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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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