Question 1

A tariff levied as a percentage of the stated price of an imported product is called a(n) ________ tariff.

Accepted Answer

The answer of A tariff levied as a percentage of...

Question 2

A government guarantee that it will repay the loan of a company if the company should default on repayment is called a(n) ________.

Accepted Answer

The answer of A government guarantee that it will repay...

Question 3

The ________ finances the export activities of companies in the United States and offers them reasonably priced insurance.

Accepted Answer

The answer of The ________ finances the export activities of...

Question 4

A product having both industrial and military applications is called a ________ product.

Accepted Answer

The answer of A product having both industrial and military...

Question 5

Customs duties ________ the total amount of a good's production cost and increase the time needed to get it to market.

Accepted Answer

The answer of Customs duties ________ the total amount of...

Question 6

________ is the unwanted cultural influence in a nation that can cause great distress and cause governments to block imports it believes to be harmful.

Accepted Answer

The answer of ________ is the unwanted cultural influence in...

Question 7

Protecting companies from international competition often results in consumers paying ________ for products because of less competition.

Accepted Answer

The answer of Protecting companies from international competition often results...

Question 8

The most common type of tariff used by governments today is the ________ tariff.

Accepted Answer

The answer of The most common type of tariff used...

Question 9

A(n) ________ is a government tax levied on a product as it enters or leaves a country.

Accepted Answer

The answer of A(n) ________ is a government tax levied...

Question 10

A tariff levied by the government of a country that is exporting a product is called a(n) ________.

Accepted Answer

The answer of A tariff levied by the government of...

Question 11

According to its supporters, ________ helped South Korea build its chaebol.

Accepted Answer

The answer of According to its supporters, ________ helped South...

Question 12

A designated geographic region in which merchandise is allowed to pass through with lower customs duties and/or fewer custom procedures is called a(n) ________.

Accepted Answer

The answer of A designated geographic region in which merchandise...

Question 13

Foreign trade zones are often intended to increase ________ in a nation.

Accepted Answer

The answer of Foreign trade zones are often intended to...

Question 14

Financial assistance to domestic producers in the form of cash payments, low-interest loans, tax breaks, product price supports, or some other form is called a(n)________.

Accepted Answer

The answer of Financial assistance to domestic producers in the...

Question 15

A(n) ________ tariff is a tariff levied by the government of a country that a product is passing through on its way to its final destination.

Accepted Answer

The answer of A(n) ________ tariff is a tariff levied...

Question 16

A tariff levied as a specific fee for each unit (measured by number, weight, etc.) of an imported product is called a(n) ________ tariff.

Accepted Answer

The answer of A tariff levied as a specific fee...

Question 17

According to the ________, a country's emerging industries need protection from international competition during their development phase until they become significantly competitive internationally.

Accepted Answer

The answer of According to the ________, a country's emerging...

Question 18

The ________ import materials or parts from the United States duty free, process them to some extent in Mexico, and export them back to the United States with duties charged only on the value added to the product in Mexico.

Accepted Answer

The answer of The ________ import materials or parts from...

Question 19

Through the ________, companies investing abroad can insure against loss of assets due to expropriation; currency inconvertibility; and war, revolution, and insurrection.

Accepted Answer

The answer of Through the ________, companies investing abroad can...

Question 20

A tariff levied by the government in a country that is importing a product is called a(n) ________ tariff.

Accepted Answer

The answer of A tariff levied by the government in...

Quiz 6: Business-Government Trade Relations