BUS 508 EXAM 2 WEEK 5 Question 1 One effect of the North American

Jul 27th, 2016
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Question 1 One effect of the North American Free Trade Agreement (NAFTA) is: Answer an increase in trade among the NAFTA member nations an increase in the number of low-wage jobs in the United States a decrease in trade among NAFTA member nations an increase in trade restrictions among the member nations Question 2 A country raises the tariff on imported cheese in order to increase its price above the price of domestically produced cheese. This is an example of ________. Answer an exchange control an import quota a protective tariff dumping Question 3 A trade deficit occurs when ________. Answer imports are sold at low profits foreign-aid payments exceed exports imports exceed exports there is a net flow of money into a country Question 4 Los Angeles-based PMI Telecom purchases cell phones manufactured in Asia and sells them in the United States. PMI is engaging in the international business activity known as ________. Answer exporting importing coun

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BUS 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.Answerharms, benefitsharms, harmsbenefits, harmsbenefits, benefitsQuestion 6A balance of payments deficit occurs when ________.Answerthe net inflow of money from abroad exceeds the net outflows of money to other countriesimports exceed exportsthe net outflow of money from a country exceeds the net inflow of money from abroadexports ex

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