International trade in goods and services can be used as either a cover for money laundering or as the laundering mechanism itself. What is MOST important for the launderer when engaging in this method? The ability:

To over-or under-invoice the goods. More test answers on https://studyhippo.com/acams-practice-test-book/

which of the following is an international trade alliance between 21 nations that promotes open trade and economic and technical cooperation among its member nations

Asia-Pacific Economic Cooperation More test answers on https://studyhippo.com/geb-chapter-3-quiz/

Which theory states that success in international trade comes from the interaction of four country- and firm-specific elements?

theory of national competitive advantage More test answers on https://studyhippo.com/exam-2-review-homework-s-ch-6-9/

11) By the end of the 17th century what forms of trade in Europe was greater than international trade?

Intra-European trade, the train between European powers More test answers on https://studyhippo.com/ap-euro-2/

By the end of the 17th century what forms of trade in Europe was greater than international trade?

This was intra-European trade so the trade between European powers More test answers on https://studyhippo.com/ap-euro-test-prep-chapter-14-and-15/

Factors such as international trade agreements, economic conditions, and political unrest will have the greatest impact on what type of business environment?

Global business environment More test answers on https://studyhippo.com/business-finance-review/

How does the lowering of barriers to international trade help firms?

It allows them to view the world as their market. More test answers on https://studyhippo.com/intl-business/

what does the U.S gain from international trade?

the U.S gains the ability to import the things they want More test answers on https://studyhippo.com/economics-unit-5/

How does international trade best benefit specialization?

A country can make and sell goods affordably and buy goods it cannot make. More test answers on https://studyhippo.com/az-economics-global-economics-international-trade/

What is the purpose of the US International Trade Association?

to help businesses create viable exports More test answers on https://studyhippo.com/3rd-9-weeks-last-unit-test-review/

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International Trade Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about International Trade and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on International Trade and get quick solutions for your test.

What is International Trade?

International trade is the exchange of goods and services between countries. This type of trade allows for an increased variety of products to be available in each country, as well as increased competition among producers in different countries which can often lead to lower prices for consumers. International trade also provides opportunities for companies in developed countries to enter new markets and benefit from economies of scale. Additionally, international trade helps to promote economic growth, create jobs, and reduce poverty all around the world.The main instruments used when conducting international trade are tariffs, customs regulations, quotas, subsidies, export credits and other incentives such as special tax treatments or access to financing schemes. Tariffs are taxes that a government imposes on imported goods which makes them more expensive than domestic produce; this encourages people to buy local products instead. Customs regulations ensure that imports comply with safety standards while quotas limit the volume or value of certain items that can be imported into a country at any given time. Subsidies provide financial support directly to exporters while export credits allow governments or firms to guarantee credit lines extended by foreign buyers so they don’t have to take on additional risk when purchasing from abroad. Other incentives may include tax breaks for businesses importing raw materials or exclusive access rights granted only to certain exporters/importers in order help them remain competitive with their foreign rivals.