A. Transactions that occur through the web
B. Transactions that occur across open borders
C. Transaction that occur globally across widely dispersed locations
D. All of the above
Related Mcqs:
- What are cross-border transactions?
A. Movement across borders of countries of goods, people, money, investments etc.
B. Globalization
C. International trade
D. None of the above - What are open-border transaction?
A. Transactions where anything goes
B. Transactions where global trade and finance replace global trade and finance
C. Transactions where international trade and finance replace global trade and finance
D. Protectionist transactions - In recent years, to balance its trade deficit, the United States has:
A. “exported” currency to other countries
B. greatly increased tariffs on imports from Asia
C. increased export of goods and services by offering subsidies to those industries
D. invested heavily in the euro and the yen - Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:
A. global trade agreements
B. reciprocity
C. regional trade agreements
D. interdependence - Which of these nations illustrates the problems with autarky?
A. China
B. the United States
C. Singapore
D. France - What institution coordinates international currency exchange, the balance of international payments, and national accounts?
A. International Monetary Fund
B. All these answers are correct
C. World Bank
D. World Exchange Organization - Foreign investments in and by a country are referred to as:
A. government transactions
B. the capital account
C. capital flows
D. the current account - Almost all MNCs are based in:
A. Latin America
B. G-8 states
C. Japan
D. Africa - A new entry into an industry sector that is mature in other states and, therefore, is often protected by its government is a(n):
A. start-up firm
B. service industry
C. venture capital firm
D. infant industry - The General Agreement on Tariffs and Trade was replaced by the
A. World Trade Organization
B. North American Free Trade Agreement
C. Multilateral Trade Agreement
D. General Agreement on Trade and Development
