POD Review 3: Question Preview (ID: 25862)


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India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier?
a) Quotas b) Embargoes c) Free-trade zone d) Political and legal concerns
Syria is banned from selling products within other countries. This is an example of which international trade barrier?
a) Free Trade b) Franchising c) Embargoes d) World Trade Organization
Laos has limited infrastructure that will hinder international businesses to conduct transactions in it. This country depends heavily on the agricultural industry. Which main factor is this information about this country classified?
a) Cultural influences b) Economic development c) Political stability d) Geography
The government of the United States allows consumers to make decisions about goods and services consumed. Which main factor of the international business environment is this information about this country classified?
a) Free-trade agreement b) Common markets c) Political stability d) Political and legal concerns
Due to the high volume of travelers visiting the United Kingdom, the country has set up duty-free shops in highly visited areas. This is an example of which encouragement of international trade?
a) Free-trade zone b) Free Trade Agreement c) Political Stability d) Absolute
If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange?
a) Political and legal concerns b) Political stability c) Free-trade agreement d) Common markets
Which statement is true about balance of payment?
a) Political and legal concerns b) Cultural influences c) Balance of payments is favorable when a country receives more money into it than it pays out. d) World Trade Organization
Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
a) Free-trade agreement b) Cuba bans American products to be sold within its country. This is an example of which international trade barrier? c) Free-trade agreement d) Quotas
Several Prime Ministers of East African countries are negotiating the trade of products and services throughout the Eastern region. This is an example of which encouragement of international trade?
a) Common markets b) Free Trade Agreements c) World Trade Organization d) Elaborate Get Rich Quick Schemes
While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?
a) Political and Legal Concerns b) Cultural influences c) Political Stability d) Free Trade Agreements
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