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BUS 508 Exam 2: International Business, Entrepreneurship, and Economic Concepts

An exam covering international business and economic concepts.

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BUS 508 Exam 2: International Business, Entrepreneurship, and EconomicConceptsBUS 508 EXAM 2 WEEK 5 Question 1 Oneeffect of the North AmericanBUS 508 EXAM 2 WEEK 5Question 1One effect of the North American Free Trade Agreement (NAFTA) is:Answeran increase in trade among the NAFTA member nationsan increase in the number of low-wage jobs in the United Statesa decrease in trade among NAFTA member nationsan increase in trade restrictions among the member nationsQuestion 2A country raises the tariff on imported cheese in order to increase its price above the price ofdomestically produced cheese. This is an example of ________.Answeran exchange controlan import quotaa protective tariffdumpingQuestion 3A trade deficit occurs when ________.Answerimports are sold at low profitsforeign-aid payments exceed exportsimports exceed exportsthere is a net flow of money into a countryQuestion 4Los Angeles-based PMI Telecom purchases cell phones manufactured in Asia and sells them inthe United States. PMI is engaging in the international business activity known as ________.AnswerexportingimportingcountertradedumpingQuestion 5Dumping _________ domestic consumers and _________ domestic producers.

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Document Details

University
Strayer University
Course
BUS 508
Subject
Business Management

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