Question 1

Which of the following is a risk associated with globalization?

Accepted Answer

A)  Restrictions on competition 
B)  Global financial contagion 
C)  Excessive market regulation 
D)  Differentiation of markets 
A)  Restrictions on competition 
B)  Global financial contagion 
C)  Excessive market regulation 
D)  Differentiation of markets

Question 2

Between 1960 and 2013, the U.S. share of world exports of goods and services:

Accepted Answer

A)  has increased from 9.7% to 38.3%. 
B)  has decreased from more than 20% to 9.7%. 
C)  has slipped to second place, behind only Japan. 
D)  although in decline, has remained in first place with China a close second. 
A)  has increased from 9.7% to 38.3%. 
B)  has decreased from more than 20% to 9.7%. 
C)  has slipped to second place, behind only Japan. 
D)  although in decline, has remained in first place with China a close second.

Question 3

The shift toward a more integrated and interdependent world economy is referred to as _____.

Accepted Answer

A)  outsourcing 
B)  international marketing 
C)  privatization 
D)  globalization 
A)  outsourcing 
B)  international marketing 
C)  privatization 
D)  globalization

Question 4

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Accepted Answer

A) True 
 B)False

Question 5

The most global markets currently are markets for consumer products.

Accepted Answer

A) True 
 B)False

Question 6

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 7

The World Trade Organization promotes the:

Accepted Answer

A)  lowering of barriers to cross-border trade and investment. 
B)  development of poor nations through low-interest loans. 
C)  state ownership of major enterprises. 
D)  regulation of national economies. 
A)  lowering of barriers to cross-border trade and investment. 
B)  development of poor nations through low-interest loans. 
C)  state ownership of major enterprises. 
D)  regulation of national economies.

Question 8

Which of the following is true of the IMF?

Accepted Answer

A)  It is often seen as the lender of first choice to nation-states whose economies are in turmoil. 
B)  Its loans come with no strings attached. 
C)  It is the less controversial of the two sister institutions, the IMF and the World Bank. 
D)  It has emerged as a significant player in the global economy. 
A)  It is often seen as the lender of first choice to nation-states whose economies are in turmoil. 
B)  Its loans come with no strings attached. 
C)  It is the less controversial of the two sister institutions, the IMF and the World Bank. 
D)  It has emerged as a significant player in the global economy.

Question 9

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 10

Globalization of markets results in markets becoming _____.

Accepted Answer

A)  more interdependent 
B)  less diverse 
C)  more protected 
D)  less competitive 
A)  more interdependent 
B)  less diverse 
C)  more protected 
D)  less competitive

Question 11

Which of the following has enabled globalization of markets?

Accepted Answer

A)  Marginal differentiation among national markets 
B)  Falling barriers to cross border trade 
C)  Reduced homogeneity of material culture across the world 
D)  Increased government ownership of factors of production 
A)  Marginal differentiation among national markets 
B)  Falling barriers to cross border trade 
C)  Reduced homogeneity of material culture across the world 
D)  Increased government ownership of factors of production

Question 12

Which of the following is a consequence of globalization?

Accepted Answer

A)  Decreasing interdependence between national economies 
B)  Increasing outsourcing of services 
C)  Differentiation of material culture 
D)  Increase in barriers to cross-border trade 
A)  Decreasing interdependence between national economies 
B)  Increasing outsourcing of services 
C)  Differentiation of material culture 
D)  Increase in barriers to cross-border trade

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A U.S. investment firm, Fin-Smart, set up a customer service call center in India to take advantage of the lower labor costs. This is called ____.

Accepted Answer

A)  homogenizing markets 
B)  vertical integration 
C)  international outsourcing 
D)  horizontal integration 
A)  homogenizing markets 
B)  vertical integration 
C)  international outsourcing 
D)  horizontal integration

Question 15

A firm does not have to become a multinational enterprise to engage in international business.

Accepted Answer

A) True 
 B)False

Which of the following is a risk associated with globalization?

Between 1960 and 2013, the U.S. share of world exports of goods and services:

The shift toward a more integrated and interdependent world economy is referred to as _____.

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

The most global markets currently are markets for consumer products.

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.

The World Trade Organization promotes the:

Which of the following is true of the IMF?

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

Globalization of markets results in markets becoming _____.

Which of the following has enabled globalization of markets?

Which of the following is a consequence of globalization?

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

A U.S. investment firm, Fin-Smart, set up a customer service call center in India to take advantage of the lower labor costs. This is called ____.

A firm does not have to become a multinational enterprise to engage in international business.

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

Which of the following is a risk associated with globalization?

Between 1960 and 2013, the U.S. share of world exports of goods and services:

The shift toward a more integrated and interdependent world economy is referred to as _____.

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

The most global markets currently are markets for consumer products.

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.

The World Trade Organization promotes the:

Which of the following is true of the IMF?

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

Globalization of markets results in markets becoming _____.

Which of the following has enabled globalization of markets?

Which of the following is a consequence of globalization?

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

A U.S. investment firm, Fin-Smart, set up a customer service call center in India to take advantage of the lower labor costs. This is called ____.

A firm does not have to become a multinational enterprise to engage in international business.

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