Professional Documents
Culture Documents
Intro To Business Quiz 3
Intro To Business Quiz 3
Intro To Business Quiz 3
Course
Test
Started
Submitted
Status
Attempt Score
Time Elapsed
Instructions
Nelson Mejias
Introduction to Business - WI15
Chapter 03: Multiple Choice Quiz
2/19/15 11:29 AM
2/19/15 11:34 AM
Completed
20 out of 20 points
5 minutes
Question 1
1 out of 1 points
By requiring products to be sold for not less than their production cost, the
United States is attempting to prohibit
Selected Answer:
dumping.
Correct Answer:
dumping.
Question 2
1 out of 1 points
natural
Correct Answer:
natural
Question 3
1 out of 1 points
Comparative
Correct Answer:
Comparative
Question 4
1 out of 1 points
importing.
Correct Answer:
importing.
Question 5
1 out of 1 points
European Union
Correct Answer:
European Union
Question 6
1 out of 1 points
Balance of trade
Correct Answer:
Balance of trade
Question 7
1 out of 1 points
Which of the following buys products in one country and sells them to
buyers in another country?
Selected Answer:
Trading company
Correct Answer:
Trading company
Question 8
1 out of 1 points
surplus
Correct Answer:
surplus
Question 9
1 out of 1 points
infrastructure
Correct Answer:
infrastructure
Question 10
1 out of 1 points
___ refers to the ratio at which one country's currency can be converted
into another country's currency.
Selected Answer:
Exchange rate
Correct Answer:
Exchange rate
Question 11
1 out of 1 points
If the United States wanted to reduce the cost of its goods in foreign
markets, it could
Selected Answer:
Question 12
1 out of 1 points
Question 13
1 out of 1 points
Outsourcing
Correct Answer:
Outsourcing
Question 14
1 out of 1 points
ad valorem tariff
Correct Answer:
ad valorem tariff
Question 15
1 out of 1 points
A(n) ___ restricts the number of units of a product that can be imported.
Selected Answer:
quota
Correct Answer:
quota
Question 16
1 out of 1 points
an embargo.
Correct Answer:
an embargo.
Question 17
1 out of 1 points
cartel.
Correct Answer:
cartel.
Question 18
1 out of 1 points
Dumping
Correct Answer:
Dumping
Question 19
1 out of 1 points
Countertrade
Correct Answer:
Countertrade
Question 20
1 out of 1 points
Until recently, the United States could produce oil-drilling equipment more
efficiently than other countries, and, in a sense, monopolized the industry.
In the market for oil-drilling equipment, the United States had a(n)
Selected Answer:
absolute advantage.
Correct Answer:
absolute advantage.