Chapter Quiz
Global Trade Knowledge Quiz
Test your understanding of global trade dynamics and concepts with our engaging quiz! Dive into questions about exports, protectionism, and international market strategies.
You'll learn about:
- Top exporters of goods and services
- Comparative vs. competitive advantage
- The effects of tariffs and anti-dumping duties
Top exporter of goods
USA
China
Top exporter of services
USA
China
Which of the following results in the largest trade deficit?
Imports
Exports
Protectionism is the idea that the government is protecting jobs
True
False
Enjoying and not sharing an advantage is often made by:
Unethical firms
First-movers
Deadweight loss happens because of:
Loss on default products
Unsold items
Tariffs
Logistic costs
Anti-dumping duties help:
Exporting companies
Importing companies
MNEs
Domestic companies
Imagine China can produce 20 cars and 40 aircrafts. Meanwhile, the US can produce 30 Cars and 80 Aircrafts. In this case, China has a(n):
Comparative advantage in producing aircrafts
Competitive advantage
Comparative advantage in producing cars
Absolute advantage
An operation with shared ownership by several domestic or foreign companies is often called:
Joint Venture
Foreign Direct Portfolio
Foreign Direct Investment
Multinational Enterprise
The OLI paradigm stands for:
Operations; Location; Internationalization
Organization; Logistics; Integration
Ownership; Location; Internalization
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