Wednesday, March 7, 2012

Can someone please help me with this test, I was just robbed and have one hour to complet but cant concentrate?

Can someone please help me with this test, I was just robbed and have one hour to complet but cant concentrate?
I went to sell something off craigslist and the person snagged my touch phone out of my hands and ran , now I owe this test and I cant even concentrate, I can barely even look at the screen without crying, I have no money left and am so hungry. 1. (TCO 3) The value of goods imported into France exceeds the value of French exports. This indicates that France: (Points: 1) will experience an exchange rate decrease utilizes high tariffs will incur a budget deficit has a balance of trade deficit 2. (TCO 3) The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, and military expenditures is referred to as the: (Points: 1) balance of payments balance of trade balance of money flows exchange rate 3. (TCO 3) Country A is an extremely efficient producer of tin. However, its climate and terrain make it difficult to produce corn. According to the theory of comparative advantage, Country A should: (Points: 1) produce both tin and corn in order to remain self-sufficient watch the global market to see which product is bringing the highest price import the resources needed to produce corn concentrate its production on tin and buy corn from an efficient producer 4. (TCO 3) The U.S. government has announced a five-million-pound annual limit on beef imported from Argentina. This type of trade restriction is called a(n): (Points: 1) embargo revenue tariff import quota export cap 5. (TCO 1) Casey is typical of many U.S. businesspeople. Casey feels the U.S. culture defines the model for the rest of the world, and that the American way of doing things is the best. Casey is guilty of: (Points: 1) ethnic plagiarism ethnocentricity culture shock counter culture 6. (TCO 3) Hennessy Hardware, a U.S. retailer, buys much of its inventory from Asian countries. Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports (Points: 1) rose fell remained constant floated unpredictably 7. (TCO 3) Firms such as McDonald's, Pizza Hut, and KFC have entered the global market by offering investors the opportunity to set up: (Points: 1) licensed trade offices independent exporting houses multinational subsidiaries franchises 8. (TCO 3) Pepsi Cola has entered into a long-term contract with a South African beverage business. The contract calls for the South African firm to produce and market Pepsi Cola in South Africa. Pepsi will receive a royalty on each case of soda sold. This is an example of: (Points: 1) licensing a joint venture a foreign subsidiary foreign direct investment 9. (TCO 1) A form of foreign direct investment, in which a domestic company purchases a company in a foreign country to produce a similar product or service is a: (Points: 1) licensor joint venture foreign subsidiary host company 10. (TCO3) The concept of free trade means: (Points: 1) buyers and sellers contract with each other and offer some goods at no cost goods and services can be traded freely across borders without political and/or economic barriers there is no exchange of currency for these products there is no exchange of currency, but the trading partners determine the value of the product and perform a bartering process to exchange goods 11. (TCO 3) Monique's Unique Tile Boutique offers decorative tile from around the world. The owner regularly travels overseas to locate the best and most unusual tile that foreign producers have to offer. Monique participates in _____________ (Points: 1) importing licensing dumping exporting 12. (TCO 3) __________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries (Points: 1) Comparative advantage Absolute advantage Complete advantage Dumping advantage 13. (TCO 3) __________ occurs when a country has a monopoly on producing a product, as with an abundant source of natural resources, or is able to produce it at a cost well below that of all other countries (Points: 1) Comparative advantage Absolute advantage Complete advantage Dumping advantage 14. (TCO 3) The federal government created ___________ to help small and medium sized businesses get involved in exporting (Points: 1) the World Trade Organization Federal Export Loan Banks Export Assis
Economics - 1 Answers
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You'll have better luck posting a question rather than your homework assignment for someone else to do for you.



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