Question 1

Explain how geography of a nation influences its economic development.

Accepted Answer

The influential Harvard University econo

Question 2

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional. This is exemplified by ____.

Accepted Answer

A)  the Islamic resurgence 
B)  the popularization of modern gadgets 
C)  the adoption of Western culture 
D)  the higher levels of literacy and education 
A)  the Islamic resurgence 
B)  the popularization of modern gadgets 
C)  the adoption of Western culture 
D)  the higher levels of literacy and education

Question 3

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

Accepted Answer

A) True 
 B)False

Question 4

The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.

Accepted Answer

A) True 
 B)False

Question 5

The long-run monetary benefits of doing business in a country are a function of the size of the market, the present wealth of consumers in that market, and the likely future wealth of consumers.

Accepted Answer

A) True 
 B)False

Question 6

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

Accepted Answer

A) True 
 B)False

Question 7

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to innovations and entrepreneurial activity.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is true about Samuel Huntington?

Accepted Answer

A)  Samuel Huntington argues that there is a universal civilization based on widespread acceptance of Western democratic ideals. 
B)  Samuel Huntington argues that the rise of Islamic fundamentalism is a response to the alienation produced by modernization. 
C)  Samuel Huntington argues that global terrorism is a product of the static nature of traditional values and religious systems. 
D)  Samuel Huntington argues that many societies, by adopting the material paraphernalia of the modern world, are becoming more Western. 
A)  Samuel Huntington argues that there is a universal civilization based on widespread acceptance of Western democratic ideals. 
B)  Samuel Huntington argues that the rise of Islamic fundamentalism is a response to the alienation produced by modernization. 
C)  Samuel Huntington argues that global terrorism is a product of the static nature of traditional values and religious systems. 
D)  Samuel Huntington argues that many societies, by adopting the material paraphernalia of the modern world, are becoming more Western.

Question 9

Is privatization by itself enough to guarantee economic growth? Why? Explain using an example.

Accepted Answer

As privatization has proceeded around th

Question 10

The political economy of many of the world's nation-states has changed radically since the late 1980s. All of the following are trends that have been evident EXCEPT:

Accepted Answer

A)  a wave of democratic revolutions has swept the world. 
B)  totalitarian governments collapsed and have been replaced by democratically elected governments. 
C)  there has been a strong move away from centrally planned economies toward free market economic models. 
D)  mixed economies are fast replacing market economies. 
A)  a wave of democratic revolutions has swept the world. 
B)  totalitarian governments collapsed and have been replaced by democratically elected governments. 
C)  there has been a strong move away from centrally planned economies toward free market economic models. 
D)  mixed economies are fast replacing market economies.

Question 11

Economic growth appears to be a function of a country's capacity for growth and ___________.

Accepted Answer

A)  its previous economic success 
B)  its political environment 
C)  its free market system 
D)  its mixed economy 
A)  its previous economic success 
B)  its political environment 
C)  its free market system 
D)  its mixed economy

Question 12

Describe how overinvestment led to the 1997-98 financial crises in Southeast Asia.

Accepted Answer

In Asian states such as Indonesia, Thail

Question 13

A market with a large number of consumers, with low living standards will have a relatively large market when measured in economic terms.

Accepted Answer

A) True 
 B)False

Question 14

What are the factors that contribute to the risks of doing business in a country?

Accepted Answer

The risks of doing business in a country

Question 15

Explain why a well-functioning market economy requires strong legal systems?

Accepted Answer

A well-functioning market economy requir

Question 16

Totalitarian states promote human freedom and human development, which facilitates economic progress.

Accepted Answer

A) True 
 B)False

Question 17

What is gross national income? Is it related to purchasing power parity?

Accepted Answer

A common measure of economic development

Question 18

According to Amartya Sen, development should be:

Accepted Answer

A)  seen as a process of expanding the real freedoms that people experience. 
B)  seen as a non-political concept that focuses on the net income of a country. 
C)  should be viewed as a purely economic process. 
D)  assessed by material output measures such as GNI per capita. 
A)  seen as a process of expanding the real freedoms that people experience. 
B)  seen as a non-political concept that focuses on the net income of a country. 
C)  should be viewed as a purely economic process. 
D)  assessed by material output measures such as GNI per capita.

Question 19

The state can expropriate the profits from innovation through legal means.

Accepted Answer

A) True 
 B)False

Question 20

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Accepted Answer

A) True 
 B)False

Explain how geography of a nation influences its economic development.

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional. This is exemplified by ____.

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.

The long-run monetary benefits of doing business in a country are a function of the size of the market, the present wealth of consumers in that market, and the likely future wealth of consumers.

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to innovations and entrepreneurial activity.

Which of the following statements is true about Samuel Huntington?

Is privatization by itself enough to guarantee economic growth? Why? Explain using an example.

The political economy of many of the world's nation-states has changed radically since the late 1980s. All of the following are trends that have been evident EXCEPT:

Economic growth appears to be a function of a country's capacity for growth and ___________.

Describe how overinvestment led to the 1997-98 financial crises in Southeast Asia.

A market with a large number of consumers, with low living standards will have a relatively large market when measured in economic terms.

What are the factors that contribute to the risks of doing business in a country?

Explain why a well-functioning market economy requires strong legal systems?

Totalitarian states promote human freedom and human development, which facilitates economic progress.

What is gross national income? Is it related to purchasing power parity?

According to Amartya Sen, development should be:

The state can expropriate the profits from innovation through legal means.

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 3: Political Economy and Economic Development

Explain how geography of a nation influences its economic development.

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional. This is exemplified by ____.

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.

The long-run monetary benefits of doing business in a country are a function of the size of the market, the present wealth of consumers in that market, and the likely future wealth of consumers.

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to innovations and entrepreneurial activity.

Which of the following statements is true about Samuel Huntington?

Is privatization by itself enough to guarantee economic growth? Why? Explain using an example.

The political economy of many of the world's nation-states has changed radically since the late 1980s. All of the following are trends that have been evident EXCEPT:

Economic growth appears to be a function of a country's capacity for growth and ___________.

Describe how overinvestment led to the 1997-98 financial crises in Southeast Asia.

A market with a large number of consumers, with low living standards will have a relatively large market when measured in economic terms.

What are the factors that contribute to the risks of doing business in a country?

Explain why a well-functioning market economy requires strong legal systems?

Totalitarian states promote human freedom and human development, which facilitates economic progress.

What is gross national income? Is it related to purchasing power parity?

According to Amartya Sen, development should be:

The state can expropriate the profits from innovation through legal means.

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters