Question :
61.Local content regulations provide protection for a domestic producer of : 1299310
61.Local content regulations provide protection for a domestic producer of parts in much the same way a(n) _____ does, by limiting foreign competition.
A. greenfield investment
B. international content requirement
C. domestic sales requirement
D. import quota
E. subsidy
62.Animax Limited got an order to sell 50000 Central Processing Units (CPUs) to Palladia, but the Palladian government stipulated that 15 percent of the component parts of those CPUs must be produced in Palladia. This stipulation by the Palladian government would be example of a(n):
A. voluntary export restraint.
B. quota rent.
C. import quota.
D. local content requirement.
E. antidumping policy.
63.The _____ in the United States specifies that government agencies must give preference to U.S. products when putting contracts for equipment out to bid unless the foreign products have a significant price advantage.
A. Export Administration Act
B. Helms-Burton Act
C. Hawley-Burton Act
D. Buy America Act
E. Volcker Rule
64._____ are bureaucratic rules designed to make it difficult for imports to enter a country.
A. Voluntary export restraints
B. Consumer regulations
C. Subsidies
D. Administrative trade policies
E. Public sector regulations
65.The Palladian government required that all imported products that came from Lovaskiya be checked by Palladian customs inspectors. The inspection was done at a container freight station that was both remote and poorly staffed. This delayed the Lovaskiyan consignment from reaching the consumers in Palladia. The inspection strategy adopted by the customs officers in Palladia is an example of a(n):
A. antidumping policy.
B. voluntary export restraint policy.
C. administrative trade policy.
D. monopolistic competition policy.
E. tariff rent policy.
66.In the context of international trade, _____ is defined as selling goods in a foreign market at a price below their costs of production or as selling goods in a foreign market at below their “fair” market price.
A. monopolizing
B. dumping
C. offshoring
D. subsidizing
E. nearshoring
67.If Argonia exports vast quantities of cheap toys to Cadmia, selling them at below their costs of production, it would constitute:
A. monopolism.
B. dumping.
C. offshoring.
D. nearshoring.
E. subsidizing.
68.Dumping involves foreign producers:
A. attempting hostile takeovers of domestic firms and usurping the available resources for production.
B. indiscriminately exploiting the natural resources of a foreign country to create a later demand that can be met only by imports.
C. eliminating competition by subsidizing prices in a foreign market with home market profits and eventually raising prices to earn substantial profits.
D. capturing the niche market rather than the masses.
E. exporting only a small restricted quantity of their products into an importing country.
69.Which of the following best indicates the motive for foreign firms to engage in dumping?
A. Unloading excess production in foreign markets
B. Cutting labor costs to reduce the costs of production
C. Providing a wider range of products for consumers in foreign markets
D. Meeting the voluntary export requirements imposed on it
E. Obtaining subsidies from the importing country
70._____ are specific duties representing a special tariff which is imposed for punishing foreign firms for engaging in dumping and these tend to be fairly substantial and stay in place for up to five years.
A. Excise duties
B. Civil duties
C. Stamp duties
D. Countervailing duties
E. Customs duties
