#1
Which of the following is an example of a trade barrier imposed by a government?
Tariffs
Free trade agreements
Multinational corporations
Comparative advantage
#2
What is the primary purpose of government intervention in international business?
To protect domestic industries
To promote global competition
To reduce unemployment rates
To encourage imports
#3
What is the purpose of an import quota in international trade?
To limit the quantity of imports
To encourage exports
To decrease domestic production
To promote free trade agreements
#4
Which term refers to the practice of selling goods abroad at a price lower than the domestic price?
Export subsidy
Embargo
Dumping
Quota
#5
Which of the following is an example of a government subsidy in international business?
Export tax
Import quota
Cash grants to local producers
Voluntary export restraints
#6
What is the purpose of a voluntary export restraint (VER) in international trade?
To encourage exports
To limit the quantity of imports
To eliminate trade barriers
To promote bilateral agreements
#7
Which organization is responsible for regulating international trade and resolving disputes between member countries?
World Trade Organization (WTO)
International Monetary Fund (IMF)
United Nations (UN)
Organization of the Petroleum Exporting Countries (OPEC)
#8
What is a common objective of government subsidies in international business?
To increase production costs
To discourage exports
To promote innovation and growth
To reduce domestic consumption
#9
What is the main purpose of trade embargoes imposed by governments?
To promote bilateral trade agreements
To increase imports
To restrict trade with specific countries
To eliminate tariffs
#10
Which of the following is NOT a form of government intervention in international business?
Subsidies
Free trade agreements
Quotas
Tariffs
#11
Which of the following organizations provides financial assistance to member countries in times of economic crisis?
World Bank
World Trade Organization
European Union
International Monetary Fund
#12
What is the primary objective of anti-dumping laws in international trade?
To encourage dumping practices
To promote fair competition
To increase imports
To restrict trade
#13
Which of the following is an example of a non-tariff barrier to international trade?
Quotas
Embargoes
Dumping
Licensing requirements
#14
What is the primary goal of protectionist policies in international trade?
To promote economic efficiency
To maximize consumer choice
To shield domestic industries from foreign competition
To encourage specialization
#15
Which of the following is a consequence of government intervention in international business?
Increased market competition
Higher consumer prices
Lower trade barriers
Enhanced economic efficiency
#16
What is the primary purpose of trade agreements between countries?
To increase trade barriers
To restrict imports
To promote economic integration
To discourage specialization
#17
What is the main objective of anti-dumping duties imposed by governments?
To encourage dumping practices
To promote fair competition
To increase imports
To protect domestic industries from unfair competition