Can someone please help me with this test, I was just robbed and have one hour to complet but cant concentrate?

Question by Trisha T: Can someone please help me with this test, I was just robbed and have one hour to complet but cant concentrate?
I went to sell something off craigslist and the person snagged my touch phone out of my hands and ran , now I owe this test and I cant even concentrate, I can barely even look at the screen without crying, I have no money left and am so hungry.

1. (TCO 3) The value of goods imported into France exceeds the value of French exports. This indicates that France: (Points: 1)
will experience an exchange rate decrease
utilizes high tariffs
will incur a budget deficit
has a balance of trade deficit

2. (TCO 3) The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, and military expenditures is referred to as the: (Points: 1)
balance of payments
balance of trade
balance of money flows
exchange rate

3. (TCO 3) Country A is an extremely efficient producer of tin. However, its climate and terrain make it difficult to produce corn. According to the theory of comparative advantage, Country A should: (Points: 1)
produce both tin and corn in order to remain self-sufficient
watch the global market to see which product is bringing the highest price
import the resources needed to produce corn
concentrate its production on tin and buy corn from an efficient producer

4. (TCO 3) The U.S. government has announced a five-million-pound annual limit on beef imported from Argentina. This type of trade restriction is called a(n): (Points: 1)
embargo
revenue tariff
import quota
export cap

5. (TCO 1) Casey is typical of many U.S. businesspeople. Casey feels the U.S. culture defines the model for the rest of the world, and that the American way of doing things is the best. Casey is guilty of: (Points: 1)
ethnic plagiarism
ethnocentricity
culture shock
counter culture

6. (TCO 3) Hennessy Hardware, a U.S. retailer, buys much of its inventory from Asian countries. Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports (Points: 1)
rose
fell
remained constant
floated unpredictably

7. (TCO 3) Firms such as McDonald’s, Pizza Hut, and KFC have entered the global market by offering investors the opportunity to set up: (Points: 1)
licensed trade offices
independent exporting houses
multinational subsidiaries
franchises

8. (TCO 3) Pepsi Cola has entered into a long-term contract with a South African beverage business. The contract calls for the South African firm to produce and market Pepsi Cola in South Africa. Pepsi will receive a royalty on each case of soda sold. This is an example of: (Points: 1)
licensing
a joint venture
a foreign subsidiary
foreign direct investment

9. (TCO 1) A form of foreign direct investment, in which a domestic company purchases a company in a foreign country to produce a similar product or service is a: (Points: 1)
licensor
joint venture
foreign subsidiary
host company

10. (TCO3) The concept of free trade means: (Points: 1)
buyers and sellers contract with each other and offer some goods at no cost
goods and services can be traded freely across borders without political and/or economic barriers
there is no exchange of currency for these products
there is no exchange of currency, but the trading partners determine the value of the product and perform a bartering process to exchange goods

11. (TCO 3) Monique’s Unique Tile Boutique offers decorative tile from around the world. The owner regularly travels overseas to locate the best and most unusual tile that foreign producers have to offer. Monique participates in _____________ (Points: 1)
importing
licensing
dumping
exporting

12. (TCO 3) __________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries (Points: 1)
Comparative advantage
Absolute advantage
Complete advantage
Dumping advantage

13. (TCO 3) __________ occurs when a country has a monopoly on producing a product, as with an abundant source of natural resources, or is able to produce it at a cost well below that of all other countries (Points: 1)
Comparative advantage
Absolute advantage
Complete advantage
Dumping advantage

14. (TCO 3) The federal government created ___________ to help small and medium sized businesses get involved in exporting (Points: 1)
the World Trade Organization
Federal Export Loan Banks
Export Assis

Best answer:

Answer by SDD
You’ll have better luck posting a question rather than your homework assignment for someone else to do for you.

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