TRUE or FALSE If a country imports $ 1 50b in merchandise and services while exp

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TRUE or FALSE If a country imports $ 1 50b in merchandise and services while exporting $20ob, the country has a Balance of Trade deficit ofs50b. 2. f the same dinner costs £50 in London and S75 in the U.S. according to the purchasing power parity theory, the exchange rate should be S1.S/E The Foreign Corrupt Practices Act imposes minimal punishment on U.S businessmen for paying foreign government officials to get business from 3. that government. The unconscious reference to one's own cultural values is called the self-reference criterion (SRC) and may be the cause of many international business problems 4. 5Cultural relativism is used by some firms to justify actions in a foreign country that might o. Foreign direct investment often allows firms to avoid trade restrictions including quotas and tarifts. 7. Sharia law is found predominately in Middle Eastern countries. governments need to resolve conflicts between trade, domestic and foreign When policy, trade policy usually takes precedence. s. 9. The formula for a direct spot (U.S. terms) quote on the U.S. S is Sd - 10. The GINI Index measures economic growth of a country 1. Host countries often intervene in FDI to control their balance of payment interest rate and/or to obtain access to technology or management skills. Economic arguments for government intervention in trade include protecting "infant industries" and implementing strategic trade policy like helping local firms overcome foreign firms' advantages.

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