Reference no: EM133048049

Please answer the bellow questions with A, B, C, OR D NO Explanations Needed. Thanks in advance Questions

1) Tariff is:

a) A tax placed on goods entering a country.

b) A tax placed on goods leaving a country.

c) A tax placed on goods that are made in the country.

d) None of the above.

2) According to the Text, Canada's top trading partner is:

a) China

b) USA

c) Germany

d) Japan

3) Which statement is a potential PRO for Canada under the USMCA.

a) 65% of auto parts must come from one of the three USMCA countries to avoid tariffs, up from 62.5% under NAFTA.

b) The Agreement requires 70% of a car's steel and aluminum to originate in North America.

c) 10% of auto parts must come from one of the three USMCA countries to avoid tariffs.

d) None of the above

4) Which of the following statement is correct?

a) Globalization can be considered a process that is expanding the degree and forms of cross-border transactions among people, assets, goods, and services.

b) Globalization refers to the growth in direct foreign investment in regions across the world

c) Globalization reflects the shift toward increasing economic interdependence-the process of generating one world economic system or a global economy

d) All of the Above

5) According to the text, which company is ranked as number 1 Top franchise in Canada?

a) McDonald's

b) Pizza Pizza

c) Subway

d) Tim Hortons

6) The following is a Pull Factor

a) Potential for Sales Growth

b) Shift towards Democracy

c) Reduction in trade Barriers

d) All of the Above

7) Which of the following is a potential benefit of a Multinational Corporation

a) Encourages economic development

b) Introduces new technologies

c) Creates employment

d) all of the above

8) When a company, such as Nike, chooses to contract the manufacturing of its apparel and footwear to another company in a developing nation, this is referred to as what type global business activity?

a) Franchising

b) Direct Investment

c) Joint Venture

d) Outsourcing

9) Mercantilism, essentially, is the economic policy of:

a) accumulating financial wealth through trade surpluses.

b) accumulating financial wealth through trade Deficits.

c) accumulating financial wealth by borrowing from the IMF.

d) accumulating financial wealth through the WTO.

10) USMCA stands for

a) USA, Maine, Canada

b) USA, Mexico, Canada

c) USA, Mexico, California, Alabama

d) USA, Maine, California, Alabama.