Exam 2: Economic Environment

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As of March 2, 2013, the World Trade Organization (WTO) had 159 member countries.

(True/False)
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The U.S. government defines the multinational company for statistical purposes as a company that owns or controls ______________ or more of the voting securities, or The equivalent, of at least one foreign business enterprise.

(Multiple Choice)
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One consequence of fungible content, information products, and electronic networks is an additional assault on the power of national governments to regulate international commerce.

(True/False)
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According to the textbook, Japan was expected to be ranked number _______ on the 2005 Country Innovativeness Ranking.

(Multiple Choice)
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The World Trade Organization (WTO) took effect on:

(Multiple Choice)
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The world's largest exporting country is China.

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An example of portfolio investment (or indirect investment) in foreign markets is:

(Multiple Choice)
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In the U.S., the Federal Trade Commission (FTC) is in charge of cases where entities are trying to mislead the public and commit fraud.

(True/False)
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Regarding regional integration, South American markets are still less open than those of East Asia.

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Which country has shown the most progress in competitiveness since 2005?

(Multiple Choice)
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__________________ refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds).

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A monetary union represents the ____________ level of integration with a single common currency among politically independent countries.

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Triad regions of the world include:

(Multiple Choice)
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The Uruguay Round set up an international body called the World Trade Organization (WTO).

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UNCITRAL stands for:

(Multiple Choice)
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Which country consistently achieves the highest growth rates in GDP?

(Multiple Choice)
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Over the Internet, any piece of electronically represented intellectual property can be instantly copied anywhere in the world.

(True/False)
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Some of the greatest challenges in trade in the next century will come in the areas of information technology and intellectual property. Describe these challenges, the mechanisms that are in place to protect one's intellectual property, and how trade in general will be affected.

(Essay)
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A common market and a monetary union are basically the same thing.

(True/False)
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The world's largest importing country is the U.S.

(True/False)
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