International Business and Global Political Systems: A Comprehensive Quiz on Key Concepts SAINT GBA440 MODULE 3 QUIZ Question 1 Exports are: all goods and services sold abroad and sent out of a country. all goods and services purchased abroad and brought into a country Any commercial transaction that crosses the borders of two or more nations. none of the above. Question 2 All goods and services purchased abroad and brought into a country are called ________. domestic products exports national products imports Question 3 International business is: all goods and services sold within a country. use of computer networks to purchase, sell, or exchange products. any commercial transaction that crosses the borders of two or more nations. none of the above Question 4 ________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. International business Denationalization Globalization E - business Question 5 A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to: erect barriers to trade. dismantle bilateral trade agreements. govern exchange rates. enforce world trade rules. Question 6 The _______ is charged with resolving disputes among members. NAFTA GATT WTO None of the above Question 7 Which of the following describes the value of a nation’s good goods and services produced by a domestic economy divided by its population? Gross domestic product (GDP) Gross domestic product (GDP) per capita Gross national product (GNP) per capita Gross national product (GNP) Question 8 Which of the following was created to regulate fixed exchange rates and enforce the rules of the international monetary system? International Monetary Fund World Trade Organization European Union World Bank Question 9