Question 1

Who was Russia's first democratically elected president?

Accepted Answer

A)   Mikhail Baryshnikov
B)   Mikhail Gorbachev
C)   Boris Yeltsin
D)   Vladimir Putin C

Question 2

By evaluating the income level of a nation, a firm can assess the purchasing power of citizens and the status of the public infrastructure.

Accepted Answer

A) True 
 B)False  True

Question 3

What is the most significant problem for Singapore today?

Accepted Answer

A)   Chinese control
B)   shipping costs
C)   labor shortages
D)   low technological expertise C

Question 4

________ is the dominant market for Canadian goods.

Accepted Answer

A)   The European Union
B)   The United States
C)   China
D)   Mexico

Question 5

The countries of North America produce approximately ________ percent of the world's output.

Accepted Answer

A)   18
B)   29
C)   45
D)   52

Question 6

Brazil's poverty reduction program offers cash to families who keep their children in school and participate in public health programs.

Accepted Answer

A) True 
 B)False

Question 7

All four countries that are part of the Four Tigers have a Chinese heritage.

Accepted Answer

A) True 
 B)False

Question 8

Japan's remarkable growth rate has continued into the twenty-first century.

Accepted Answer

A) True 
 B)False

Question 9

________ is the currency in which the sale of goods and services is denominated.

Accepted Answer

A)   Flight capital
B)   Euro currency
C)   Invoicing currency
D)   Capital substitution

Question 10

South American producers rely on mass production and economies of scale for their success in international markets.

Accepted Answer

A) True 
 B)False

Question 11

Which country has the highest per capita income in North America?

Accepted Answer

A)   the United States
B)   Central America
C)   Canada
D)   Mexico

Question 12

What are import and export substitution policies? How have these policies affected Asian and South American markets?

Accepted Answer

The answer of What are import and export substitution policies?...

Question 13

ITX Enterprises, an electronics firm, plans to open a new manufacturing facility. Managers are considering building the new plant in Canada. Which of the following is a risk associated with a Canadian expansion?

Accepted Answer

A)   unstable federal and state governments
B)   inadequate secondary education systems
C)   political instability related to language conflicts
D)   shrinking supply of natural resources for exporting

Question 14

In 2016, Singapore's exports totaled 161 percent of its GDP. Briefly explain how this is possible.

Accepted Answer

The answer of In 2016, Singapore's exports totaled 161 percent...

Question 15

Export promotion has been successfully applied by which of the countries listed below?

Accepted Answer

A)   Taiwan
B)   Cuba
C)   Argentina
D)   Brazil

Question 16

Because of its past colonial relationship, France has a competitive advantage in which of the countries listed below?

Accepted Answer

A)   Botswana
B)   Chad
C)   Kenya
D)   the Republic of South Africa

Question 17

________ is the money sent out of a politically or economically unstable country to one perceived as a safe haven.

Accepted Answer

A)   Invoicing currency
B)   Flight capital
C)   Capital substitution
D)   Foreign currency

Question 18

All of the countries that were aligned with the former Soviet Union are classified as lower-income countries.

Accepted Answer

A) True 
 B)False

Question 19

China has designated Hong Kong as a special administrative region. How did this occur? What does this mean for Hong Kong? Be sure to address how this designation relates to international business concerns.

Accepted Answer

The answer of China has designated Hong Kong as a...

Question 20

China possesses the world's largest economy.

Accepted Answer

A) True 
 B)False

Exam 2: Global Marketplaces and Business Centers

Who was Russia's first democratically elected president?

By evaluating the income level of a nation, a firm can assess the purchasing power of citizens and the status of the public infrastructure.

What is the most significant problem for Singapore today?

________ is the dominant market for Canadian goods.

The countries of North America produce approximately ________ percent of the world's output.

Brazil's poverty reduction program offers cash to families who keep their children in school and participate in public health programs.

All four countries that are part of the Four Tigers have a Chinese heritage.

Japan's remarkable growth rate has continued into the twenty-first century.

________ is the currency in which the sale of goods and services is denominated.

South American producers rely on mass production and economies of scale for their success in international markets.

Which country has the highest per capita income in North America?

What are import and export substitution policies? How have these policies affected Asian and South American markets?

ITX Enterprises, an electronics firm, plans to open a new manufacturing facility. Managers are considering building the new plant in Canada. Which of the following is a risk associated with a Canadian expansion?

In 2016, Singapore's exports totaled 161 percent of its GDP. Briefly explain how this is possible.

Export promotion has been successfully applied by which of the countries listed below?

Because of its past colonial relationship, France has a competitive advantage in which of the countries listed below?

________ is the money sent out of a politically or economically unstable country to one perceived as a safe haven.

All of the countries that were aligned with the former Soviet Union are classified as lower-income countries.

China has designated Hong Kong as a special administrative region. How did this occur? What does this mean for Hong Kong? Be sure to address how this designation relates to international business concerns.

China possesses the world's largest economy.