Question 1

The Association of Southeast Asian Nations was formed in 1967 by the Philippines,Indonesia,Malaysia,Singapore,Thailand,and China.

Accepted Answer

A) True 
 B)False

Question 2

World Bank and IMF loans usually go to developing countries.

Accepted Answer

A) True 
 B)False

Question 3

Facilitation payments violate anti-bribery laws in almost every nation but are still widely tolerated.

Accepted Answer

A) True 
 B)False

Question 4

What is globalization?

Accepted Answer

Globalization is the growth in

Question 5

The "Buy American" laws seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

Accepted Answer

A) True 
 B)False

Question 6

These are laws that seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

Accepted Answer

A)  Blue laws 
B)  "Buy American" laws 
C)  The laws of comparative advantage 
D)  Soft laws 
A)  Blue laws 
B)  "Buy American" laws 
C)  The laws of comparative advantage 
D)  Soft laws

Question 7

The great run of free trade ended with World War I,which inflamed global markets with national conflicts.

Accepted Answer

A) True 
 B)False

Question 8

NGOs are a major force in the ways that government and business operate.

Accepted Answer

A) True 
 B)False

Question 9

What are NAFTA,AFTA,and Mercosur?

Accepted Answer

The North American Free Trade Agreement

Question 10

The World Trade Organization (WTO):

Accepted Answer

A)  allows the defendant in a dispute to veto a decision if it disagreed. 
B)  is not a full-fledged international organization. 
C)  has been unsuccessful in adding to the GATT legacy of trade liberalization. 
D)  succeeded in launching a new round at meetings in Seattle in 1999. 
A)  allows the defendant in a dispute to veto a decision if it disagreed. 
B)  is not a full-fledged international organization. 
C)  has been unsuccessful in adding to the GATT legacy of trade liberalization. 
D)  succeeded in launching a new round at meetings in Seattle in 1999.

Question 11

This has been the official policy of the United States since the end of World War II.

Accepted Answer

A)  Global trade compliance 
B)  Free trade 
C)  Globalization 
D)  Sovereignty 
A)  Global trade compliance 
B)  Free trade 
C)  Globalization 
D)  Sovereignty

Question 12

Explain the law of comparative advantage.

Accepted Answer

The law of comparative advanta

Question 13

According to this theory,efficiency and the general economic welfare are optimized when each country produces that for which it enjoys a cost advantage.

Accepted Answer

A)  The marginalist theory 
B)  The Doctrine of Protectionism 
C)  "Buy American" laws 
D)  The law of comparative advantage 
A)  The marginalist theory 
B)  The Doctrine of Protectionism 
C)  "Buy American" laws 
D)  The law of comparative advantage

Question 14

The Foreign Corrupt Practices Act (FCPA):

Accepted Answer

A)  can fine individuals up to $2 million and five years in prison for violations of the law's bribery provisions. 
B)  makes it a criminal rather than a civil offense to bribe an official of a foreign government. 
C)  makes it legal for bribes paid by managers of one corporation to managers of another. 
D)  contains an exception for facilitating payments intended only to restrict "routine governmental action." 
A)  can fine individuals up to $2 million and five years in prison for violations of the law's bribery provisions. 
B)  makes it a criminal rather than a civil offense to bribe an official of a foreign government. 
C)  makes it legal for bribes paid by managers of one corporation to managers of another. 
D)  contains an exception for facilitating payments intended only to restrict "routine governmental action."

Question 15

Bribes paid by managers of one corporation to managers of another are legal under the Foreign Corrupt Practices Act (FCPA).

Accepted Answer

A) True 
 B)False

Question 16

All of the following are governmental forces of globalization EXCEPT:

Accepted Answer

A)  erosion of sovereignty by capital markets. 
B)  pressure to lower trade barriers. 
C)  pressure to reduce social welfare for citizens. 
D)  creation of externalities such as resource depletion. 
A)  erosion of sovereignty by capital markets. 
B)  pressure to lower trade barriers. 
C)  pressure to reduce social welfare for citizens. 
D)  creation of externalities such as resource depletion.

Question 17

Identify the force of globalization that comes under "ideas."

Accepted Answer

A)  Wealth creation 
B)  Financial crises 
C)  Corporate citizenship 
D)  Health care 
A)  Wealth creation 
B)  Financial crises 
C)  Corporate citizenship 
D)  Health care

Question 18

One main argument against protectionism is that a major cause of the rise in world trade is the widespread reduction in defensive barriers.

Accepted Answer

A) True 
 B)False

Question 19

Globalization has been the official policy of the United States throughout most of its history.

Accepted Answer

A) True 
 B)False

Question 20

What is extortion?

Accepted Answer

Extortion is the act of accomp

The Association of Southeast Asian Nations was formed in 1967 by the Philippines,Indonesia,Malaysia,Singapore,Thailand,and China.

World Bank and IMF loans usually go to developing countries.

Facilitation payments violate anti-bribery laws in almost every nation but are still widely tolerated.

What is globalization?

The "Buy American" laws seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

These are laws that seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

The great run of free trade ended with World War I,which inflamed global markets with national conflicts.

NGOs are a major force in the ways that government and business operate.

What are NAFTA,AFTA,and Mercosur?

The World Trade Organization (WTO):

This has been the official policy of the United States since the end of World War II.

Explain the law of comparative advantage.

According to this theory,efficiency and the general economic welfare are optimized when each country produces that for which it enjoys a cost advantage.

The Foreign Corrupt Practices Act (FCPA):

Bribes paid by managers of one corporation to managers of another are legal under the Foreign Corrupt Practices Act (FCPA).

All of the following are governmental forces of globalization EXCEPT:

Identify the force of globalization that comes under "ideas."

One main argument against protectionism is that a major cause of the rise in world trade is the widespread reduction in defensive barriers.

Globalization has been the official policy of the United States throughout most of its history.

What is extortion?

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

Exam 12: Globalization, Trade, and Corruption

The Association of Southeast Asian Nations was formed in 1967 by the Philippines,Indonesia,Malaysia,Singapore,Thailand,and China.

World Bank and IMF loans usually go to developing countries.

Facilitation payments violate anti-bribery laws in almost every nation but are still widely tolerated.

What is globalization?

The "Buy American" laws seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

These are laws that seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services.

The great run of free trade ended with World War I,which inflamed global markets with national conflicts.

NGOs are a major force in the ways that government and business operate.

What are NAFTA,AFTA,and Mercosur?

The World Trade Organization (WTO):

This has been the official policy of the United States since the end of World War II.

Explain the law of comparative advantage.

According to this theory,efficiency and the general economic welfare are optimized when each country produces that for which it enjoys a cost advantage.

The Foreign Corrupt Practices Act (FCPA):

Bribes paid by managers of one corporation to managers of another are legal under the Foreign Corrupt Practices Act (FCPA).

All of the following are governmental forces of globalization EXCEPT:

Identify the force of globalization that comes under "ideas."

One main argument against protectionism is that a major cause of the rise in world trade is the widespread reduction in defensive barriers.

Globalization has been the official policy of the United States throughout most of its history.

What is extortion?

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters