Threats to global trade includeMultiple select question.7.7 billion potential customersincome inequalityrogue statesterrorism

Question 1Tips4 ptsHow has terrorism affected global trade?Group of answer choicesTerrorism has curtailed the liberal inflows of skilled and blue-collar workers.Terrorism has led to tighter emigration policies.Terrorism has resulted in merchandise be moved more quickly across nations.Companies are stocking less inventory than ever before.Terrorism has not affected global trade. Flag question: Question 2Question 2Tips4 pts_____ are goods and services that are made in one country and sold to other countries.Group of answer choicesTangiblesImportsTariffsCountertradesExports Flag question: Question 3Question 3Tips4 ptsBotswana produces diamonds, copper, nickel, soda ash, meat, and textiles, which it sells to the members of the European Union. To Botswana, the diamonds, copper, nickel, soda ash, meat, and textiles it produces are examples of:Group of answer choicesembargotariffimportexportcountertrade Flag question: Question 4Question 4Tips4 pts_____ are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.Group of answer choicesImportsTangiblesTariffsExportsCountertrades Flag question: Question 5Question 5Tips4 ptsThe U.S. has one of the very few areas in the world where kaolin can be mined. Kaolin is a necessary ingredient in many products ranging from stomach medication to paper. The U.S.-produced kaolin is sold all over the world. Kaolin is a(n) _____ for the countries that purchase it.Group of answer choicesembargotariffimportexportcountertrade Flag question: Question 6Question 6Tips3 ptsThe United States buys copper from Chile's Escondido copper mine. The copper is used to make wiring for the U.S. telecommunications industry and for many other purposes. For the U.S., the copper is an example of a(n):Group of answer choicesembargotariffimportexportcountertrade Flag question: Question 7Question 7Tips3 ptsCanadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber is a(n) _____.Group of answer choicesimport; countertradeimport; exportexport; exchangeexport; importcountertrade; exchange Flag question: Question 8Question 8Tips3 ptsThe _____ is defined as the difference in value of a country's exports and imports over a period of time.Group of answer choicesbalance of tradefederal deficitfederal surplusbalance of exchangebalance of payments Flag question: Question 9Question 9Tips3 ptsA country that imports more goods than it exports is said to have a(n):Group of answer choicespositive trade surpluspositive balance of paymentfavorable balance of tradeunfavorable balance of tradepositive trade deficit Flag question: Question 10Question 10Tips3 ptsIn 2018, Austria exported $122.5 billion and imported products valued at $118.8 billion. Austria had a(n):Group of answer choicesfavorable balance of tradepositive balance of paymentnegative balance of tradenegative trade deficitpositive trade deficit Flag question: Question 11Question 11Tips3 ptsIn 2018, Country A exported $84.9 billion and imported products valued at $74.69 billion. The difference between the dollar value of its exports and imports represents a:Group of answer choicespositive exchange ratepositive balance of paymenttrade surplustrade deficitpositive countertrade Flag question: Question 12Question 12Tips4 ptsIn 2018, Country A exported $1.237 billion and imported products valued at $5.552 billion.The difference between the dollar value of its exports and imports represents a:Group of answer choicespositive exchange ratepositive balance of paymenttrade surplustrade deficitpositive countertrade Flag question: Question 13Question 13Tips3 ptsThe difference between a country's total payments to other countries and its total receipts from other countries is called its:Group of answer choicesbalance of tradefinancial surplusfinancial deficitbalance of exchangebalance of payments Flag question: Question 14Question 14Tips4 ptsImagine you are trying to gather the information needed to calculate the balance of payments for an Eastern European country. To do your calculations, you would need to have information on all of the following EXCEPT:Group of answer choicesforeign aid the country receivesmilitary expenditures it makes in other countriesits imports and exportsits corporate tax ratestourist spending in the country

International trade is more difficult and riskier than domestic trade from the exporter's perspective becauseGroup of answer choicesthe exporter may not be familiar with the buyer, and thus not know if the importer is a good credit risk.if the merchandise is exported abroad and the buyer does not pay, it may prove difficult, if not impossible, for the exporter to have any legal recourse.political instability makes it risky to ship merchandise abroad to certain parts of the world.all of the options

How important can be trade to the success of the socities ? Why countries some times want to restrict trade? Explain both parts of the question. 10 marks

Which is the trade barrier which imposes a limit on the quantity of a certain good entering the country?*1 pointtrade sanctionbalancequotatrade limit

An argument in favour of imposing higher trade barriers is that they may*1 pointdiscourage foreign trade investmentresult in greater customer choiceencourage more importsprotect important or new industries