1. Which of the following statements best describes export marketing? a. An activity that involves purchasing subsidiaries in foreign markets and selling similar goods and services. b. An activity that involves producing goods and/or services domestically and shipping abroad. An activity that involves producing goods and services domestically, and shipping them to other states, as well as Hawaii and Alaska. d. An activity where several companies cooperatively are subsidized by their government to produce products and services. C. 2. A multinational corporation: a. Has entered into several joint ventures or sequential marketing activities. b. Owns assets abroad, and usually in several different countries. c. Believes in limiting its tax consequences domestically. d. Is always a largely capitalized company from the start. 3. Bolivia and Peru obviously have a/an in the production of quinoa due to the fact that these nations produce the product better than all other nations. a. Absolute advantage b. Joint venture C. Licensing agreement d. Comparative advantage 4. The Balance of Trade refers to: a. The difference in the monetary value of goods/services imported into one's nation, and goods/services exported from one's nation. b. The policy of placing restrictions on importing and exporting. c. A contemporary term that refers to the payments generated from two companies that enter a joint venture. d. Making certain that there is an effort to equalize the $ amount of trade that one nation does with another nation. 5. The nation of Drenechtica Imports $55 million worth of goods and services and exports $66 million worth of goods and services. Which of the following describes Drenechtica's balance of trade? a. The nation has an unfavorable balance of trade. b. The nation has a trade surplus C. The nation has a trade deficit d. The nation has neither a trade surplus nor a trade deficit