International Business 4th Edition by Les Dlabay – Test Bank

TRUE/FALSE

1. An example of domestic business is when a person living in Canada buys a product made in Germany.

ANS: F PTS: 1

2. Products sold by companies in the United States to customers in India are exports.

ANS: T PTS: 1

3. International trade usually reduces the product choices available to consumers.

ANS: F PTS: 1

4. When consumers in the United States buy products made in Poland, they are buying imported goods.

ANS: T PTS: 1

5. Religious beliefs are not likely to influence international business activities.

ANS: F PTS: 1

6. Import taxes are a form of trade barrier.

ANS: T PTS: 1

7. Expanded international business activities make different types of jobs available for workers.

ANS: T PTS: 1

8. International business makes it possible for a company to increase sales by selling to customers in other countries.

ANS: T PTS: 1

9. Individuals, businesses, and countries all face the basic economic problem of limited resources to satisfy needs and wants.

ANS: T PTS: 1