Question 1

Doha Round paved the way for China and Singapore to get full membership in the
WTO.

Accepted Answer

A) True 
 B)False

Question 2

When GATT was successful in lowering tariff barriers to world trade, many nations created:

Accepted Answer

A)  cartels. 
B)  keiretsus. 
C)  joint ventures. 
D)  nontariff barriers. 
E)  boycotts. 
A)  cartels. 
B)  keiretsus. 
C)  joint ventures. 
D)  nontariff barriers. 
E)  boycotts.

Question 3

The Triad Regions of the world (North America, Western Europe, and Japan) were the major economies in most of the 20th century.

Accepted Answer

A) True 
 B)False

Question 4

New centers of innovative activity include which countries?

Accepted Answer

A)  Ireland 
B)  Israel 
C)  Singapore 
D)  Taiwan 
E)  All of the above 
A)  Ireland 
B)  Israel 
C)  Singapore 
D)  Taiwan 
E)  All of the above

Question 5

FTAA stands for Free Trade Area of the Americas.

Accepted Answer

A) True 
 B)False

Question 6

Global economy is becoming more ____________________.

Accepted Answer

A)  regional. 
B)  local. 
C)  isolated. 
D)  transnational. 
E)  intertwined. 
A)  regional. 
B)  local. 
C)  isolated. 
D)  transnational. 
E)  intertwined.

Question 7

A ________________ eliminates all tariffs and barriers to trade among members, adopts a common set of external tariffs on nonmembers, and removes all restrictions
On the flow of capital and labor among member nations.

Accepted Answer

A)  regional market 
B)  common market 
C)  monetary market 
D)  political market 
E)  customs market 
A)  regional market 
B)  common market 
C)  monetary market 
D)  political market 
E)  customs market

Question 8

Why did Nokia lose market share in China?

Accepted Answer

A)  Products were outdated 
B)  Products were too technical 
C)  Local producers appeared with a cheaper, adequate phone 
D)  Japan took away their market share 
E)  None of the above 
A)  Products were outdated 
B)  Products were too technical 
C)  Local producers appeared with a cheaper, adequate phone 
D)  Japan took away their market share 
E)  None of the above

Question 9

The World Economic Forum's Global Competitiveness Report placed two Asian Tigers (Taiwan and Singapore) among the world's top ______
Economies (along with the Finland, United States, Sweden, Denmark, Iceland,
Switzerland, Norway, and Australia).

Accepted Answer

A)  five 
B)  ten 
C)  twenty 
D)  twenty-five 
E)  thirty 
A)  five 
B)  ten 
C)  twenty 
D)  twenty-five 
E)  thirty

Question 10

NAFTA is the free trade area among Canada, the United States, and Chile.

Accepted Answer

A) True 
 B)False

Question 11

The U.S. government defines the multinational corporation for statistical purposes as
a company that owns or controls 60 percent or more of the voting securities, or the
equivalent of at least one foreign business enterprise.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A)  2 percent 
B)  4 percent 
C)  6 percent 
D)  8 percent 
E)  9 percent 
A)  2 percent 
B)  4 percent 
C)  6 percent 
D)  8 percent 
E)  9 percent

Question 13

In 2012, the GDP of the United States was ____________.

Accepted Answer

A)  $500 billion. 
B)  $800 billion. 
C)  $1 trillion. 
D)  $8 trillion. 
E)  $16 trillion. 
A)  $500 billion. 
B)  $800 billion. 
C)  $1 trillion. 
D)  $8 trillion. 
E)  $16 trillion.

Question 14

A common market eliminates all tariffs and other barriers to trade among members of
the common market.

Accepted Answer

A) True 
 B)False

Question 15

The World Trade Organization (WTO) is a global institutional proponent of free trade.

Accepted Answer

A) True 
 B)False

Question 16

An example of a free trade area would be:

Accepted Answer

A)  the European Union. 
B)  the Soviet Union. 
C)  the United Kingdom. 
D)  NAFTA. 
E)  the United Nations. 
A)  the European Union. 
B)  the Soviet Union. 
C)  the United Kingdom. 
D)  NAFTA. 
E)  the United Nations.

Question 17

Currently, Britain and France remain the principal opponents of ceding any part of the
sovereignty of the nation-state to any future political union in Europe.

Accepted Answer

A) True 
 B)False

Question 18

The WTO Work Program on _____________________ is in the process of defining the trade-related aspects of ___________________ that would fall under the
Parameters of WTO mandates.

Accepted Answer

A)  business commerce 
B)  electronic commerce 
C)  equity commerce 
D)  network commerce. 
E)  network commerce 
A)  business commerce 
B)  electronic commerce 
C)  equity commerce 
D)  network commerce. 
E)  network commerce

Doha Round paved the way for China and Singapore to get full membership in the WTO.

When GATT was successful in lowering tariff barriers to world trade, many nations created:

The Triad Regions of the world (North America, Western Europe, and Japan) were the major economies in most of the 20^th century.

New centers of innovative activity include which countries?

FTAA stands for Free Trade Area of the Americas.

Global economy is becoming more ____________________.

A ________________ eliminates all tariffs and barriers to trade among members, adopts a common set of external tariffs on nonmembers, and removes all restrictions On the flow of capital and labor among member nations.

Why did Nokia lose market share in China?

The World Economic Forum's Global Competitiveness Report placed two Asian Tigers (Taiwan and Singapore) among the world's top ______ Economies (along with the Finland, United States, Sweden, Denmark, Iceland, Switzerland, Norway, and Australia).

NAFTA is the free trade area among Canada, the United States, and Chile.

The U.S. government defines the multinational corporation for statistical purposes as a company that owns or controls 60 percent or more of the voting securities, or the equivalent of at least one foreign business enterprise.

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

In 2012, the GDP of the United States was ____________.

A common market eliminates all tariffs and other barriers to trade among members of the common market.

The World Trade Organization (WTO) is a global institutional proponent of free trade.

An example of a free trade area would be:

Currently, Britain and France remain the principal opponents of ceding any part of the sovereignty of the nation-state to any future political union in Europe.

The WTO Work Program on ___ is in the process of defining the trade-related aspects of _ that would fall under the Parameters of WTO mandates.

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

Doha Round paved the way for China and Singapore to get full membership in the WTO.

When GATT was successful in lowering tariff barriers to world trade, many nations created:

The Triad Regions of the world (North America, Western Europe, and Japan) were the major economies in most of the 20th century.

New centers of innovative activity include which countries?

FTAA stands for Free Trade Area of the Americas.

Global economy is becoming more ____________________.

A ________________ eliminates all tariffs and barriers to trade among members, adopts a common set of external tariffs on nonmembers, and removes all restrictions On the flow of capital and labor among member nations.

Why did Nokia lose market share in China?

The World Economic Forum's Global Competitiveness Report placed two Asian Tigers (Taiwan and Singapore) among the world's top ______ Economies (along with the Finland, United States, Sweden, Denmark, Iceland, Switzerland, Norway, and Australia).

NAFTA is the free trade area among Canada, the United States, and Chile.

The U.S. government defines the multinational corporation for statistical purposes as a company that owns or controls 60 percent or more of the voting securities, or the equivalent of at least one foreign business enterprise.

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

In 2012, the GDP of the United States was ____________.

A common market eliminates all tariffs and other barriers to trade among members of the common market.

The World Trade Organization (WTO) is a global institutional proponent of free trade.

An example of a free trade area would be:

Currently, Britain and France remain the principal opponents of ceding any part of the sovereignty of the nation-state to any future political union in Europe.

The WTO Work Program on _____________________ is in the process of defining the trade-related aspects of ___________________ that would fall under the Parameters of WTO mandates.

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

The Triad Regions of the world (North America, Western Europe, and Japan) were the major economies in most of the 20^th century.

The WTO Work Program on ___ is in the process of defining the trade-related aspects of _ that would fall under the Parameters of WTO mandates.