Which of the of the following is not an example of a nontariff barrier?
a. A tax on imported automobiles c. A voluntary export restraint
b. A voluntary import expansion d. A sugar quota
Question 2Setting prices internationally tends to be a highly centralized decision.
Indicate whether the statement is true or false
Question 3A major feature that distinguishes middle-class consumers from consumers of other classes is that they:
A) engage in conspicuous consumption.
B) look to the upper class for guidance on certain behaviors.
C) engage in compensatory consumption.
D) save all their earnings.
E) have a high level of attention for advertising.
Question 4Tariffs are imposed to
a. discourage imports of particular goods.
b. penalize countries that are not politically aligned with the importing country.
c. generate revenues for the importing country.
d. All of the above are reasons for tariffs.
Question 5In a counterpurchase agreement, the seller agrees to purchase products that are usually unrelated to its business.
Indicate whether the statement is true or false
Question 6Which of the following social classes in the United States consists primarily of white-collar workers, many of whom have attended college?
A) The middle class
B) The oligarchy
C) The aristocracy
D) The lower class
E) The fraternity
Question 7Some countries restrict imports claiming the national defense argument. Which product is the most likely to be restricted under such an argument?
a. Luxury automobiles c. Athletic shoes
b. Satellite dishes d. Rice
Question 8A clearing agreement involves buying a party's position in a countertrade in exchange for hard currency and selling it to another customer.
Indicate whether the statement is true or false
Question 9Which of the following is true of upper-class individuals?
A) They are dependent on family members for economic and social support in many areas.
B) They are white-collar workers, many of whom have attended college.
C) They are consumers who lack shelter and live on the streets or in makeshift structures, cars, or vacant houses.
D) They are a varied group of individuals who include the aristocracy and the old money of inherited wealth.
E) They are likely to shop in discount stores and to have less product information when purchasing.
Question 10Markets with excess productive capacity:
a. frequently use protectionistic measures to keep the factories running.
b. commonly seek foreign direct investment.
c. encourage imports of competing products to stimulate demand.
d. decrease marketing expenditures.
Question 11Barter is the only type of exchange that does not involve monetary exchange.
Indicate whether the statement is true or false
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