Question 1

The world's largest importing country is the U.S.

Accepted Answer

A) True 
 B)False

Question 2

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

Accepted Answer

A) True 
 B)False

Question 3

__________________ refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds).

Accepted Answer

A) Direct investment 
B) Economic investment 
C) International investment 
D) Demand investment 
E) Portfolio investment 
A) Direct investment 
B) Economic investment 
C) International investment 
D) Demand investment 
E) Portfolio investment

Question 4

The last step of the possible integration forms is the:

Accepted Answer

A) cartel. 
B) common market. 
C) monetary union. 
D) political union. 
E) customs union. 
A) cartel. 
B) common market. 
C) monetary union. 
D) political union. 
E) customs union.

Question 5

The World Trade Organization (WTO) is a global institutional proponent of free trade.

Accepted Answer

A) True 
 B)False

Question 6

As of April 26, 2015, the World Trade Organization (WTO) has _________ member countries.

Accepted Answer

A) 123 
B) 135 
C) 142 
D) 161 
E) 180 
A) 123 
B) 135 
C) 142 
D) 161 
E) 180

Question 7

There is no evidence that high tax rates in Nordic countries are adversely affecting the ability of these countries to compete effectively in world markets.

Accepted Answer

A) True 
 B)False

Question 8

A common market and a monetary union are basically the same thing.

Accepted Answer

A) True 
 B)False

Question 9

As of April 26, 2015, the WTO had 161 member countries.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following countries is not considered to be a big emerging market?

Accepted Answer

A) Mexico 
B) Brazil 
C) Russia 
D) India 
E) China 
A) Mexico 
B) Brazil 
C) Russia 
D) India 
E) China

Question 11

A common market eliminates all tariffs and other barriers to trade among members of the common market.

Accepted Answer

A) True 
 B)False

Question 12

The growth of international flows in goods and services has consistently surpassed the growth rate of the world economy

Accepted Answer

A) True 
 B)False

Question 13

A report from Credit Suisse Research Institute (CSRI) considers three potential futures for our global economy.Which of the following is not cited in the report?

Accepted Answer

A) Reversal of globalization to be replaced by nationalism. 
B) Globalization to continue to expand with the U.S.remaining a financial and military superpower 
C) The world will become more multipolar and regionally focused 
D) The emergence of four centers of world power 
A) Reversal of globalization to be replaced by nationalism. 
B) Globalization to continue to expand with the U.S.remaining a financial and military superpower 
C) The world will become more multipolar and regionally focused 
D) The emergence of four centers of world power

Question 14

The effect of a monetary union is that members:

Accepted Answer

A) can buy goods from one another. 
B) refuse to buy goods from nonmembers. 
C) switch to a common currency and a central bank. 
D) give up all sovereignty. 
E) no longer recognize national boundaries. 
A) can buy goods from one another. 
B) refuse to buy goods from nonmembers. 
C) switch to a common currency and a central bank. 
D) give up all sovereignty. 
E) no longer recognize national boundaries.

Question 15

As of 2017, which company was the largest exporter of automobiles from the United States?

Accepted Answer

A) Honda 
B) Toyota 
C) Ford 
D) GM 
E) BMW 
A) Honda 
B) Toyota 
C) Ford 
D) GM 
E) BMW

Question 16

Today, countries have become economically independent.

Accepted Answer

A) True 
 B)False

Question 17

What rank is the United States in regards to exporters?

Accepted Answer

A) First 
B) Second 
C) Third 
D) Fourth 
E) Fifth 
A) First 
B) Second 
C) Third 
D) Fourth 
E) Fifth

Question 18

In the U.S., the Federal Trade Commission (FTC) is in charge of cases where entities are trying to mislead the public and commit fraud.

Accepted Answer

A) True 
 B)False

Question 19

When members of a free trade area add common external tariffs to the provisions of the free trade agreement, the free trade area becomes a:

Accepted Answer

A) cartel. 
B) common market. 
C) monetary union. 
D) political union. 
E) customs union. 
A) cartel. 
B) common market. 
C) monetary union. 
D) political union. 
E) customs union.

Question 20

TRIPs (Trade-Related Aspects of Intellectual Property Rights), an agreement concluded as part of the GATT Uruguay Round, is an attempt to create a universal patent system.

Accepted Answer

A) True 
 B)False

The world's largest importing country is the U.S.

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

__________________ refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds).

The last step of the possible integration forms is the:

The World Trade Organization (WTO) is a global institutional proponent of free trade.

As of April 26, 2015, the World Trade Organization (WTO) has _________ member countries.

There is no evidence that high tax rates in Nordic countries are adversely affecting the ability of these countries to compete effectively in world markets.

A common market and a monetary union are basically the same thing.

As of April 26, 2015, the WTO had 161 member countries.

Which of the following countries is not considered to be a big emerging market?

A common market eliminates all tariffs and other barriers to trade among members of the common market.

The growth of international flows in goods and services has consistently surpassed the growth rate of the world economy

A report from Credit Suisse Research Institute (CSRI) considers three potential futures for our global economy.Which of the following is not cited in the report?

The effect of a monetary union is that members:

As of 2017, which company was the largest exporter of automobiles from the United States?

Today, countries have become economically independent.

What rank is the United States in regards to exporters?

In the U.S., the Federal Trade Commission (FTC) is in charge of cases where entities are trying to mislead the public and commit fraud.

When members of a free trade area add common external tariffs to the provisions of the free trade agreement, the free trade area becomes a:

TRIPs (Trade-Related Aspects of Intellectual Property Rights), an agreement concluded as part of the GATT Uruguay Round, is an attempt to create a universal patent system.

Globalization Imperative

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 2: Economic Environment

The world's largest importing country is the U.S.

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

__________________ refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds).

The last step of the possible integration forms is the:

The World Trade Organization (WTO) is a global institutional proponent of free trade.

As of April 26, 2015, the World Trade Organization (WTO) has _________ member countries.

There is no evidence that high tax rates in Nordic countries are adversely affecting the ability of these countries to compete effectively in world markets.

A common market and a monetary union are basically the same thing.

As of April 26, 2015, the WTO had 161 member countries.

Which of the following countries is not considered to be a big emerging market?

A common market eliminates all tariffs and other barriers to trade among members of the common market.

The growth of international flows in goods and services has consistently surpassed the growth rate of the world economy

A report from Credit Suisse Research Institute (CSRI) considers three potential futures for our global economy.Which of the following is not cited in the report?

The effect of a monetary union is that members:

As of 2017, which company was the largest exporter of automobiles from the United States?

Today, countries have become economically independent.

What rank is the United States in regards to exporters?

In the U.S., the Federal Trade Commission (FTC) is in charge of cases where entities are trying to mislead the public and commit fraud.

When members of a free trade area add common external tariffs to the provisions of the free trade agreement, the free trade area becomes a:

TRIPs (Trade-Related Aspects of Intellectual Property Rights), an agreement concluded as part of the GATT Uruguay Round, is an attempt to create a universal patent system.

Globalization Imperative

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters