61. (p. 433) Companies with marketing facilities or contacts in different countries with excess marketing capacity or a desire for a broader product line sometimes take on additional product lines for international distribution. The formal name for this type of marketing is: 
A. skimming.
B. backhauling.
C. complementary marketing.
D. export marketing.
E. demand shifting.

62. (p. 433) A(n) _____ is an individual agent middleman or an agent middleman firm providing a selling service for manufacturers that normally covers only one or two markets and operates on straight commission basis. 
A. complementary marketer
B. export management company
C. Webb-Pomerene export association
D. global retailer
E. manufacturer's export agent

63. (p. 434) A(n) _____ does not serve as the producer's export department but has a short-term relationship, covers only one or two markets, and operates on a straight commission basis and they do business in their own names rather than in the name of the client. 
A. manufacturers' retail store
B. trading company
C. global retailer
D. manufacturer's export agent
E. complementary marketer

64. (p. 434) The Webb-Pomerene Act of 1918 made it possible for American business firms to join forces in export activities without being subject to which of the following acts? 
A. The Sherman Antitrust Act
B. The Federal Communications Act
C. The Federal Trade Commission Act
D. The Federal Food, Drug, and Cosmetic Act
E. The Robinson-Patman act

65. (p. 434) A(n) _____ is a sales corporation set up in a foreign country or U.S. possession that can obtain a corporate tax exemption on a portion of the earnings generated by the sale or lease of export property. 
A. Webb-Pomerene export association
B. trading company
C. export management company
D. export agency
E. foreign sales corporation

66. (p. 434) Which of the following is NOT a type of domestic middlemen? 
A. Manufacturers' Retail Stores
B. Trading Companies
C. Foreign distributors
D. Complementary Marketers
E. Export Management Companies

67. (p. 434) The WTO in 2003 ruled _____ to be in violation of international trade rules, thus starting a major trade dispute with the European Union that still simmers and occasionally sizzles. 
A. foreign sales corporation
B. direct marketing partnerships
C. trading companies
D. export promotion company
E. Webb-Pomerene export associations

68. (p. 434) The _____ allowed American business firms to join forces in export activities without being subject to the Sherman Antitrust Act. 
A. Export Trading Company Act
B. Roebuck-Guillaume Act of 1936
C. Webb-Pomerene Act of 1918
D. North American Free Trade Agreement
E. Sarbanes-Oxley Act

69. (p. 435) A variety of factors affect choice of channels in a foreign market. All of the following points should be addressed prior to the selection process EXCEPT: 
A. identify specific target markets within and across countries.
B. specify marketing goals in terms of volume, market share, and profit margin requirements.
C. specify financial and personnel commitments to the development of international distribution.
D. identify control, length of channels, terms of sale, and channel relationships.
E. identify decision-making processes and languages of prospective middlemen.

70. (p. 435) According to the text, distribution channels vary depending on which of the following? 
A. Distance from manufacturer
B. Language and dialect spoken in the target market
C. Available distribution intermediaries
D. The literacy levels in the target market
E. Per capita income in the target market

111) Suppose that in Montreal in December, 2012, 10 000 ski helmets were sold at a price of $60 each. And in Montreal in December, 2013, 20 000 ski helmets were sold at a price of $80 each. One possible explanation for the change is that from 2012 to 2013 the ________ curve for ski helmets shifted to the ________.

A) supply; left

B) supply; right

C) demand; left

D) demand; right

E) supply or demand; right

112) Consider a local market for 4-litre containers of windshield-wiper fluid. In January 2012, 100 000 containers were sold at a price of $3 each. In March 2012, 120 000 containers are sold at a price of $8 each. Does this change in equilibrium price and quantity violate the "law of demand"?

A) Not necessarily, because the supply curve could have shifted to the right, leading to an increase in equilibrium price and quantity.

B) Not necessarily, because the demand curve could have shifted to the right, leading to an increase in equilibrium price and quantity.

C) Not necessarily, because the demand curve could have shifted to the left, leading to an increase in equilibrium price and quantity.

D) Not necessarily, because the supply curve could have shifted to the left, leading to an increase in equilibrium price and quantity.

E) No, because the "law of demand" is not valid.

113) Suppose we observe an increase in the price of good A and an increase in the quantity of good A exchanged. Which of the following is a likely explanation?

A) The "law of demand" is violated.

B) The "law of supply" is violated.

C) The supply of good A has increased.

D) There is an excess supply of good A.

E) The demand for good A has increased.

114) Consider a negatively sloped demand curve for natural gas. If the supply of natural gas increases, the new equilibrium will have

A) a lower price and a greater quantity.

B) a lower price and a smaller quantity.

C) a higher price and a smaller quantity.

D) a higher price and a larger quantity.

E) the same price and larger quantity.

115) Which of the following statements is correct for a market with an upward-sloping supply curve and a downward-sloping demand curve?

A) If the supply curve shifts left and demand remains constant, equilibrium quantity will rise.

B) If the supply curve shifts right and the demand curve remains constant, equilibrium price will rise.

C) If the demand curve shifts left and the supply curve shifts right, equilibrium price will rise.

D) If the demand curve shifts right and the supply curve shifts left, equilibrium price will rise.

E) If the demand curve shifts left and the supply curve shifts left, equilibrium price will fall.

116) Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, equilibrium price and quantity are represented by point

A) A.

B) B.

C) C.

D) D.

E) Not shown in the figure.

117) Refer to Figure 3-6. If the demand curve shifts from D1 to D2, while supply remains at S1, one could say that

A) the quantity demanded has decreased to Q1 and price has fallen to P2.

B) there has been an increase in demand for X.

C) the price of a good which is a substitute for X must have fallen.

D) the price increase has caused an increase in quantity demanded.

E) there is now an excess demand at the new price of P1.

118) Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, and demand shifts to D2, then

A) a permanent shortage of X will result.

B) a surplus of Q1Q3 will occur.

C) a shortage will occur at any price above P3.

D) if price remained at P2, a shortage of Q1Q3 would exist.

E) all of the above

119) Refer to Figure 3-6. A shift in the supply curve from S2 to S1 might be caused by

A) a rise in the costs of producing good X.

B) a decrease in the price of X.

C) a decrease in demand for X.

D) an improvement in the technology of producing good X.

E) additional suppliers entering the industry.

120) With a given upward-sloping supply curve for sirloin steak (a normal good), a rise in household income will cause the

A) equilibrium price and equilibrium quantity to both increase.

B) equilibrium price to increase and equilibrium quantity to decrease.

C) equilibrium price and equilibrium quantity to both decrease.

D) equilibrium price to decrease and equilibrium quantity to increase.

E) equilibrium price to increase and equilibrium quantity to remain constant.

111) Suppose that in Montreal in December, 2012, 10 000 ski helmets were sold at a price of $60 each. And in Montreal in December, 2013, 20 000 ski helmets were sold at a price of $80 each. One possible explanation for the change is that from 2012 to 2013 the ________ curve for ski helmets shifted to the ________.

A) supply; left

B) supply; right

C) demand; left

D) demand; right

E) supply or demand; right

112) Consider a local market for 4-litre containers of windshield-wiper fluid. In January 2012, 100 000 containers were sold at a price of $3 each. In March 2012, 120 000 containers are sold at a price of $8 each. Does this change in equilibrium price and quantity violate the "law of demand"?

A) Not necessarily, because the supply curve could have shifted to the right, leading to an increase in equilibrium price and quantity.

B) Not necessarily, because the demand curve could have shifted to the right, leading to an increase in equilibrium price and quantity.

C) Not necessarily, because the demand curve could have shifted to the left, leading to an increase in equilibrium price and quantity.

D) Not necessarily, because the supply curve could have shifted to the left, leading to an increase in equilibrium price and quantity.

E) No, because the "law of demand" is not valid.

113) Suppose we observe an increase in the price of good A and an increase in the quantity of good A exchanged. Which of the following is a likely explanation?

A) The "law of demand" is violated.

B) The "law of supply" is violated.

C) The supply of good A has increased.

D) There is an excess supply of good A.

E) The demand for good A has increased.

114) Consider a negatively sloped demand curve for natural gas. If the supply of natural gas increases, the new equilibrium will have

A) a lower price and a greater quantity.

B) a lower price and a smaller quantity.

C) a higher price and a smaller quantity.

D) a higher price and a larger quantity.

E) the same price and larger quantity.

115) Which of the following statements is correct for a market with an upward-sloping supply curve and a downward-sloping demand curve?

A) If the supply curve shifts left and demand remains constant, equilibrium quantity will rise.

B) If the supply curve shifts right and the demand curve remains constant, equilibrium price will rise.

C) If the demand curve shifts left and the supply curve shifts right, equilibrium price will rise.

D) If the demand curve shifts right and the supply curve shifts left, equilibrium price will rise.

E) If the demand curve shifts left and the supply curve shifts left, equilibrium price will fall.

116) Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, equilibrium price and quantity are represented by point

A) A.

B) B.

C) C.

D) D.

E) Not shown in the figure.

117) Refer to Figure 3-6. If the demand curve shifts from D1 to D2, while supply remains at S1, one could say that

A) the quantity demanded has decreased to Q1 and price has fallen to P2.

B) there has been an increase in demand for X.

C) the price of a good which is a substitute for X must have fallen.

D) the price increase has caused an increase in quantity demanded.

E) there is now an excess demand at the new price of P1.

118) Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, and demand shifts to D2, then

A) a permanent shortage of X will result.

B) a surplus of Q1Q3 will occur.

C) a shortage will occur at any price above P3.

D) if price remained at P2, a shortage of Q1Q3 would exist.

E) all of the above

119) Refer to Figure 3-6. A shift in the supply curve from S2 to S1 might be caused by

A) a rise in the costs of producing good X.

B) a decrease in the price of X.

C) a decrease in demand for X.

D) an improvement in the technology of producing good X.

E) additional suppliers entering the industry.

120) With a given upward-sloping supply curve for sirloin steak (a normal good), a rise in household income will cause the

A) equilibrium price and equilibrium quantity to both increase.

B) equilibrium price to increase and equilibrium quantity to decrease.

C) equilibrium price and equilibrium quantity to both decrease.

D) equilibrium price to decrease and equilibrium quantity to increase.

E) equilibrium price to increase and equilibrium quantity to remain constant.

They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.

Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.

The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.

My third using this writer and absolutely amazing work! Very punctual and very understanding.

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

I absolutely love this writer! He/she always cranks out a fabulous paper and follows the assignment guidelines/instructions perfectly. Thanks again for always providing such quality work!!!

It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.

Outstanding work! This writer followed every instruction and my paper came back with an A! I recommend to anyone needing help! Thank you again ❤️

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

Made 100% on both the outline and the paper. Quick turnaround time and my writer responded within 30 min or less. Any edits my instructor needed, my writer was patient and worked diligently to accomplish the task. Would recommend my writer to anyone!

You are making my life so much easier! I am a single mom that works and goes to school. You guys are helping me with my projects so I can have more free time with my son.

I was sure it can fit in a single page but the next time I will add one more page because I am impressed with your professionalism and quality. Will use many more times till I graduate.

Simple registration and quality services. I just ordered one paper, and it was good enough to pass the exam. That is what I need the most. Good job.

I couldn’t finish my freaking essay, and I was very desperate. A friend of mine sent me a link, and that is how I found out about you guys. Thank you for professional tips and editing. Now, I understand how to write it properly.

I’m so grateful to you since you managed to complete my term paper in one day! You are definitely the best company ever!

I am sure on your ability to provide any type of paper I will order. I wish I could develop that skill your writers have to be able to have a flow of ideas and excellent sequencing of thoughts in writing.

I ordered a thesis paper and was satisfied. All the guys were polite and highly professional, even when I wrote to them several times per day. Thanks for your passion!

I turned to the service twice, and my papers always were beyond the expectations. To tell the truth, I was ready to find some grammar errors or something like that. However, everything was neat and tidy.

My friend recommended Doctor My Essay to me. It is convenient! Now we both turn to the service periodically coz wanna save some time and use it more effectively. I know that while I’m developing my startup, an expert is working on paper. Time management in work!

I write all paper works by myself but have some problems with literacy. Actually, I have enormous problems because English is not my native language. However, with proofreading from Doctor My Essay, I can relax and don’t be ashamed of mistakes.

Your ability to write concisely is a finding. The paper has a solid argument. It’s clear that the writer understood central claim about the topic. He also presented original ideas to consider.

That paper got the highest grade in my class and the professor thinks I’m the smartest student. Lol.

I was convinced that paper writing services are the fiction for naive students. But when it came to my research paper that was to be composed in 72 hours, I had no other options. I made the right choice when I ordered it from you!

I was also satisfied with the service. Usually, I write everything by myself, but this time ( I have no idea how it happens!) I missed the deadline. My writer was very responsible, wrote the essay quickly, and kept the instructions. Nice to know that such experts exist!

It is really affordable! The prices start from 9$, which is an excellent proposal on the market. Recently I worked with another service that took much more money and provided lower quality papers.

I am absolutely satisfied. I am first timer here. Revision was made quickly, and the author met my expectations. Thanks a lot. Paper is phenomenal.

Having heard a lot of negative reviews about such services, I was a bit skeptical. However, our cooperation with Doctor My Essay was without pitfalls. I made two comments about the final work, and they re-wrote some parts very promptly. I am satisfied and will turn to them in the future.

It was my first experience in online ordering, and I was a bit nervous. However, this was for nothing. I’ve got a high mark!

I understand that buying essays is a doubtful thing. You don’t put effort, don’t represent your ideas… However, I don’t perceive Doctor My Essay as a standard service. They don’t sell papers. They share high expertise!

According to my previous experience, this service is really the best. They support the client and have competitive writers. I give them a perfect score!

Nice service! It is cool that you can use the calculator on the main page and understand the price policy. For me, it is a huge plus!

Thanks to God I found this service! If I didn’t send my research to the teacher on time, he would eat me. I tell you! However, with doctor my essay service, I met the deadline, and I am still alive.

Your service is excellent! Convenient and not expensive. Thanks for that!

If you have problems with time management, just like me, you need to cooperate with Doctor My Essay. Once you registered and made the order, you understand how easier it makes your life! Everything is online: ordering, communication… You can control the process everywhere and be sure that an expert will provide a high-level paper.