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- Export marketing is the integrated marketing of goods and services that are destined for customers in international markets. What does the marketing require?An import Tariff does: Increase domestic consumption Decrease domestic production Decrease domestic prices Increase government revenueThe GATT (General Agreement on Tariffs and Trade) was set up as a successor to the WTO (World Trade Organization). True False
- Quotas may be set on worldwide imports or on imports from a specific country.True or FalseDirect investment should only be used when there is a low chance of success and the market has weak potential the market is stable and flat there is a low chance of success and the market has strong potential there is a high chance of success and the market has strong potential there is a high chance of success and the market has weak potentialA tariff means increased revenue for the government. True False
- The major export-promotion agency in the U.S. is: the State Department the Commerce Department the U.S. Export Administration the International Court of Trade the U.S. Export Control AgencyAll of these restrict international trade EXCEPT quotas subsidies trade deficit embargoesHow do intellectual property protections differ between India and China?
- Export subsidy can be welfare improving trade policy for a domestic country if a) it cannot be welfare improving b) the country that implements it is large c) the country that implements it is small d) it is used for agricultural productsYou have just been put in charge of trade policy for Malawi. Coffee is a recent crop that is growing well and the Malawian export market is developing. As such,Malawi coffee is aninfant industry.Malawi coffee producers come to you and ask for tariff protection from cheap Tanzanian coffee. What sorts of policies will you enact? Explain.What intellectual property distinctive competencies exist for India and China?
