This quiz assesses understanding of business operations in a global context, focusing on trade dynamics, economic implications, and cultural influences on international trade. It is designed to enhance learners' comprehension of global economic activities and their complexities.
True
False
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True
False
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Educational system
System of local government
Transportation, communications, utility systems
Legal system
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Geography
Economic development
Political and legal concerns
Cultural influences
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Quota
Tariff
Embargo
Deficit
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Exports
Imports
Tariffs
Trade balances
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True
False
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Interest rate
Import
Absolute advantage
Comparative advantage
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Imports
Exports
Deports
Quotas
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Embargo
Quota
Tariff
Trade deficit
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Quota
Tariff
Commparative advantage
Export
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True
False
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Licensing
Franchising
Proprietorship
Joint venture
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National debt
Foreign debt
Trade deficit
Balance of payments
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An embargo
A free trade zone
Free trade agreement
A common market
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True
False
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True
False
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Trade surplus
Trade deficit
Quota
Tariff
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Trade deficit
Trade surplus
Embargo
Interest rates
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Milk
Oil
Coffee
Silk
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True
False
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Absolute advantage
Comparative advantage
Trade deficit
Trade surplus
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Absolute advantage
Comparative advantage
Quota
Embargo
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Saudi Arabia in fresh fish production
Honduras in banana production
Canada in rice production
Norway in orange and pineapple production
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True
False
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An increased US trade deficit
Higher US interest rates
Lower US inflation
Saudi Arabia doubles the price of the oil it sells the US
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International Monetary Fund - IMF
World Trade Organizations -WTO
World Bank
European Union
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True
False
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Pizza Hut restaurants in Japan sell pizza with squid toppings
The formula for Coke is the same no matter where in the world its sold
Advertising for womens underwear does not feature live models in Muslim countries to avoid offending religious sensibilities
All of the above are global strategies
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Quiz Review Timeline (Updated): Mar 21, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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