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Sitkin & Bowen: International Business 2e

Chapter 3: Self test questions

Instructions

Answer the following questions and then press 'Submit' to get your score.

Question 1

Customs duties are a form of non-tariff barrier.

Question 2

In general, government intervention is designed to smooth out the highs and lows of the business cycle.

Question 3

'Local contents' ratios mean that a minimum percentage of a product must consist of locally produced or sourced components.

Question 4

The country with the highest GDP is the USA with $15,060 billion.

Question 5

In relation to the cotton industry in the USA, one of the main views is that these cotton farmers have historically not received much assistance from the US government.