Question 1

Connor assured his foreign counterpart that the items would be shipped from St. Louis, Missouri, and arrive in about ten days to Lisbon, Portugal because the parts would stay in the same packing crate and be lifted directly from the truck onto the airplane rather than having to be repackaged. What innovation is Connor referring to?

Accepted Answer

A)   logistics
B)   communication
C)   containerization
D)   sustainability
E)   customizationF) B) and E)
G) C) and E)

Question 2

Analyze the antiglobalization protest that took place in Seattle in December 1999. What was being protested? Did the protest succeed? How was the protest viewed by the world?

Accepted Answer

Popular demonstrations against globaliza...

Question 3

Why did many nations impose high tariffs on imports of manufactured goods prior to World War II?

Accepted Answer

A)   to protect domestic industries from foreign competition
B)   to prevent the occurrence of the Great Depression
C)   to safeguard patents, copyrights, and trademarks
D)   to promote the trade of services over the trade of manufactured goods
E)   to deter any possible attempts to promote communismF) A) and D)
G) A) and B)

Question 4

The United Nations created the Millennium Development Goals to increase the number of entrepreneurial activities around the world.

Accepted Answer

A) True 
 B)False

Question 5

In recent years, the economies of the world's nation-states have become less intertwined as a result of international trade.

Accepted Answer

A) True 
 B)False

Question 6

Today, many of the former communist nations of Europe and Asia seem to share a commitment to democratic policies and free market economies.

Accepted Answer

A) True 
 B)False

Question 7

What are the roles of the International Monetary Fund (IMF) and the World Bank? Which of these institutions is more controversial? Why?

Accepted Answer

The International Monetary Fund (IMF) an...

Question 8

Briefly discuss the ways in which technological change has affected globalization.

Accepted Answer

The lowering of trade barriers made glob...

Question 9

According to the UN Charter, one of the four purposes of the UN is to

Accepted Answer

A)   be a center for harmonizing the actions of nations.
B)   encourage high tariffs on imports of manufactured goods.
C)   provide enhanced protection for patents.
D)   promote the establishment of multinational treaties.
E)   facilitate globalization of production.F) B) and D)
G) A) and C)

Question 10

An argument in support of the falling barriers to international trade and investment is that the falling barriers

Accepted Answer

A)   prohibit countries from specializing in the production of goods and services.
B)   drive the global economy toward greater prosperity.
C)   reduce the need to export jobs overseas.
D)   increase the bargaining power of business firms by decreasing the incomes of consumers.
E)   reduce attacks from foreign competitors.F) B) and C)
G) B) and D)

Question 11

Gerald bought his son, David, a computer two years ago. Recently, he decided to buy his daughter, Julian, a computer of her own. When applying Moore's Law to the two-year gap between the purchase of the computers, it is most likely that

Accepted Answer

A)   Gerald paid a higher price for Julian's computer.
B)   David's computer will have a microprocessor with better power than that of Julian's.
C)   both David's and Julian's computers would cost Gerald the same price.
D)   the microprocessor in Julian's computer will be more advanced in terms of power than that of David's.
E)   the power of the microprocessors, in both David and Julian's computers, would be the same.F) B) and C)
G) A) and C)

Question 12

Silver Fire Electric Inc., a U.S.-based company, has productive activities in more than two countries. Silver Fire Electric is what type of enterprise?

Accepted Answer

A)   state-owned
B)   universal
C)   private
D)   multinational
E)   publicF) B) and C)
G) B) and E)

Question 13

What is an accurate characterization of the role of international business investments in Latin America today?

Accepted Answer

A)   Foreign investment by Western international business is frowned upon.
B)   Debt and inflation are down and foreign investment is welcomed.
C)   Latin America is plagued with low growth, high debt, and hyperinflation which discourages investment.
D)   Latin American governments are purchasing businesses from private investors.
E)   There are fewer opportunities for investment because of communist rule.F) D) and E)
G) C) and D)

Question 14

Moore's law helps determine the most appropriate transportation method for a produced good.

Accepted Answer

A) True 
 B)False

Question 15

The WTO polices the world trading system, and without this organization, the globalization of markets might not be where it is today.

Accepted Answer

A) True 
 B)False

Question 16

When trade barriers began to fall, what was the motivation for much of the foreign direct investment by non-U.S. firms?

Accepted Answer

A)   desire to disperse production activities to optimal locations
B)   need to suppress emerging economies such as China, India, and Brazil
C)   demand for skilled workers in foreign nations
D)   lack of adequate environmental regulations
E)   establishment of multinational treatiesF) C) and D)
G) A) and D)

Question 17

Which global institution has focused on making low-interest loans to governments in poor nations that want to make significant infrastructure investments such as building a road or a bridge?

Accepted Answer

A)   World Trade Organization
B)   World Bank
C)   Peace Corps
D)   International Monetary Fund
E)   United NationsF) All of the above
G) B) and C)

Question 18

West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice is an example of the

Accepted Answer

A)   globalization of production.
B)   globalization of markets.
C)   dislocation of a developing nation's economy.
D)   restriction on foreign direct investment.
E)   regulation of the environmentF) A) and E)
G) A) and C)

Question 19

The World Trade Organization, the International Monetary Fund and its sister institution the World Bank, and the United Nations were all created by voluntary agreement between individual nation-states.

Accepted Answer

A) True 
 B)False

Question 20

Opponents to globalization believe that when U.S. companies outsource service activities, such as call centers, to a lower-cost foreign supplier, it results in

Accepted Answer

A)   higher living standards in those countries that "export" the jobs.
B)   higher unemployment in wealthy advanced economies such as the United States.
C)   an increase in the income levels in those nations that "export" the jobs.
D)   lower standards of living in those countries to which the jobs are exported.
E)   reduced specialization in the production of goods and services.F) C) and D)
G) A) and B)

Exam 1: Globalization

Why did many nations impose high tariffs on imports of manufactured goods prior to World War II?

Correct Answer
verified

According to the UN Charter, one of the four purposes of the UN is to

Correct Answer
verified

Which global institution has focused on making low-interest loans to governments in poor nations that want to make significant infrastructure investments such as building a road or a bridge?

Correct Answer
verified

Moore's law helps determine the most appropriate transportation method for a produced good.

Correct Answer
verified

The United Nations created the Millennium Development Goals to increase the number of entrepreneurial activities around the world.

Correct Answer
verified

Analyze the antiglobalization protest that took place in Seattle in December 1999. What was being protested? Did the protest succeed? How was the protest viewed by the world?

Correct Answer
verified
Popular demonstrations against globaliza...
View Answer

What are the roles of the International Monetary Fund (IMF) and the World Bank? Which of these institutions is more controversial? Why?

Correct Answer
verified
The International Monetary Fund (IMF) an...
View Answer

Silver Fire Electric Inc., a U.S.-based company, has productive activities in more than two countries. Silver Fire Electric is what type of enterprise?

Correct Answer
verified

The World Trade Organization, the International Monetary Fund and its sister institution the World Bank, and the United Nations were all created by voluntary agreement between individual nation-states.

Correct Answer
verified

Opponents to globalization believe that when U.S. companies outsource service activities, such as call centers, to a lower-cost foreign supplier, it results in

Correct Answer
verified

The WTO polices the world trading system, and without this organization, the globalization of markets might not be where it is today.

Correct Answer
verified

When trade barriers began to fall, what was the motivation for much of the foreign direct investment by non-U.S. firms?

Correct Answer
verified

What is an accurate characterization of the role of international business investments in Latin America today?

Correct Answer
verified

Gerald bought his son, David, a computer two years ago. Recently, he decided to buy his daughter, Julian, a computer of her own. When applying Moore's Law to the two-year gap between the purchase of the computers, it is most likely that

Correct Answer
verified

An argument in support of the falling barriers to international trade and investment is that the falling barriers

Correct Answer
verified

West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice is an example of the

Correct Answer
verified

Correct Answer
verified

Today, many of the former communist nations of Europe and Asia seem to share a commitment to democratic policies and free market economies.

Correct Answer
verified

In recent years, the economies of the world's nation-states have become less intertwined as a result of international trade.

Correct Answer
verified

Briefly discuss the ways in which technological change has affected globalization.

Correct Answer
verified
The lowering of trade barriers made glob...
View Answer

Exam 1: Globalization

Why did many nations impose high tariffs on imports of manufactured goods prior to World War II?

Correct AnswerverifiedShow Answer

According to the UN Charter, one of the four purposes of the UN is to

Correct AnswerverifiedShow Answer

Which global institution has focused on making low-interest loans to governments in poor nations that want to make significant infrastructure investments such as building a road or a bridge?

Correct AnswerverifiedShow Answer

Moore's law helps determine the most appropriate transportation method for a produced good.

Correct AnswerverifiedShow Answer

The United Nations created the Millennium Development Goals to increase the number of entrepreneurial activities around the world.

Correct AnswerverifiedShow Answer

Analyze the antiglobalization protest that took place in Seattle in December 1999. What was being protested? Did the protest succeed? How was the protest viewed by the world?

Correct AnswerverifiedPopular demonstrations against globaliza...View AnswerShow Answer

What are the roles of the International Monetary Fund (IMF) and the World Bank? Which of these institutions is more controversial? Why?

Correct AnswerverifiedThe International Monetary Fund (IMF) an...View AnswerShow Answer

Silver Fire Electric Inc., a U.S.-based company, has productive activities in more than two countries. Silver Fire Electric is what type of enterprise?

Correct AnswerverifiedShow Answer

The World Trade Organization, the International Monetary Fund and its sister institution the World Bank, and the United Nations were all created by voluntary agreement between individual nation-states.

Correct AnswerverifiedShow Answer

Opponents to globalization believe that when U.S. companies outsource service activities, such as call centers, to a lower-cost foreign supplier, it results in

Correct AnswerverifiedShow Answer

The WTO polices the world trading system, and without this organization, the globalization of markets might not be where it is today.

Correct AnswerverifiedShow Answer

When trade barriers began to fall, what was the motivation for much of the foreign direct investment by non-U.S. firms?

Correct AnswerverifiedShow Answer

What is an accurate characterization of the role of international business investments in Latin America today?

Correct AnswerverifiedShow Answer

Gerald bought his son, David, a computer two years ago. Recently, he decided to buy his daughter, Julian, a computer of her own. When applying Moore's Law to the two-year gap between the purchase of the computers, it is most likely that

Correct AnswerverifiedShow Answer

An argument in support of the falling barriers to international trade and investment is that the falling barriers

Correct AnswerverifiedShow Answer

West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice is an example of the

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Today, many of the former communist nations of Europe and Asia seem to share a commitment to democratic policies and free market economies.

Correct AnswerverifiedShow Answer

In recent years, the economies of the world's nation-states have become less intertwined as a result of international trade.

Correct AnswerverifiedShow Answer

Briefly discuss the ways in which technological change has affected globalization.

Correct AnswerverifiedThe lowering of trade barriers made glob...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Popular demonstrations against globaliza...
View Answer

Correct Answer
verified
The International Monetary Fund (IMF) an...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
The lowering of trade barriers made glob...
View Answer