Question 1

According to some critics,agreements like North American Free Trade Agreement (NAFTA)and Central American Free Trade Agreement (CAFTA):

Accepted Answer

A)  have been successful in ensuring environmental standards. 
B)  have been successful in preventing the decline of the global working-age population. 
C)  do not go far enough in ensuring worker rights. 
D)  do not go far enough in protecting property rights. 
A)  have been successful in ensuring environmental standards. 
B)  have been successful in preventing the decline of the global working-age population. 
C)  do not go far enough in ensuring worker rights. 
D)  do not go far enough in protecting property rights.

Question 2

Unlike the Group of Seven (G7)economies,the Emerging Seven (E7)economies are:

Accepted Answer

A)  primarily located in North America and Europe. 
B)  located throughout Latin America and Asia. 
C)  mature economies in which economic growth is slow. 
D)  incentivizing citizens to have more children. 
A)  primarily located in North America and Europe. 
B)  located throughout Latin America and Asia. 
C)  mature economies in which economic growth is slow. 
D)  incentivizing citizens to have more children.

Question 3

By 2017,foreign direct investment (FDI)is estimated to:

Accepted Answer

A)  surpass the all-time high set a decade earlier in 2007. 
B)  reach an all-time low due to political instability and uncertain markets. 
C)  experience a significant drop similar to the global recession of 2009. 
D)  experience an insignificant rise due to a slow rate of increase of merchandise exports. 
A)  surpass the all-time high set a decade earlier in 2007. 
B)  reach an all-time low due to political instability and uncertain markets. 
C)  experience a significant drop similar to the global recession of 2009. 
D)  experience an insignificant rise due to a slow rate of increase of merchandise exports.

Question 4

Identify a true statement about the Development Round in which the members of the World Trade Organization (WTO)met and launched a round of negotiations at Doha,Qatar in November 2011.

Accepted Answer

A)  The WTO members agreed upon the opening of government procurement markets to companies in the developed nations. 
B)  There was a lack of consensus among WTO members regarding agricultural subsidies. 
C)  There was a lack of consensus among WTO members regarding unbalanced population pyramids. 
D)  The WTO members agreed upon the issues of competition. 
A)  The WTO members agreed upon the opening of government procurement markets to companies in the developed nations. 
B)  There was a lack of consensus among WTO members regarding agricultural subsidies. 
C)  There was a lack of consensus among WTO members regarding unbalanced population pyramids. 
D)  The WTO members agreed upon the issues of competition.

Question 5

According to the World Trade Organization,in 2014 merchandise exports:

Accepted Answer

A)  reached a record high. 
B)  declined for the first time since 1983. 
C)  remained fairly consistent. 
D)  decreased by almost 50 percent. 
A)  reached a record high. 
B)  declined for the first time since 1983. 
C)  remained fairly consistent. 
D)  decreased by almost 50 percent.

Question 6

Which of the following statements is true according to the reports that were released in 2004 and 2011 by the Goldman Sachs global economics team?

Accepted Answer

A)  The economies of Russia and Brazil would remain unaffected by the low prices for oil and other commodities in the years 2015 and 2016. 
B)  The BRIC (Brazil, Russia, India, and China) economies' share of world growth could rise significantly from 2003 to 2025. 
C)  The economies of Indonesia, Mexico, and Turkey could expand significantly in the coming decades. 
D)  The E7 (Brazil, China, India, Indonesia, Mexico, Russia, and Turkey) economies would mature and slow down in terms of market exchange rates. 
A)  The economies of Russia and Brazil would remain unaffected by the low prices for oil and other commodities in the years 2015 and 2016. 
B)  The BRIC (Brazil, Russia, India, and China) economies' share of world growth could rise significantly from 2003 to 2025. 
C)  The economies of Indonesia, Mexico, and Turkey could expand significantly in the coming decades. 
D)  The E7 (Brazil, China, India, Indonesia, Mexico, Russia, and Turkey) economies would mature and slow down in terms of market exchange rates.

Question 7

Identify a characteristic of a market economy.

Accepted Answer

A)  The state reserves the right to monitor the production and distribution of goods and services. 
B)  Private enterprises reserve the right to own property. 
C)  Monopolies boost economic growth. 
D)  Competition is discouraged because it hinders penetration into niche markets. 
A)  The state reserves the right to monitor the production and distribution of goods and services. 
B)  Private enterprises reserve the right to own property. 
C)  Monopolies boost economic growth. 
D)  Competition is discouraged because it hinders penetration into niche markets.

Question 8

The economy of Argentina outweighs that of any other South American country with an economic output comparable to that of France and has become a worldwide presence.

Accepted Answer

A) True 
 B)False

Question 9

Agreements like NAFTA and CAFTA:

Accepted Answer

A)  not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights. 
B)  do not include supplemental commitments like the FTAA does on labor and the environment to encourage countries to upgrade their working conditions and environmental protections. 
C)  rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm. 
D)  provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs. 
A)  not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights. 
B)  do not include supplemental commitments like the FTAA does on labor and the environment to encourage countries to upgrade their working conditions and environmental protections. 
C)  rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm. 
D)  provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs.

Question 10

Which of the following countries was not among the world's 10 most competitive nations in 2015?

Accepted Answer

A)  Germany 
B)  Singapore 
C)  Mexico 
D)  Norway 
A)  Germany 
B)  Singapore 
C)  Mexico 
D)  Norway

Question 11

_____ is the term used to indicate the amount invested in property,plant,and equipment in another country.

Accepted Answer

A)  Exporting 
B)  Foreign direct investment 
C)  Importing 
D)  Trade imperfection 
A)  Exporting 
B)  Foreign direct investment 
C)  Importing 
D)  Trade imperfection

Question 12

In a command economy,a general balance between supply and demand sustains prices,while an imbalance creates a price fluctuation.

Accepted Answer

A) True 
 B)False

Question 13

Hungary's economy was the only economy in the EU to continue to grow during the global recession of 2008-2009.

Accepted Answer

A) True 
 B)False

Question 14

The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called _____.

Accepted Answer

A)  homesourcing 
B)  insourcing 
C)  offshoring 
D)  outsourcing 
A)  homesourcing 
B)  insourcing 
C)  offshoring 
D)  outsourcing

Question 15

Internationalization is the vision of creating one world unit,a single market entity.

Accepted Answer

A) True 
 B)False

Question 16

In the context of established economies,which of the following observations about NAFTA is incorrect?

Accepted Answer

A)  Mexican businesses are able to take advantage of the U.S. market by producing goods for that market that were previously purchased from Asia. 
B)  Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market. 
C)  Mexican firms can now export goods into the European community only by paying a heavy tariff. 
D)  Mexico's trade with Asia is on the rise, which is important to the country as it wants to reduce its overreliance on the U.S. market. 
A)  Mexican businesses are able to take advantage of the U.S. market by producing goods for that market that were previously purchased from Asia. 
B)  Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market. 
C)  Mexican firms can now export goods into the European community only by paying a heavy tariff. 
D)  Mexico's trade with Asia is on the rise, which is important to the country as it wants to reduce its overreliance on the U.S. market.

Question 17

In the context of global economic systems,explain a market economy.

Accepted Answer

A market economy exists when private ent

Question 18

An increase in the ease of travel between countries is an important development that has occurred because of the North American Free Trade Agreement (NAFTA).

Accepted Answer

A) True 
 B)False

Question 19

Ministry of International Trade and Industry (MITI)is a _____ government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals.

Accepted Answer

A)  Chinese 
B)  Japanese 
C)  South Korean 
D)  Philippine 
A)  Chinese 
B)  Japanese 
C)  South Korean 
D)  Philippine

Question 20

In the context of the shifting balance of economic power in the global economy,which of the following factors has helped boost incomes and wealth in the African continent between 2000 and 2015?

Accepted Answer

A)  A one-child policy 
B)  An increase in the price of agricultural products 
C)  An increase in the size of the elderly population 
D)  An easy immigration process for workers 
A)  A one-child policy 
B)  An increase in the price of agricultural products 
C)  An increase in the size of the elderly population 
D)  An easy immigration process for workers

According to some critics,agreements like North American Free Trade Agreement (NAFTA)and Central American Free Trade Agreement (CAFTA):

Unlike the Group of Seven (G7)economies,the Emerging Seven (E7)economies are:

By 2017,foreign direct investment (FDI)is estimated to:

Identify a true statement about the Development Round in which the members of the World Trade Organization (WTO)met and launched a round of negotiations at Doha,Qatar in November 2011.

According to the World Trade Organization,in 2014 merchandise exports:

Which of the following statements is true according to the reports that were released in 2004 and 2011 by the Goldman Sachs global economics team?

Identify a characteristic of a market economy.

The economy of Argentina outweighs that of any other South American country with an economic output comparable to that of France and has become a worldwide presence.

Agreements like NAFTA and CAFTA:

Which of the following countries was not among the world's 10 most competitive nations in 2015?

_____ is the term used to indicate the amount invested in property,plant,and equipment in another country.

In a command economy,a general balance between supply and demand sustains prices,while an imbalance creates a price fluctuation.

Hungary's economy was the only economy in the EU to continue to grow during the global recession of 2008-2009.

The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called _____.

Internationalization is the vision of creating one world unit,a single market entity.

In the context of established economies,which of the following observations about NAFTA is incorrect?

In the context of global economic systems,explain a market economy.

An increase in the ease of travel between countries is an important development that has occurred because of the North American Free Trade Agreement (NAFTA).

Ministry of International Trade and Industry (MITI)is a _____ government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals.

In the context of the shifting balance of economic power in the global economy,which of the following factors has helped boost incomes and wealth in the African continent between 2000 and 2015?

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Strategy Formulation and Implementation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 1: Globalization and International Linkages

According to some critics,agreements like North American Free Trade Agreement (NAFTA)and Central American Free Trade Agreement (CAFTA):

Unlike the Group of Seven (G7)economies,the Emerging Seven (E7)economies are:

By 2017,foreign direct investment (FDI)is estimated to:

Identify a true statement about the Development Round in which the members of the World Trade Organization (WTO)met and launched a round of negotiations at Doha,Qatar in November 2011.

According to the World Trade Organization,in 2014 merchandise exports:

Which of the following statements is true according to the reports that were released in 2004 and 2011 by the Goldman Sachs global economics team?

Identify a characteristic of a market economy.

The economy of Argentina outweighs that of any other South American country with an economic output comparable to that of France and has become a worldwide presence.

Agreements like NAFTA and CAFTA:

Which of the following countries was not among the world's 10 most competitive nations in 2015?

_____ is the term used to indicate the amount invested in property,plant,and equipment in another country.

In a command economy,a general balance between supply and demand sustains prices,while an imbalance creates a price fluctuation.

Hungary's economy was the only economy in the EU to continue to grow during the global recession of 2008-2009.

The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called _____.

Internationalization is the vision of creating one world unit,a single market entity.

In the context of established economies,which of the following observations about NAFTA is incorrect?

In the context of global economic systems,explain a market economy.

An increase in the ease of travel between countries is an important development that has occurred because of the North American Free Trade Agreement (NAFTA).

Ministry of International Trade and Industry (MITI)is a _____ government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals.

In the context of the shifting balance of economic power in the global economy,which of the following factors has helped boost incomes and wealth in the African continent between 2000 and 2015?

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Strategy Formulation and Implementation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters