Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

With which country does the U.S. have the largest trade deficit?

Accepted Answer

A)  Germany 
B)  Japan 
C)  Canada 
D)  India 
E)  China 
A)  Germany 
B)  Japan 
C)  Canada 
D)  India 
E)  China

Question 3

A free trade area (FTA) 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) True 
 B)False

Question 4

Future trade flows are likely to move how?

Accepted Answer

A)  Among the Triad nations 
B)  Between the Triad nations and the BEMs 
C)  Among the BEMs 
D)  Between the Triad nations and the developing world 
E)  None of the above 
A)  Among the Triad nations 
B)  Between the Triad nations and the BEMs 
C)  Among the BEMs 
D)  Between the Triad nations and the developing world 
E)  None of the above

Question 5

The Free Trade Areas of the Americas (FTAA) was proposed in __________________.

Accepted Answer

A)  December 1994. 
B)  December 1995. 
C)  December 1996. 
D)  December 1997. 
E)  December 1998. 
A)  December 1994. 
B)  December 1995. 
C)  December 1996. 
D)  December 1997. 
E)  December 1998.

Question 6

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

Accepted Answer

A)  123 
B)  135 
C)  142 
D)  159 
E)  180 
A)  123 
B)  135 
C)  142 
D)  159 
E)  180

Question 7

India's average growth rate in GDP has been over:

Accepted Answer

A)  3 percent 
B)  5 percent 
C)  7 percent 
D)  9 percent 
E)  10 percent 
A)  3 percent 
B)  5 percent 
C)  7 percent 
D)  9 percent 
E)  10 percent

Question 8

The effect of a monetary union is that members:

Accepted Answer

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

Question 9

Trading in foreign currencies has an effect on world trade. For example, a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes
Exports:

Accepted Answer

A)  less expensive. 
B)  more expensive. 
C)  come under government control. 
D)  parallel with imports. 
E)  be banned. 
A)  less expensive. 
B)  more expensive. 
C)  come under government control. 
D)  parallel with imports. 
E)  be banned.

Question 10

GATT's successor is the World Trade Organization (WTO).

Accepted Answer

A) True 
 B)False

Question 11

One of the differences between WTO and GATT is that WTO's dispute settlement mechanism is:

Accepted Answer

A)  inferior. 
B)  faster and more automatic. 
C)  very limited. 
D)  controlled by the World Bank. 
E)  controlled by the negotiation section of the United Nations. 
A)  inferior. 
B)  faster and more automatic. 
C)  very limited. 
D)  controlled by the World Bank. 
E)  controlled by the negotiation section of the United Nations.

Question 12

Doha's Development Agenda (Doha Round) includes new trade talks-an actions program to resolve developing countries' complaints about the implementation of
Uruguay Round agreements, and an accord on ____________________________.

Accepted Answer

A)  Trade Related Aspects of Intellectual Property Rights 
B)  Services Related Aspects of Intellectual Property Rights 
C)  Regional Related Aspects of Intellectual Property Rights 
D)  Local Related Aspects of Intellectual Property Rights 
E)  National Related Aspects of Intellectual Property Rights 
A)  Trade Related Aspects of Intellectual Property Rights 
B)  Services Related Aspects of Intellectual Property Rights 
C)  Regional Related Aspects of Intellectual Property Rights 
D)  Local Related Aspects of Intellectual Property Rights 
E)  National Related Aspects of Intellectual Property Rights

Question 13

In 2008/2009 Country Competitiveness Report, 5 of the top 10 countries are Asian countries.

Accepted Answer

A) True 
 B)False

Question 14

The 1993's Maastricht Treaty succeeded the Treaty of Brussels.

Accepted Answer

A) True 
 B)False

Question 15

Any start-up firm becoming global at its first inception is called as 'born again firm'.

Accepted Answer

A) True 
 B)False

Question 16

The United States was ranked number _______ on the 2005 Country Innovativeness Ranking.

Accepted Answer

A)  one 
B)  two 
C)  four 
D)  five 
E)  six 
A)  one 
B)  two 
C)  four 
D)  five 
E)  six

Question 17

MNCs that become global at their first inception are called:

Accepted Answer

A)  born last firms. 
B)  born first firms. 
C)  born again firms. 
D)  born global firms. 
E)  none of the above 
A)  born last firms. 
B)  born first firms. 
C)  born again firms. 
D)  born global firms. 
E)  none of the above

Question 18

To improve on GATT the WTO was established. Explain what the WTO is, how it is different from GATT, and what specific functions the WTO is expected to perform.

Accepted Answer

The World Trade Organization (the WTO) i

Question 19

The sovereignty of _______________ will perhaps continue to weaken due to multinationals and the increasing integration of economies.

Accepted Answer

A)  cities 
B)  nations 
C)  regions 
D)  trading blocs 
E)  none of the above 
A)  cities 
B)  nations 
C)  regions 
D)  trading blocs 
E)  none of the above

Question 20

The World Trade Organization (WTO) was created in the _____________ of GATT talks---called the Uruguay Round.

Accepted Answer

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

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

With which country does the U.S. have the largest trade deficit?

A free trade area (FTA) is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries.

Future trade flows are likely to move how?

The Free Trade Areas of the Americas (FTAA) was proposed in __________________.

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

India's average growth rate in GDP has been over:

The effect of a monetary union is that members:

Trading in foreign currencies has an effect on world trade. For example, a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes Exports:

GATT's successor is the World Trade Organization (WTO).

One of the differences between WTO and GATT is that WTO's dispute settlement mechanism is:

Doha's Development Agenda (Doha Round) includes new trade talks-an actions program to resolve developing countries' complaints about the implementation of Uruguay Round agreements, and an accord on ____________________________.

In 2008/2009 Country Competitiveness Report, 5 of the top 10 countries are Asian countries.

The 1993's Maastricht Treaty succeeded the Treaty of Brussels.

Any start-up firm becoming global at its first inception is called as 'born again firm'.

The United States was ranked number _______ on the 2005 Country Innovativeness Ranking.

MNCs that become global at their first inception are called:

To improve on GATT the WTO was established. Explain what the WTO is, how it is different from GATT, and what specific functions the WTO is expected to perform.

The sovereignty of _______________ will perhaps continue to weaken due to multinationals and the increasing integration of economies.

The World Trade Organization (WTO) was created in the _____________ of GATT talks---called the Uruguay Round.

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

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

With which country does the U.S. have the largest trade deficit?

A free trade area (FTA) is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries.

Future trade flows are likely to move how?

The Free Trade Areas of the Americas (FTAA) was proposed in __________________.

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

India's average growth rate in GDP has been over:

The effect of a monetary union is that members:

Trading in foreign currencies has an effect on world trade. For example, a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes Exports:

GATT's successor is the World Trade Organization (WTO).

One of the differences between WTO and GATT is that WTO's dispute settlement mechanism is:

Doha's Development Agenda (Doha Round) includes new trade talks-an actions program to resolve developing countries' complaints about the implementation of Uruguay Round agreements, and an accord on ____________________________.

In 2008/2009 Country Competitiveness Report, 5 of the top 10 countries are Asian countries.

The 1993's Maastricht Treaty succeeded the Treaty of Brussels.

Any start-up firm becoming global at its first inception is called as 'born again firm'.

The United States was ranked number _______ on the 2005 Country Innovativeness Ranking.

MNCs that become global at their first inception are called:

To improve on GATT the WTO was established. Explain what the WTO is, how it is different from GATT, and what specific functions the WTO is expected to perform.

The sovereignty of _______________ will perhaps continue to weaken due to multinationals and the increasing integration of economies.

The World Trade Organization (WTO) was created in the _____________ of GATT talks---called the Uruguay Round.

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