Question 1

One difference between a customs union and a free trade area is that the customs union:

Accepted Answer

A)  adds external tariffs to nonmember countries. 
B)  adds higher taxes to its consumers. 
C)  refuses to import from nonmember nations. 
D)  demands that a common currency be used among members. 
E)  requires that member countries align themselves politically. 
A)  adds external tariffs to nonmember countries. 
B)  adds higher taxes to its consumers. 
C)  refuses to import from nonmember nations. 
D)  demands that a common currency be used among members. 
E)  requires that member countries align themselves politically.

Question 2

Regulating international e-commerce does not require cross-border cooperation.

Accepted Answer

A) True 
 B)False

Question 3

One hurdle that used to protect information from being acquired easily was that it was unfungible. Unfungible means:

Accepted Answer

A)  information contained viruses. 
B)  information was expensive. 
C)  information could only be processed with proper equipment. 
D)  information was not for the uninformed. 
E)  it was difficult to replace one item with another. 
A)  information contained viruses. 
B)  information was expensive. 
C)  information could only be processed with proper equipment. 
D)  information was not for the uninformed. 
E)  it was difficult to replace one item with another.

Question 4

The main operating principle of the General Agreements of Tariffs and Trade (GATT)
is the concept of the Highly Favored Nation status (HFN).

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an example of an international trading bloc?

Accepted Answer

A)  World Trade Organization. 
B)  GATT. 
C)  the World Court in the Hague. 
D)  NAFTA. 
E)  United Nations 
A)  World Trade Organization. 
B)  GATT. 
C)  the World Court in the Hague. 
D)  NAFTA. 
E)  United Nations

Question 6

When firms invest in manufacturing and distribution facilities outside their home countries, they add the stock of _________________________________.

Accepted Answer

A)  global direct investment. 
B)  regional direct investment. 
C)  local direct investment. 
D)  foreign direct investment (FDI). 
E)  none of the above. 
A)  global direct investment. 
B)  regional direct investment. 
C)  local direct investment. 
D)  foreign direct investment (FDI). 
E)  none of the above.

Question 7

The Maastricht Treaty succeeded the:

Accepted Answer

A)  Treaty of Brussels. 
B)  Treaty of Rome. 
C)  Treaty of Geneva. 
D)  Treaty of Paris. 
E)  Treaty of Vienna. 
A)  Treaty of Brussels. 
B)  Treaty of Rome. 
C)  Treaty of Geneva. 
D)  Treaty of Paris. 
E)  Treaty of Vienna.

Question 8

The Maastricht Treaty is a(n):

Accepted Answer

A)  economic union. 
B)  development union. 
C)  transnational union. 
D)  political union. 
E)  national union. 
A)  economic union. 
B)  development union. 
C)  transnational union. 
D)  political union. 
E)  national union.

Question 9

A ___________________ is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner
Countries.

Accepted Answer

A)  trade union 
B)  regional cooperative 
C)  customs union 
D)  common market 
E)  free trade area 
A)  trade union 
B)  regional cooperative 
C)  customs union 
D)  common market 
E)  free trade area

Question 10

Which nation is the world's largest exporter?

Accepted Answer

A)  United States 
B)  China 
C)  Netherlands 
D)  Germany 
E)  Japan 
A)  United States 
B)  China 
C)  Netherlands 
D)  Germany 
E)  Japan

Question 11

In December 1999, WTO launched what would have become the beginning of a ___________ round of negotiations inaugurated in Seattle, Washington.

Accepted Answer

A)  fifth 
B)  sixth 
C)  seventh 
D)  eighth 
E)  ninth 
A)  fifth 
B)  sixth 
C)  seventh 
D)  eighth 
E)  ninth

Question 12

One way around having your intellectual property copied (such as software) because of easy access is to sell:

Accepted Answer

A)  demos. 
B)  to new markets. 
C)  to governments. 
D)  upgrades or ancillary products. 
E)  only to a chosen few. 
A)  demos. 
B)  to new markets. 
C)  to governments. 
D)  upgrades or ancillary products. 
E)  only to a chosen few.

Question 13

Perhaps the most important accomplishment of the latest GATT round was the establishment of:

Accepted Answer

A)  the World Trade Organization (WTO). 
B)  the Asian Development Bank. 
C)  the World Bank. 
D)  the International Monetary Fund (IMF). 
E)  the International Finance Corp. (IF
C) . 
A)  the World Trade Organization (WTO). 
B)  the Asian Development Bank. 
C)  the World Bank. 
D)  the International Monetary Fund (IMF). 
E)  the International Finance Corp. (IF
C) .

Question 14

Which of the following countries is NOT on the list of top 10 exporters?

Accepted Answer

A)  Korea 
B)  Mexico 
C)  China 
D)  United States 
E)  Both a and b 
A)  Korea 
B)  Mexico 
C)  China 
D)  United States 
E)  Both a and b

Question 15

The ________________ volume of international trade in currencies exceeds the annual value of the trade in goods and services.

Accepted Answer

A)  daily 
B)  weekly 
C)  monthly 
D)  annual 
E)  none of the above 
A)  daily 
B)  weekly 
C)  monthly 
D)  annual 
E)  none of the above

Question 16

The World Trade Organization was created in the eighth round of the GATT talks - called the ________________________ that lasted from 1986 to 1994.

Accepted Answer

A)  Brussels Round 
B)  Paris Round 
C)  Morocco Round 
D)  Paraguay Round 
E)  none of the above 
A)  Brussels Round 
B)  Paris Round 
C)  Morocco Round 
D)  Paraguay Round 
E)  none of the above

Question 17

The principle goal of a political union is that it:

Accepted Answer

A)  can buy goods from one another. 
B)  can refuse to buy goods from nonmembers. 
C)  can switch to a common currency and a central bank. 
D)  gives up all sovereignty among individual members. 
E)  no longer recognizes national boundaries. 
A)  can buy goods from one another. 
B)  can refuse to buy goods from nonmembers. 
C)  can switch to a common currency and a central bank. 
D)  gives up all sovereignty among individual members. 
E)  no longer recognizes national boundaries.

Question 18

Which of the following countries is not considered to be a big emerging market?

Accepted Answer

A)  Mexico 
B)  Brazil 
C)  Russia 
D)  India 
E)  China 
A)  Mexico 
B)  Brazil 
C)  Russia 
D)  India 
E)  China

Question 19

Researchers have reported that multinationals have not been as great a threat to countries' national sovereignty because multinationals have yet to solve the
Problem of:

Accepted Answer

A)  demand. 
B)  size. 
C)  war. 
D)  religious conflict. 
E)  language differences. 
A)  demand. 
B)  size. 
C)  war. 
D)  religious conflict. 
E)  language differences.

Question 20

Which of the top 10 countries in competitiveness does NOT suffer from a lack of natural resources?

Accepted Answer

A)  Japan 
B)  Netherlands 
C)  Switzerland 
D)  Denmark 
E)  Canada 
A)  Japan 
B)  Netherlands 
C)  Switzerland 
D)  Denmark 
E)  Canada

One difference between a customs union and a free trade area is that the customs union:

Regulating international e-commerce does not require cross-border cooperation.

One hurdle that used to protect information from being acquired easily was that it was unfungible. Unfungible means:

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

Which of the following is an example of an international trading bloc?

When firms invest in manufacturing and distribution facilities outside their home countries, they add the stock of _________________________________.

The Maastricht Treaty succeeded the:

The Maastricht Treaty is a(n):

A ___________________ is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner Countries.

Which nation is the world's largest exporter?

In December 1999, WTO launched what would have become the beginning of a ___________ round of negotiations inaugurated in Seattle, Washington.

One way around having your intellectual property copied (such as software) because of easy access is to sell:

Perhaps the most important accomplishment of the latest GATT round was the establishment of:

Which of the following countries is NOT on the list of top 10 exporters?

The ________________ volume of international trade in currencies exceeds the annual value of the trade in goods and services.

The World Trade Organization was created in the eighth round of the GATT talks - called the ________________________ that lasted from 1986 to 1994.

The principle goal of a political union is that it:

Which of the following countries is not considered to be a big emerging market?

Researchers have reported that multinationals have not been as great a threat to countries' national sovereignty because multinationals have yet to solve the Problem of:

Which of the top 10 countries in competitiveness does NOT suffer from a lack of natural resources?

Globalization Imperative

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 2: Economic Environment

One difference between a customs union and a free trade area is that the customs union:

Regulating international e-commerce does not require cross-border cooperation.

One hurdle that used to protect information from being acquired easily was that it was unfungible. Unfungible means:

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

Which of the following is an example of an international trading bloc?

When firms invest in manufacturing and distribution facilities outside their home countries, they add the stock of _________________________________.

The Maastricht Treaty succeeded the:

The Maastricht Treaty is a(n):

A ___________________ is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner Countries.

Which nation is the world's largest exporter?

In December 1999, WTO launched what would have become the beginning of a ___________ round of negotiations inaugurated in Seattle, Washington.

One way around having your intellectual property copied (such as software) because of easy access is to sell:

Perhaps the most important accomplishment of the latest GATT round was the establishment of:

Which of the following countries is NOT on the list of top 10 exporters?

The ________________ volume of international trade in currencies exceeds the annual value of the trade in goods and services.

The World Trade Organization was created in the eighth round of the GATT talks - called the ________________________ that lasted from 1986 to 1994.

The principle goal of a political union is that it:

Which of the following countries is not considered to be a big emerging market?

Researchers have reported that multinationals have not been as great a threat to countries' national sovereignty because multinationals have yet to solve the Problem of:

Which of the top 10 countries in competitiveness does NOT suffer from a lack of natural resources?

Globalization Imperative

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters