Question 1

According to critics of globalization, today's interdependent global economy limits a nation's national sovereignty.

Accepted Answer

A) True 
 B)False

Question 2

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Accepted Answer

A) True 
 B)False

Question 3

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced
economies. Discuss this statement. Do you agree? Why or why not?

Accepted Answer

Critics argue that falling trade barrier

Question 4

What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other?

Accepted Answer

The International Monetary Fund (IMF) an

Question 5

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

Accepted Answer

A) True 
 B)False

Question 6

The volume of world trade in merchandise is growing faster than world GDP. This implies that

Accepted Answer

A)  more firms are dispersing their production processes to global locations. 
B)  the economies of the world's nation-states are becoming more independent from each other. 
C)  the global economy is headed for a large downward correction. 
D)  the world is becoming poorer. 
A)  more firms are dispersing their production processes to global locations. 
B)  the economies of the world's nation-states are becoming more independent from each other. 
C)  the global economy is headed for a large downward correction. 
D)  the world is becoming poorer.

Question 7

If China continues to move toward greater free market reforms it

Accepted Answer

A)  may move from industrial superpower to third-world status. 
B)  will likely see a decrease in GDP per capita. 
C)  may move from third-world to industrial superpower status. 
D)  will likely give global market share to Western and Japanese enterprises. 
A)  may move from industrial superpower to third-world status. 
B)  will likely see a decrease in GDP per capita. 
C)  may move from third-world to industrial superpower status. 
D)  will likely give global market share to Western and Japanese enterprises.

Question 8

What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe?

Accepted Answer

A)  transportation costs 
B)  government deregulations 
C)  reduction of barriers to trade between countries 
D)  reduction of barriers to foreign direct investment 
A)  transportation costs 
B)  government deregulations 
C)  reduction of barriers to trade between countries 
D)  reduction of barriers to foreign direct investment

Question 9

The two largest emitters of carbon dioxide are

Accepted Answer

A)  China and the United States. 
B)  China and the United Kingdom. 
C)  Canada and the United States. 
D)  Mexico and the United States. 
A)  China and the United States. 
B)  China and the United Kingdom. 
C)  Canada and the United States. 
D)  Mexico and the United States.

Question 10

Johann's business does not make consumer products; therefore, it would not be likely to participate in global markets.

Accepted Answer

A) True 
 B)False

Question 11

Explain the trends in world trade and foreign direct investment since 1950.

Accepted Answer

Since 1950, the volume of world merchand

Question 12

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by

Accepted Answer

A)  removing subsidies given to their agricultural producers. 
B)  increasing tariff barriers to trade in agriculture. 
C)  increasing outsourcing of manufacturing processes. 
D)  reducing defense expenditure. 
A)  removing subsidies given to their agricultural producers. 
B)  increasing tariff barriers to trade in agriculture. 
C)  increasing outsourcing of manufacturing processes. 
D)  reducing defense expenditure.

Question 13

NAFTA was passed only after

Accepted Answer

A)  China agreed to establish a higher minimum wage. 
B)  the United States agreed to limit the number of jobs that could be outsourced. 
C)  Mexico committed to tougher enforcement of environmental protection regulations. 
D)  Canada committed to establish new limits on FDI. 
A)  China agreed to establish a higher minimum wage. 
B)  the United States agreed to limit the number of jobs that could be outsourced. 
C)  Mexico committed to tougher enforcement of environmental protection regulations. 
D)  Canada committed to establish new limits on FDI.

Question 14

Rivers Inc., a U.S.-based sports apparel manufacturer, sets up a production unit in China to take advantage of the lower labor costs there. This is an example of foreign direct investment.

Accepted Answer

A) True 
 B)False

Question 15

Globalization is criticized because it increases the power of

Accepted Answer

A)  governments to own enterprises. 
B)  unskilled labor to form labor unions. 
C)  supranational organizations over nation-states. 
D)  nation-states to regulate markets and reduce competition. 
A)  governments to own enterprises. 
B)  unskilled labor to form labor unions. 
C)  supranational organizations over nation-states. 
D)  nation-states to regulate markets and reduce competition.

Question 16

Globalization of production can help companies lower their overall cost structure or improve the quality or functionality of their product offering.

Accepted Answer

A) True 
 B)False

Question 17

The rise in the number of mini-multinationals means that

Accepted Answer

A)  small businesses are becoming increasingly involved in international trade and investment. 
B)  it is increasingly difficult to enter the large multinational market. 
C)  countries are working together to minimize MNE influence. 
D)  there is greater state involvement in industry. 
A)  small businesses are becoming increasingly involved in international trade and investment. 
B)  it is increasingly difficult to enter the large multinational market. 
C)  countries are working together to minimize MNE influence. 
D)  there is greater state involvement in industry.

Question 18

The volume of world trade in merchandised goods has been

Accepted Answer

A)  growing at the same rate as world GDP. 
B)  growing faster than world GDP. 
C)  growing slower than world GDP. 
D)  declining faster than world GDP. 
A)  growing at the same rate as world GDP. 
B)  growing faster than world GDP. 
C)  growing slower than world GDP. 
D)  declining faster than world GDP.

Question 19

Which of the following is true regarding international businesses?

Accepted Answer

A)  All MNEs are international businesses. 
B)  Only firms that export products are international businesses. 
C)  Only firms that invest abroad are international businesses. 
D)  All international businesses are MNEs. 
A)  All MNEs are international businesses. 
B)  Only firms that export products are international businesses. 
C)  Only firms that invest abroad are international businesses. 
D)  All international businesses are MNEs.

Question 20

The General Agreement on Tariffs and Trade (GATT) was responsible for

Accepted Answer

A)  protecting government-owned enterprises. 
B)  policing the global marketplace. 
C)  limiting nuclear testing. 
D)  promoting environment friendly technology. 
A)  protecting government-owned enterprises. 
B)  policing the global marketplace. 
C)  limiting nuclear testing. 
D)  promoting environment friendly technology.

According to critics of globalization, today's interdependent global economy limits a nation's national sovereignty.

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you agree? Why or why not?

What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other?

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

The volume of world trade in merchandise is growing faster than world GDP. This implies that

If China continues to move toward greater free market reforms it

What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe?

The two largest emitters of carbon dioxide are

Johann's business does not make consumer products; therefore, it would not be likely to participate in global markets.

Explain the trends in world trade and foreign direct investment since 1950.

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by

NAFTA was passed only after

Rivers Inc., a U.S.-based sports apparel manufacturer, sets up a production unit in China to take advantage of the lower labor costs there. This is an example of foreign direct investment.

Globalization is criticized because it increases the power of

Globalization of production can help companies lower their overall cost structure or improve the quality or functionality of their product offering.

The rise in the number of mini-multinationals means that

The volume of world trade in merchandised goods has been

Which of the following is true regarding international businesses?

The General Agreement on Tariffs and Trade (GATT) was responsible for

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 1: Globalization

According to critics of globalization, today's interdependent global economy limits a nation's national sovereignty.

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you agree? Why or why not?

What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other?

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

The volume of world trade in merchandise is growing faster than world GDP. This implies that

If China continues to move toward greater free market reforms it

What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe?

The two largest emitters of carbon dioxide are

Johann's business does not make consumer products; therefore, it would not be likely to participate in global markets.

Explain the trends in world trade and foreign direct investment since 1950.

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by

NAFTA was passed only after

Rivers Inc., a U.S.-based sports apparel manufacturer, sets up a production unit in China to take advantage of the lower labor costs there. This is an example of foreign direct investment.

Globalization is criticized because it increases the power of

Globalization of production can help companies lower their overall cost structure or improve the quality or functionality of their product offering.

The rise in the number of mini-multinationals means that

The volume of world trade in merchandised goods has been

Which of the following is true regarding international businesses?

The General Agreement on Tariffs and Trade (GATT) was responsible for

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters