BMAL 604 Fall 2015 Quiz 2 and 3 (Latest 2015) Graded Answers
In civil law, the adversarial system assumes that truth is most likely to result from the open competition between the prosecution and the defense.
Question 2 5 out of 5 points
Expropriation means to deprive of possession.
Question 3 5 out of 5 points
GNP does not take into account unpaid economic activity.
Question 4 5 out of 5 points
One challenge in promoting small businesses in third world nations is the lack of consideration of current models of entrepreneurship development.
Question 5 5 out of 5 points
Common law originally developed in historical England, is the result of judicial decisions that were based in tradition, custom, and precedent.
Question 6 5 out of 5 points
Developing nations typically have a human Development Index of less than 0.2 according to the Human Development Reports office.
Question 7 5 out of 5 points
Buyer’s credit is a loan in which the exporter is covered, but the value of the cover will be less than the value of the contract.
Question 8 5 out of 5 points
The Export-Import Bank (Ex-Im Bank) is the official export credit agency of the United States.
Question 9 5 out of 5 points
Corruption is the greatest single barrier to economic development worldwide.
Question 10 5 out of 5 points
The National Association of Foreign Trade Zones (NAFTZ) was created in 1972 to help ensure the prosperity of all parties involved in global trade.
Question 11 5 out of 5 points
The task of managing the capital account is primarily concerned with maintaining the surpluses and deficits owed to any nation for any commodity or currency that can be tracked.
Question 12 5 out of 5 points
The capital account entity records the purchase and sale of domestic and foreign assets.
Question 13 5 out of 5 points
Adam Smith’s theory of absolute advantage implies that an individual would not make anything that would cost him less to buy.
Question 14 5 out of 5 points
The U.S. Department of Commerce’s FDI ownership threshold is 10 percent.
Question 155 out of 5 points
Negative income from abroad corresponds to a debit in the current account.
Question 16 5 out of 5 points
The Factor Proportions Theory attempts to explain that nations will produce and import goods that use the highest proportion of those factors of production that are most abundant to a nation.
Question 17 5 out of 5 points
Successful FDI can be win-win situation for governments and business.
Question 18 5 out of 5 points
Greenfield investments are investment in new assets.
Question 19 5 out of 5 points
The concept of most-favored-nations (MFN) status discourages excessive import duties that act as trade barriers, though exceptions can be made to favour developing nations.
Question 20 5 out of 5 points
In the Factor Propulsions Theory, technology is the application of specialized knowledge to work.
quiz 3
Traders who participate in currency arbitrage are taking risks (staying open) because they buy and sell currencies based on the predicated rise and fall in price of a given currency.
Question 2 5 out of 5 points
Hedge funds help spread large risks, to the extent that they become acceptable to a greater number of investors.
Question 3 5 out of 5 points
According to the Bank of International Settlements 2013 Trigeminal Survey, Turnover in traditional foreign exchange instruments is $5.3 million per day.
Question 4 5 out of 5 points
The FX Market has gradually evolved into the largest, fastest, and most flexible currency trading market in the world.
Question 5 5 out of 5 points
Forward transactions are used in hedging to protect profits of companies operating internationally.
Question 6 5 out of 5 points
The overspending of money by borrowers (both consumer and industrial) helps perpetuate the expansion of the money supply.
Question 7 5 out of 5 points
President Franklin D. Roosevelt took the U.S. off the gold standard, and paper currency was no longer redeemable in gold
Question 8 5 out of 5 points
The most prominent financial markets are located in New York, Tokyo, and London.
Question 9 5 out of 5 points
Global Financial Markets include both physical and virtual market places that make the cross-border exchange of goods and services between buyers and sellers possible.
Question 10 5 out of 5 points
According to the theory of PPP, the factors that directly involve the international trade include costs of transportation and social perception of commodities.
Question 11 5 out of 5 points
Elections for the Council of the European Union are held every five years, and all registered EU citizens are allowed to vote.
Question 12 5 out of 5 points
ECOWAS is the largest trade agreement in the world
Question 13 5 out of 5 points
The United States is an example of a Political Union.
Question 14 5 out of 5 points
Slovakia, Slovenia, and Croatia are all members of the EU.
Question 15 5 out of 5 points
Contributing factors to issues in ECOWAS include lack of infrastructure, undiversified economies, the existence of other organizations with the same purpose, and political instability.
Question 16 5 out of 5 points
CACM was established with the Treaty of Chaguaramas.
Question 17 5 out of 5 points
Currently, most industrialized and less-developed nations are participants of at least one trading bloc.
Question 18 5 out of 5 points
Regional integration is the process whereby counties remove barriers to trade between themselves, but each country determines its own barriers nonmembers.
Question 19 5 out of 5 points
In a Free Trade Area all barriers of trade among members are removed, and a common external trade policy is adopted.
Question 20 5 out of 5 points
Tariff barriers to trade include laws and regulation that restrict trade.
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Solution: BMAL 604 Fall 2015 Quiz 2 and 3 (Latest 2015) Graded Answers