Homework answers / question archive / John tyler university Chapter 3 – Mindtap Assignment 1)Since World War II international trade has ____________

John tyler university Chapter 3 – Mindtap Assignment 1)Since World War II international trade has ____________

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John tyler university

Chapter 3 – Mindtap Assignment

1)Since World War II international trade has ____________.

 

 

 

 

2. Licensing is perhaps the easiest method of entering into international trade. Another method of entering international trade, which can be relatively low risk, is exporting which opens several levels of involvement to company.

 

3. There are many reasons for imposing trade restrictions, howeve___________________ is not one of them.

 

4. Temporary trade restrictions may be used to give a new business a ________________.

 

5. The economies of_______________ and _____________ are the most dynamic, efficient, and most integrated in the world.

 

6. According to the International Monetary Fund (IMF), ______________exports are growing annually. This region is home to 11 Free Trade Area countries.

 

7. The primary function of international economic organizations such as the World Trade Organization (WTO) is _____________________

 

8. The ________________, also known as the Common Market, is now an economic force to be recognized by even the most advanced economies such as of the United States and Japan.

 

9. The ___________ a federal agency, helps U.S. firms develop export promotion programs and gives assistance in competing in foreign markets by coordinating trade missions in foreign countries.

 

10. As trade has expanded internationally, many ________ have also become international in scope and have established branches in major cities around the world. This gives them the ability to provide their financial services where and when they are needed.

 

11. While international trade is as logical as interstate trade, some nations restrict imports of certain goods for a variety of reasons. The United States recently restricted the import of fresh tomatoes from Mexico. Why did the United States restrict the imports of tomatoes?

 

12. There are several methods for entering international trade. Which of the following is not a method for entering international trade?  
13. Nations may impose barriers to trade. Which of the following is not a barrier to trade?

 

14. The exporting trade in the United States has had a significant impact on the U.S. economy. In 2016, exports accounted for 11 million jobs—an increase of 3.3 million jobs since the 2009 recession. Which of the following is true about the impact of U.S. exports on the global economy?
15. The United States has the largest economy. Which nation has the second largest economy and represents the largest annual bilateral trade relationship with the United States?

 

16. The United States is a party to many trade agreements and international trade organizations. Which of the following trade organizations does not have the United States as a member?

 

17. Which of the following is incorrect about the General Agreement on Tariffs and Trade (GATT)?  

 

18. What is the name of one of the United States federal agencies created to assist U.S. firms in developing export-promotion programs?
19. Which government agency could possibly provide a loan of up to $5 million to a small U.S. business that needed a short-term loan to start an export business?

 

Chapter 3 Video Quiz

1. Alibaba formed a partnership with Indian mobile wallet company, Paytm, to set up an online gaming company. This ______________is Alibaba's first significant international expansion.

 

2. Taobao has been placed on the U.S. Trade Representative office's blacklist of "notorious marketplaces" due to the website's sale of counterfeit products and violations of intellectual property rights. If this led the U.S. to enact trade restrictions on the import of specific products from China, which of the following would they likely site as a reason?

 

3. Taobao, an Alibaba company, is a Chinese online shopping website similar to Amazon or eBay. When Alibaba goes public, Taobao shop owners will be able to sell their goods to customers in the U.S. and other countries. Taobao shop owners will be __________ their goods to other countries.

 

4. Products sold on Alibaba's website to foreign countries may be subject to taxes, or _______________.