-In the Absence of Trade Between the Two Countries,the Price

question 208

Multiple Choice

$$~~~{ \text { United States } } ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ { \text { China } } \\\begin{array} { c c c c c } \text { Possibility } & \text { Radios } & \text { Rice } & \text { Radios } & \text { Rice } \\\text { A } & 200 & 0 & 300 & 0 \\\text { B } & 100 & 500 & 150 & 300 \\\text { C } & 0 & 1,000 & 0 & 600\end{array}$$
-In the absence of trade between the two countries,the price of rice in the U.S.in terms of radios would tend to be

• A)1/2.
• B)1/5.
• C)200.
• D)500.

Recognize misleading advertising and consumer protection laws in international trade.

Identify the tax obligations of online businesses with physical presence or economic nexus in different states.

Comprehend the validity and enforceability of electronic communications in international trade according to international conventions.

Understand the role of the United Nations Convention on the Use of Electronic Communications in International Trade (ECC) and other conventions on international business practices.

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Definitions:

Primates

An order of mammals including humans, apes, monkeys, and prosimians, characterized by high intelligence and dexterous hands.

Convergent Evolution

The process by which organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Placental

Pertaining to the placenta, an organ that develops in the uterus during pregnancy that provides oxygen and nutrients to and removes waste materials from the developing fetus.

Marsupial

A class of mammals, primarily found in Australia and the Americas, characterized by giving birth to relatively undeveloped offspring that typically complete their development in a pouch.