1)Taobao, an Alibaba company, is a Chinese online shopping website, similar to Amazon or eBay

1)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.

a.importing

b.exporting

c.countertrading

d.licensing

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

a.tariffs.

b.trade deficits.

c.bills of lading.

d.currency devaluation

3 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.

a.trading company

b.totally owned facility

c.joint venture

d.direct investment

4 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?

a.To protect the health of citizens

b.To equalize the nation's balance of payments

c.To protect national security

d.To protect domestic jobs