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Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is


A) a distribution agreement.
B) a joint venture.
C) direct exporting.
D) licensing.

E) A) and D)
F) All of the above

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Senator Wyden and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries. To restrict or encourage exports, Congress can


A) do nothing.
B) assess antidumping duties.
C) impose export taxes.
D) set export quotas.

E) B) and C)
F) B) and D)

Correct Answer

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Secure Investments, Inc., a U.S. firm, expands into international markets through a joint venture. In this situation, Secure owns


A) all of the operation, and its profits and liabilities.
B) all of the operation, and none of its profits and liabilities.
C) none of the operation, and none of its profits and liabilities.
D) part of the operation, and shares its profits and liabilities.

E) A) and D)
F) A) and C)

Correct Answer

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Mountain Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is


A) confiscation.
B) defalcation.
C) dumping.
D) expropriation.

E) C) and D)
F) B) and D)

Correct Answer

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