Question 1

Which of the following is most likely a true statement about New Zealand?

Accepted Answer

A)  The country prohibits privatization in most industries. 
B)  Most of the country's population lives on the South Island. 
C)  The country primarily relies on its gold and coal resources. 
D)  Merchandise trade is extremely important to the country's GDP.

Question 2

Over the last two decades, Mexico has been relatively closed to foreign goods and investors.

Accepted Answer

A) True 
 B)False

Question 3

When a firm makes a sale of goods denominated in Japanese yen, the yen is referred to as ________.

Accepted Answer

A)  flight capital 
B)  export capital 
C)  the invoicing currency 
D)  the transaction currency

Question 4

What economic reforms have occurred in India? What has been the impact of these reforms on India's economy?

Accepted Answer

The answer of What economic reforms have occurred in India?...

Question 5

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

Question 6

Singapore's economy relies on reexporting.

Accepted Answer

A) True 
 B)False

Question 7

All of the following except ________ are typical exports from New Zealand.

Accepted Answer

A)  dairy products 
B)  meat 
C)  wool 
D)  petroleum

Question 8

What do perestroika and glasnost mean? How do these concepts relate to the Russian economy?

Accepted Answer

The answer of What do perestroika and glasnost mean? How...

Question 9

What does chaebol mean? What has been the history of chaebol?

Accepted Answer

The answer of What does chaebol mean? What has been...

Question 10

Why do you think the mining industry has been so profitable in recent years?

Accepted Answer

The answer of Why do you think the mining industry...

Question 11

How important is international trade to the U.S. economy? Which country is the largest trading partner to the U.S.?

Accepted Answer

The answer of How important is international trade to the...

Question 12

Who was Russia's first democratically elected president?

Accepted Answer

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

Question 13

How many countries currently participate in the European Union's common currency, the euro?

Accepted Answer

A)  12 
B)  17 
C)  22 
D)  27

Question 14

Who was responsible for introducing glasnost and perestroika to the Soviet Union?

Accepted Answer

A)  Czar Nicholas II 
B)  Boris Yeltsin 
C)  Vladimir Putin 
D)  Mikhail Gorbachev

Question 15

________ 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 16

Asia is a source of both skilled and unskilled labor.

Accepted Answer

A) True 
 B)False

Question 17

The Japanese term sogo sosha refers to a(n) ________.

Accepted Answer

A)  major Japanese bank 
B)  family of interrelated companies 
C)  export trading company 
D)  supplier

Question 18

The Newly Independent States refers to the ________.

Accepted Answer

A)  Central European countries 
B)  former Soviet republics 
C)  largest African nations 
D)  Four Tigers

Question 19

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 20

U.S. exports of goods and services in 2010 accounted for about ________ percent of U.S. GDP.

Accepted Answer

A)  12 
B)  23 
C)  30 
D)  45

Exam 2: Global Marketplaces and Business Centers

Which of the following is most likely a true statement about New Zealand?

Over the last two decades, Mexico has been relatively closed to foreign goods and investors.

When a firm makes a sale of goods denominated in Japanese yen, the yen is referred to as ________.

What economic reforms have occurred in India? What has been the impact of these reforms on India's economy?

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

Singapore's economy relies on reexporting.

All of the following except ________ are typical exports from New Zealand.

What do perestroika and glasnost mean? How do these concepts relate to the Russian economy?

What does chaebol mean? What has been the history of chaebol?

Why do you think the mining industry has been so profitable in recent years?

How important is international trade to the U.S. economy? Which country is the largest trading partner to the U.S.?

Who was Russia's first democratically elected president?

How many countries currently participate in the European Union's common currency, the euro?

Who was responsible for introducing glasnost and perestroika to the Soviet Union?

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

Asia is a source of both skilled and unskilled labor.

The Japanese term sogo sosha refers to a(n) ________.

The Newly Independent States refers to the ________.

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?

U.S. exports of goods and services in 2010 accounted for about ________ percent of U.S. GDP.