1.e - yes
2 b - no
3 d - yes
4 b - yes
below are my answers to the following multplile choice questions, please check and correct me if im wrong, thanks :)
1. Which type of firm is more likely to have its board of directors composed of people from many different nations?
Select one:
A. Exporter
B. Purely domestic
C. Importer
D. Joint venture
E. Multinational
2. Tariffs that are imposed strictly to raise money for the government are referred to as ________ tariffs.
Select one:
A. revenue
B. quota
C. subsidy
D. union
E. protectionist
3. Which of the following is correct regarding the levels of foreign involvement a business can exhibit?
Select one:
A. Importing and exporting represent the highest level of involvement in international operations.
B. An international firm conducts a significant portion of its business abroad, and it usually manufactures the vast majority of its products in foreign countries.
C. Exporters and importers tend to conduct most of their business in foreign markets.
D. For multinational firms, the location of its head office is largely irrelevant.
E. Only large companies are exporters.
4. Which of the following best describes a positive trade balance?
Select one:
A. The economic condition in which a country's imports exceed its exports
B. The economic condition in which a country's exports exceed its imports
C. The economic condition in which a country's natural resources exceed its human resources
D. The economic condition in which a country's inflow of money exceeds its outflow
E. The economic condition in which a country's outflow of money exceeds its inflow
my answers:
1.e
2 b
3 d
4 b
4 answers
the only other two tariffs i have learned about are subsidys and protectionists so im assuming it would be subsidy?
ignore that , it would be revenue
1. e
5 answers