International Marketing Essay - 2504 Words

Multiple Choice Questions 1. The United States has many successful trade relationships. Four of these relationships account for a tremendous volume of trade. All of the following countries are among the top four producers of trade for the U.S. EXCEPT: A) Canada B) Mexico C) Japan D) France E) China 2. For every dollar the United States invested in the economic development and rebuilding of other countries after World War II, hundreds of dollars returned in the form of purchases of U.S. goods and services. The primary plan after World War II used to rebuild and reinvigorate war ravaged countries was the: A) Eisenhower Plan B) Marshall Plan†¦show more content†¦B) protection of an infant industry. C) protection of a home market. D) the need to keep money at home. E) to encourage capital accumulation. 14. Randall Smithe-Jones believes that protectionism is the only way to save the United Kingdom from outside competitors. He has seen small business after small business go bankrupt because cheaper foreign goods have been more popular. The UK has just started a cell-phone manufacturing industry and Smithe-Jones company is one of the first to try their hand at cell-phone manufacturing. Which of the following would probably be the argument that Smithe-Jones would use to persuade his government representatives that protectionism is still needed in the U.K.? A) Protection of an infant industry B) The need to keep money at home C) Conservation of natural resources D) National defense E) The industrialization of a low-wage nation 15. Section 301 of the Omnibus Trade and Competitiveness Act authorizes the U.S. government to _____________ and ___________against specific foreign trade barriers judged to be unfair. 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