The most favored nation trading status

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Reference no: EM132207309

1. There are two types of tariffs: a revenue tariff, designed simply to raise money for the government; and a protective tariff, which raises the price of imported goods to make the prices of domestic products more competitive.

true or false

2. A greenfield venture is a strategic alliance with individuals and organizations in developing nations; the venture's goals are to assist, educate, and share the risks and rewards of starting a new nonprofit organization in the developing country.

true or false

3. The "most favored nation" trading status describes a condition in which a country grants other countries favorable trading treatment, such as the reduction of import duties.

ture or false

4. No organization is insulated from the effects of foreign markets and competition.

true or false

5. NAFTA is a trading bloc consisting of the United States, Canada, Panama, and Mexico.

true or false

6. Importing involves merchandise but not services.

true or false

7. Licensing is the easiest way of entering a new market.

true or false

8. Dumping is selling items for more than fair market value.

true or false

9. In 1999, the top exporting nation was the United States, but in 2015 the world's top exporting nation was China.

true or false

Reference no: EM132207309

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