1. As discussed in class, one of the criticisms against China is that it deliberately keeps its currency value low against the U.S. and other developed nations, and thus amasses a trade surplus and foreign exchange reserves. According to this criticism, China is acting as a
mercantilist.
neo-mercantilist.
regional dominator.
trade monopolist.
capitalist.
2. Lugnow Inc. paid a sum of $76,000 to an official in the government of Nepotismia to ensure that the company obtained exclusive preferential treatment. The $76,000 can be classified as
customs duties.
excise taxes.
speed money.
bribe.
repatriation fees.