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Basic Knowledge

Top exporter of goods is:
USA
China
Top exporters of services is:
USA
China
Which of the following is the largest in a trade deficit?
Imports
Exports
Protectionism is the idea that government is protecting domestic jobs
True
Fasle
Enjoying and not sharing an advantage is often made by:
Unethical firms
Company who has a monopoly
First-movers
Deadweight loss happens because of:
Loss on default products
Unsold items
Tariffs
Logistic costs
Anti-dumping duties help:
Exporting companies
Importing companies
Domestic companies
MNEs
An operation with shared ownership by several domestic or foerign companies is often called a:
Foreign portfolio Investment
Foreign Direct Investment
Joint venture
Multinational entreprise
Project
Explicit knowledge is:
Codifiable
Non codifiable
Access to international quality products and brands is a:
Benefit of FDI for suppliers
Benefit of FDI for consumers
Benefit of FDI for workers
Each FDI is subject to a registration and approval process. (this is an example of: )
Verification of conformity
Regulations approvals
Case-by-case approvals
Mandatory in all the countries who are members of the WTO
 
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