MKT 515 Midterm Part 1
A midterm exam assessing marketing strategies and consumer behavior.
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MKT 515 MIDTERM PART 1
Question 1
An evolving trend in international economic activity is the formation of:
Answer
multinational advertising agencies.
multinational insurance agencies.
multinational trading blocs.
multinational purchasing agencies.
multinational courts.
Question 2
A ________________ eliminates all tariffs and barriers to trade among members,
adopts a common set of external tariffs on nonmembers, and removes all restrictions
on the flow of capital and labor among member nations.
Answer
regional market
common market
monetary market
political market
customs market
Question 3
Which of the following is an example of an international trading bloc?
Answer
World Trade Organization.
GATT.
Question 1
An evolving trend in international economic activity is the formation of:
Answer
multinational advertising agencies.
multinational insurance agencies.
multinational trading blocs.
multinational purchasing agencies.
multinational courts.
Question 2
A ________________ eliminates all tariffs and barriers to trade among members,
adopts a common set of external tariffs on nonmembers, and removes all restrictions
on the flow of capital and labor among member nations.
Answer
regional market
common market
monetary market
political market
customs market
Question 3
Which of the following is an example of an international trading bloc?
Answer
World Trade Organization.
GATT.
the World Court in the Hague.
NAFTA.
United Nations
Question 4
The principle goal of a political union is that it:
Answer
can buy goods from one another.
can refuse to buy goods from nonmembers.
can switch to a common currency and a central bank.
gives up all sovereignty among individual members.
no longer recognizes national boundarie
Question 5
The universal reason for forming trading blocs is to:
Answer
bypass tariff restrictions.
bypass legal restrictions.
bypass government controls.
ensure the economic growth and benefit of the participating countries.
make competition suffer.
Question 6
NAFTA is the free trade area among the United States, Mexico, and
______________.
Answer
Canada
NAFTA.
United Nations
Question 4
The principle goal of a political union is that it:
Answer
can buy goods from one another.
can refuse to buy goods from nonmembers.
can switch to a common currency and a central bank.
gives up all sovereignty among individual members.
no longer recognizes national boundarie
Question 5
The universal reason for forming trading blocs is to:
Answer
bypass tariff restrictions.
bypass legal restrictions.
bypass government controls.
ensure the economic growth and benefit of the participating countries.
make competition suffer.
Question 6
NAFTA is the free trade area among the United States, Mexico, and
______________.
Answer
Canada
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Document Details
University
Strayer University
Subject
Marketing