Question 9 Not yet answered Marked out of 0.50 P Flag question Rice imports to Oman under a quota limit of 8,500 tons are charged a tariff of 15 percent. Imports of rice above the quota limit are charged a tariff of 60 percent. This is an example of a(n) Select one: a. export quota O b. voluntary export restraint O c. ad valorem tariff O d. tariff-quota Question 5 Answer saved Marked out of 0.50 Flag question Industries considered essential to national security often DO NOT receive government-sponsored protection. Select one: a. True b. False Clear my choice Question 4 Answer saved Marked out of 0.50 P Flag question In which stage of the international product life cycle does the innovating firm's country become a net importer of the product? Select one: O a. New product stage O b. Standardized product stage c. Maturing product stage d. Never Clear my choice Question 3 Answer saved Marked out of 0.50 Flag question A(n) is a geographic area where imported or exported goods receive preferential tariff treatment. Select one: O a. Free trade zone O b. Foreign trade zone O c. Fair trade zone O d. Economic incentive zone Clear my choice Question 11 Answer saved Marked out of 0.50 Flag question Tax breaks on profits earned abroad, and political pressures are used by Select one: O a. Host countries to promote FDI O b. Host countries to restrict FDI c. Home countries to promote FDI d. Home countries to restrict FDI Clear my choice Question 13 Not yet answered Marked out of 0.50 P Flag question The main benefits of the GCC (Gulf Cooperation Council) include Select one: O a. Introduction of tariffs for trade O b. Travel freely without visas O c. A common external tariff O d. A common currency Question 14 Answer saved Marked out of 0.50 Flag question The process whereby countries in a geographic area cooperate to reduce or eliminate barriers to the international flow of products, people, or capital is called Select one: O a. Regional economic integration O b. Mercantilism O c. Protectionism O d. Economic nationalism Clear my choice Question 12 Answer saved Marked out of 0.50 P Flag question The is the common currency of the European Union. Select one: O a. Franc O b. Euro O c. Pound O d. Mark Clear my choice