which of the following terms means that prices of currencies vary based upon demand and supply of that currency?

A) variable trade
B) the international trade rate
C) the floating exchange rate
D) variable costs

E) A) and B)
F) A) and C)

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Question 42

Multiple Choice

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The World Trade Organization (WTO) is best described by which of the following?

A) It includes all of the countries that signed the Uruguay Round.
B) It is controlled by the United States.
C) It has emerged as the world's most powerful institution for reducing trade barriers and opening markets.
D) It does not yet have an effective dispute settlement procedure but will before the year 2018.

E) C) and D)
F) None of the above

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Question 43

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Having a global vision simply means having a willingness to sell outside one's national borders if, and when, the opportunity arises.

When a French company brings its patents on digital telephone switches, and Bell Canada provides the marketing know-how to a business relationship, which of the following arrangements is occurring?

Which of the following is one of the advantages associated with multinational corporations?

Exports create which of the following for the Canadian economy?

Imagine you are trying to gather the information needed to calculate the balance of payments for an Eastern European country. To do your calculations, you would need to have information on which of the following?

Which of the following is described by the fact that Algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports?

Which of the following is part of a nation's infrastructure?

Which of the following countries are in the Mercosur free-trade zone?

A country that imports more goods than it exports is said to exhibit which of the following?

Which of the following is defined as the difference in value of a country's exports and imports over a period of time?

The most fundamental reason for the growth in world trade is probably due to which of the following?

What three countries were the initial signers of the North American Free Trade Agreement?

By using split-run magazines (modifying the U.S. editions so they contain Canadian ads) , U.S. magazine publishers can offer lower rates to advertisers and sell the magazines for less money than Canadian publishers can. According to the CMPA, the U.S. magazine publishers are engaged in which of the following?

What are the benefits associated with free trade and globalization?

Developed nations account for what percentage of world trade?

The United States accounts for what percentage of Canada's exports?

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency, usually a central bank?

Canada buys copper from Chile's Escondido copper mine. The copper is used to make wiring for the Canadian telecommunications industry and for many other purposes. For Canada, the copper is an example of which of the following?