Question 1

Discuss the concept of the globalization of production.

Accepted Answer

The globalization of production refers t

Question 2

Proponents of globalization and reduced trade restrictions would argue that they are largely responsible for:

Accepted Answer

A)  reducing by half the number of people living in extreme poverty, howbeit, five years later than the U.N.'s goal. 
B)  reducing by half the number of people living in extreme poverty five years ahead of the U.N.'s goal. 
C)  reducing by two-thirds the under-five mortality rate as scheduled by the U.N.'s goal. 
D)  reducing by half the number of people living without sustainable access to safe drinking water five years ahead of the U.N.'s goal. 
A)  reducing by half the number of people living in extreme poverty, howbeit, five years later than the U.N.'s goal. 
B)  reducing by half the number of people living in extreme poverty five years ahead of the U.N.'s goal. 
C)  reducing by two-thirds the under-five mortality rate as scheduled by the U.N.'s goal. 
D)  reducing by half the number of people living without sustainable access to safe drinking water five years ahead of the U.N.'s goal.

Question 3

The value of international trade in services now accounts for about _____ of the value of all international trade.

Accepted Answer

A)  15% 
B)  20% 
C)  30% 
D)  40% 
A)  15% 
B)  20% 
C)  30% 
D)  40%

Question 4

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

Accepted Answer

The globalization of markets refers to t

Question 5

What is the World Trade Organization? What is its role in the world economy?

Accepted Answer

The World Trade Organization (WTO) is pr

Question 6

The Uruguay Round provided:

Accepted Answer

A)  reduced protection for patents, trademarks, and copyrights. 
B)  enhanced protection for patents, trademarks, and copyrights. 
C)  increased trade barriers. 
D)  reduced coverage of services and manufactured goods. 
A)  reduced protection for patents, trademarks, and copyrights. 
B)  enhanced protection for patents, trademarks, and copyrights. 
C)  increased trade barriers. 
D)  reduced coverage of services and manufactured goods.

Question 7

After the United States, the second-largest source country of MNEs is:

Accepted Answer

A)  Japan. 
B)  China. 
C)  a tie between France and the United Kingdom. 
D)  a tie between Germany and the United Kingdom. 
A)  Japan. 
B)  China. 
C)  a tie between France and the United Kingdom. 
D)  a tie between Germany and the United Kingdom.

Question 8

An international business, unlike a multinational enterprise:

Accepted Answer

A)  needs to have manufacturing units in at least two foreign nations. 
B)  needs to manufacture products or provide services that target a global market. 
C)  need not customize its products to the requirements of national markets. 
D)  need not invest directly in operations in other countries. 
A)  needs to have manufacturing units in at least two foreign nations. 
B)  needs to manufacture products or provide services that target a global market. 
C)  need not customize its products to the requirements of national markets. 
D)  need not invest directly in operations in other countries.

Question 9

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) wa

Question 10

Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?

Accepted Answer

A)  The WTO 
B)  The GATT 
C)  The World Bank 
D)  The IMF 
A)  The WTO 
B)  The GATT 
C)  The World Bank 
D)  The IMF

Question 11

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, _____ represent an important exception.

Accepted Answer

A)  sulfur dioxide emissions 
B)  lead concentrations 
C)  carbon dioxide emissions 
D)  water quality standards 
A)  sulfur dioxide emissions 
B)  lead concentrations 
C)  carbon dioxide emissions 
D)  water quality standards

Question 12

The rise 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 13

Which of the following factors hinders globalization of consumer goods market?

Accepted Answer

A)  National differences in tastes and preferences 
B)  Higher production costs in developed nations 
C)  Homogenization of material culture 
D)  Increased outsourcing of goods and services 
A)  National differences in tastes and preferences 
B)  Higher production costs in developed nations 
C)  Homogenization of material culture 
D)  Increased outsourcing of goods and services

Question 14

Which of the following is a reason that little progress has been made toward the ambitious goals set at the 1992 Earth Summit in Rio de Janeiro?

Accepted Answer

A)  China has shown a strong appetite to adopt tighter pollution controls. 
B)  Political cooperation in the U.S. Congress promotes domestic action. 
C)  There is a culture of denial in the United States. 
D)  Trade liberalization efforts have not been rolled back. 
A)  China has shown a strong appetite to adopt tighter pollution controls. 
B)  Political cooperation in the U.S. Congress promotes domestic action. 
C)  There is a culture of denial in the United States. 
D)  Trade liberalization efforts have not been rolled back.

Question 15

Discuss the characteristics of globalization. Use an example in your discussion.

Accepted Answer

Globalization refers to a fundamental sh

Question 16

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 17

The World Bank is known as the lender of the last resort.

Accepted Answer

A) True 
 B)False

Question 18

In order to be classified as an MNE, a company must have productive activities in at least _____ countries.

Accepted Answer

A)  two 
B)  three 
C)  four 
D)  twenty 
A)  two 
B)  three 
C)  four 
D)  twenty

Question 19

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 20

Based on several studies, the data suggest that real wages:

Accepted Answer

A)  for unskilled workers have decreased while real wages for skilled workers have increased. 
B)  for both skilled and unskilled labor have decreased. 
C)  for both skilled and unskilled labor have increased. 
D)  for unskilled workers have increased while real wages for skilled worker have decreased. 
A)  for unskilled workers have decreased while real wages for skilled workers have increased. 
B)  for both skilled and unskilled labor have decreased. 
C)  for both skilled and unskilled labor have increased. 
D)  for unskilled workers have increased while real wages for skilled worker have decreased.

Discuss the concept of the globalization of production.

Proponents of globalization and reduced trade restrictions would argue that they are largely responsible for:

The value of international trade in services now accounts for about _____ of the value of all international trade.

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

What is the World Trade Organization? What is its role in the world economy?

The Uruguay Round provided:

After the United States, the second-largest source country of MNEs is:

An international business, unlike a multinational enterprise:

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

Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, _____ represent an important exception.

The rise of mini-multinationals means that:

Which of the following factors hinders globalization of consumer goods market?

Which of the following is a reason that little progress has been made toward the ambitious goals set at the 1992 Earth Summit in Rio de Janeiro?

Discuss the characteristics of globalization. Use an example in your discussion.

The two largest emitters of carbon dioxide are:

The World Bank is known as the lender of the last resort.

In order to be classified as an MNE, a company must have productive activities in at least _____ countries.

The volume of world trade in merchandised goods has been:

Based on several studies, the data suggest that real wages:

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

Discuss the concept of the globalization of production.

Proponents of globalization and reduced trade restrictions would argue that they are largely responsible for:

The value of international trade in services now accounts for about _____ of the value of all international trade.

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

What is the World Trade Organization? What is its role in the world economy?

The Uruguay Round provided:

After the United States, the second-largest source country of MNEs is:

An international business, unlike a multinational enterprise:

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

Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, _____ represent an important exception.

The rise of mini-multinationals means that:

Which of the following factors hinders globalization of consumer goods market?

Which of the following is a reason that little progress has been made toward the ambitious goals set at the 1992 Earth Summit in Rio de Janeiro?

Discuss the characteristics of globalization. Use an example in your discussion.

The two largest emitters of carbon dioxide are:

The World Bank is known as the lender of the last resort.

In order to be classified as an MNE, a company must have productive activities in at least _____ countries.

The volume of world trade in merchandised goods has been:

Based on several studies, the data suggest that real wages:

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