Question 1

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 2

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

Accepted Answer

A) True 
 B)False

Question 3

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Accepted Answer

A) True 
 B)False

Question 4

Early outsourcing efforts were primarily confined to _____.

Accepted Answer

A)  health care 
B)  service activities 
C)  technological research 
D)  manufacturing activities 
A)  health care 
B)  service activities 
C)  technological research 
D)  manufacturing activities

Question 5

The G20 was originally established to:

Accepted Answer

A)  preserve peace through international cooperation and collective security. 
B)  maintain order in the international monetary system. 
C)  formulate a coordinated policy response to financial crises in developing nations. 
D)  manage, regulate, and police the global marketplace. 
A)  preserve peace through international cooperation and collective security. 
B)  maintain order in the international monetary system. 
C)  formulate a coordinated policy response to financial crises in developing nations. 
D)  manage, regulate, and police the global marketplace.

Question 6

Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade.

Accepted Answer

In December 1999, more than 40,000 prote

Question 7

Which of the following statements is true regarding an international business?

Accepted Answer

A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention. 
A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention.

Question 8

In 2009, the financial crisis in the United States was triggered by:

Accepted Answer

A)  the global hike in the price of crude oil 
B)  the slowdown in U.S. imports 
C)  the problems in the U.S. subprime mortgage lending market 
D)  the artificial fixing of currency rate by China 
A)  the global hike in the price of crude oil 
B)  the slowdown in U.S. imports 
C)  the problems in the U.S. subprime mortgage lending market 
D)  the artificial fixing of currency rate by China

Question 9

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels. According to this, as an economy grows and income levels rise:

Accepted Answer

A)  initially the pollution levels remain low. 
B)  after a while, the pollution levels decrease. 
C)  the pollution levels also rise in proportion to the economic growth. 
D)  there is increasing industrialization which leads to greater pollution. 
A)  initially the pollution levels remain low. 
B)  after a while, the pollution levels decrease. 
C)  the pollution levels also rise in proportion to the economic growth. 
D)  there is increasing industrialization which leads to greater pollution.

Question 10

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 11

World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

Accepted Answer

A) True 
 B)False

Question 12

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

Accepted Answer

A) True 
 B)False

Question 13

If China continues to move toward greater free market reforms they:

Accepted Answer

A)  may move from industrial superpower to third-world status. 
B)  will likely see a decrease in their 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 their 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 14

The average tariff rates for manufactured goods have fallen significantly since 1950 and now stand at about _____.

Accepted Answer

A)  18% 
B)  5.9% 
C)  4.8% 
D)  1.5% 
A)  18% 
B)  5.9% 
C)  4.8% 
D)  1.5%

Question 15

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

Accepted Answer

A) True 
 B)False

Question 16

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

Accepted Answer

A) True 
 B)False

Question 17

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Accepted Answer

A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principles 
A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principles

Question 18

Since the 1960s, which of the following has been a notable trend in the demographics of the multinational enterprise?

Accepted Answer

A)  The decline of multinational companies in the manufacturing sector 
B)  The growth of government-owned multinational enterprises 
C)  The decline of non-U.S. multinationals 
D)  The growth of mini-multinationals 
A)  The decline of multinational companies in the manufacturing sector 
B)  The growth of government-owned multinational enterprises 
C)  The decline of non-U.S. multinationals 
D)  The growth of mini-multinationals

Question 19

Which of the following is true of the supporters of debt relief for HIPCs?

Accepted Answer

A)  They argue that free trade alone is sufficient to bring HIPCs out of poverty. 
B)  They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors. 
C)  They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks. 
D)  They are working against the policies of the IMF and World Bank. 
A)  They argue that free trade alone is sufficient to bring HIPCs out of poverty. 
B)  They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors. 
C)  They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks. 
D)  They are working against the policies of the IMF and World Bank.

Question 20

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

Accepted Answer

A)  a slowdown in global economic activity. 
B)  the increasing share of the United States in the total FDI stock. 
C)  the decline in cross-border flows of foreign direct investment. 
D)  the increasing internationalization of business corporations. 
A)  a slowdown in global economic activity. 
B)  the increasing share of the United States in the total FDI stock. 
C)  the decline in cross-border flows of foreign direct investment. 
D)  the increasing internationalization of business corporations.

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

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Early outsourcing efforts were primarily confined to _____.

The G20 was originally established to:

Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade.

Which of the following statements is true regarding an international business?

In 2009, the financial crisis in the United States was triggered by:

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels. According to this, as an economy grows and income levels rise:

Which of the following is true regarding international businesses?

World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

If China continues to move toward greater free market reforms they:

The average tariff rates for manufactured goods have fallen significantly since 1950 and now stand at about _____.

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Since the 1960s, which of the following has been a notable trend in the demographics of the multinational enterprise?

Which of the following is true of the supporters of debt relief for HIPCs?

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

National Differences in Political Economy, 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 Trade Pacts Give the Mexican Auto Industry an Edge

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 RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 1: Globalization

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

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Early outsourcing efforts were primarily confined to _____.

The G20 was originally established to:

Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade.

Which of the following statements is true regarding an international business?

In 2009, the financial crisis in the United States was triggered by:

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels. According to this, as an economy grows and income levels rise:

Which of the following is true regarding international businesses?

World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

If China continues to move toward greater free market reforms they:

The average tariff rates for manufactured goods have fallen significantly since 1950 and now stand at about _____.

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Since the 1960s, which of the following has been a notable trend in the demographics of the multinational enterprise?

Which of the following is true of the supporters of debt relief for HIPCs?

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

National Differences in Political Economy, 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 Trade Pacts Give the Mexican Auto Industry an Edge

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 RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters