1. Which of the following trading partners of the United States became its number one "trade problem" at the beginning of the 21st century?
United Kingdom
Japan
Germany
Canada
China
2. Which of the following presents the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?
Third World countries have been excluded from this economic growth leading to stark imbalances in wealth.
The European Union has become the center of world trade, taking the position away from the United States.
The United States has continuously maintained the positive balance of trade it attained during the 1950s.
Economic power and potential has become more evenly distributed among the countries of the world.
SDRs and gold have lost their utility as the basic medium of financial exchange and most monetary statistics have started relating to the U.S. dollar.
3. The _____ of the balance-of-payments statement is most likely to record all merchandise exports, imports, and services plus unilateral transfers of funds.
current account
capital account
credit account
receivables account
reserves account
4. The Foreign Corrupt Practices Act (FCPA) was specifically addressed in the _____ section of the Omnibus Trade and Competitiveness act.
market access
export expansion
import relief
foreign exchange regulation
trade deficit