Chp 1 Review
Quiz by William Burke
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- Q1
USCMCA is what kind of trading bloc?
Economic Union
Common market
Customs Union
Free trade area
30s - Q2
What type of trading bloc commits to a removal of barriers to the free flow of goods and services, as well as factors of production, but does not adopt a common currency and tax rates?
Free trade area
Common market
Political union
Customs union
30s - Q3
What type of political risk affects all foreign firms doing business in a country or region?
Macropolitical
Micropolitical
30s - Q4
A joint venture is what type of adaptation strategy?
Participating management
Equity sharing
Hedging
Dependency
30s - Q5
Changes in monetary policy policies represent what type of risk?
Political
Legal
Economic
30s - Q6
Past court decisions act as precedents to the interpretation of the law in what type of legal system?
Common law
Civil law
Islamic law
30s - Q7
Protectionism is an increasing trend in the last few years.
truefalseTrue or False30s