Question 1

The nation of Redland reported that their imports for the previous year were $4 billion greater than its exports.During the same period,Redland reported a favourable balance of payments.This information suggests:

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Question 2

Canada in 2009 registered its first favourable balance of trade with the rest of the world.

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Question 3

Export trading companies assist businesses in getting paid for export transactions.

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Question 4

Buying permanent property and businesses in foreign nations is known as what?

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Question 5

Which of the following is a disadvantage of foreign investment in Canada?

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Question 6

Countries enjoying high growth rates and rapid increases in living standards are known as emerging economies.

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Question 7

The country where a subsidiary firm is located is known as what?

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Question 8

Franchising is popular both domestically and internationally.

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Question 9

In measuring the effectiveness of global trade,countries look at the balance of trade and GDP.

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Question 10

An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.

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Question 11

Many countries use _______policies as a way to protect their domestic industries from unfair foreign competition.

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Question 12

OPEC is an example of a cartel.

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Question 13

Which of the following terms describes a long-term partnership between two or more companies intended to help each firm build competitive market advantages? This arrangement does not call for the firms to share costs,risks,or management.

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Question 14

Today there are _______instances of absolute advantage in global markets.

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Question 15

The only deposits of a rare mineral known as shozet are found in the nation of Swanland.Since no other nation has deposits of shozet,Swanland has a(n)_______in the production of this mineral.

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Question 16

The European Union created a single monetary unit to replace the national currencies of eighteen member nations.This new common currency is known as the:

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Question 17

As a firm increases its FDI,it may do what?

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Question 18

A company owned in a foreign country by the parent company is known as what?

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Question 19

Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:

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Question 20

Which of the following represents the value of one nation's currency relative to the currencies of another country?

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Quiz 3: Competing in Global Markets