Question 1(20 points)

As between the two types of impediments to import trade, which of the following is the type which is generally theleastobstructive type of obstacle to importation. (20 pts.)

Question 1 options:

tariff

licensing of intellectual property

non-tariff

foreign direct investment

Question 2(20 points)

Acme, Inc. imports shoes manufactured in Vietnam by various unrelated Vietnamese shoe companies into the United States.Which of the following best describes the major form of international business being carried out by Acme, Inc? (20 pts.)

Question 2 options:

foreign subsidiary

foreign branch

joint venture

trade

Question 3(10 points)

Franchising is best identified as a form of which of the three fundamental forms (methods) of engaging in international business?

Question 3 options:

licensing of intellectual property

foreign direct investment

trade

Question 4(10 points)

Intellectual property rights are valuable assets that can be licensed to a foreign licensee as a means to penetrate a foreign market rather than establish a wholly owned subsidiary.

Question 4 options:

True

False

Question 5(20 points)

Mexico is a member of USMCA (formerly known as NAFTA).Germany and France are both members of the European Union.A company based in Mexico exports its goods to Europe.One-half of the Mexican company's goods are shipped directly to Paris, France and one-half of the Mexican company's goods are shipped directly to Berlin, Germany.The specific tariff charged upon the entry of the goods from Mexico into France will be ___________________________ the specific tariff on those same type of goods charged upon the entry of the goods from Mexico into Germany. (20 pts)

Question 5 options:

greater than

less than

equal to