MGT06502 MIDTERM Q19-30

Question 191 pts
Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries. Excelsior's Limited tried to sell its product in Canada, but was told that at least forty percent of the product must be manufactured in Canada. This is an example of a(n) ________.
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Question 201 pts
A(n) ________ advantage is the advantage of conducting a particular economic activity in a specific area because of the characteristics of that area.
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Question 211 pts
The main difference between a free trade area and a customs union is that the members of a customs union ________.
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Question 221 pts
Which of the following statements is true of tariffs?
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Question 231 pts
A(n) ________ is the most restrictive nontariff trade barrier and is typically applied to accomplish political goals.
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Question 241 pts
Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods?
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Question 251 pts
Which of the following is one of the four attributes present in Porter's diamond?
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Question 261 pts
In the ________ of the international product life cycle, competition from other companies selling similar products pressures companies to lower prices in order to maintain sales levels.
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Question 271 pts
According to Adam Smith, A country should specialize in the production of a good when it has ____.
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Question 281 pts
Home nations discourage foreign direct investment outflows because it ________.
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