Question 1

Econometric studies show a hump-shaped relationship between income levels and pollution levels.Which of these statements reflects that relationship?

Accepted Answer

A)  As an economy grows and income levels rise,initially pollution levels also rise.
B)  Decreasing income levels lead to an increase in pollution levels.
C)  As an economy grows,pollution levels show a constant increase.
D)  Economies that are in turmoil reflect pollution levels that are diminishing.
E)  Income levels do not have any correlation with pollution levels.F) B) and C)
G) All of the above

Question 2

The move toward a global economy has strengthened the adoption of conservative economic policies by developing nations.

Accepted Answer

A) True 
 B)False

Question 3

How is managing an international business different from managing a purely domestic business?

Accepted Answer

Managing an international business is di...

Question 4

Discuss the concerns voiced by critics of globalization regarding labor policies and the environment.

Accepted Answer

A source of concern for critics of globa...

Question 5

What are the various reasons for economic stagnation in many of the world's poorest countries?

Accepted Answer

Many of the world's poorest countries ha...

Question 6

The stock of foreign direct investment refers to the total cumulative value of foreign investments.

Accepted Answer

A) True 
 B)False

Question 7

The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014?

Accepted Answer

A)  United States
B)  Brazil
C)  Thailand
D)  China
E)  South KoreaF) A) and B)
G) B) and D)

Question 9

The advent of containerization has

Accepted Answer

A)  made the economies of the world's nation-states less intertwined.
B)  made moving goods from one mode of transport to another extremely labor-intensive.
C)  significantly lowered the costs of shipping goods over long distances.
D)  slowed down the globalization of markets and production.
E)  increased costs of coordinating and controlling a global organization.F) A) and B)
G) B) and E)

Question 10

According to many influential economists,the increase in international trade and cross-border investment will result in an increase in the prices of goods and services.

Accepted Answer

A) True 
 B)False

Question 11

The motive behind the high tariffs imposed by nations on imports of manufactured goods,prior to World War II,was to:

Accepted Answer

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

Question 12

As a result of globalization,international businesses can avoid the haggle of currency exchanges during cross-border transactions.

Accepted Answer

A) True 
 B)False

Question 13

What were the results of the Uruguay Round? What are the implications of these results for international business?

Accepted Answer

Under the umbrella of GATT,eight rounds ...

Question 14

Which of the following best illustrates the globalization of production?

Accepted Answer

A)  Daily Diamonds,an American jewelry manufacturer,buys diamonds from South Africa and exports them to India for the cutting process.
B)  Evan Swan,a U.S.-based fashion designer,is planning to open a flagship store in China to serve the Asian market.
C)  Uncle Crab,a U.K.fast food chain,has been serving customers worldwide through its franchises.
D)  Silver Unicorn Inc.uses sales personnel from the respective host country to sell its products and services.
E)  Pizza Gallery,an Italian pizza chain,customizes its pizzas and pastas to suit the tastes of its American and Australian customers.F) A) and D)
G) D) and E)

Question 15

Which of the following has seen a positive change from 1960 to 2014?

Accepted Answer

A)  growth of the centrally planned economies of the communist world
B)  U.S.position in the world economy and world trade picture
C)  the share of world output enjoyed by rich industrialized countries such as Great Britain,Germany,and France
D)  the share of world output accounted for by developing nations
E)  prevalence of independent and self-contained national economiesF) A) and B)
G) A) and E)

Question 16

Silver Fire Electric Inc.,a U.S.-based company,has productive activities in more than two countries.As a result,it would be most appropriate to refer to Silver Fire Electric as what type of enterprise?

Accepted Answer

A)  greenfield
B)  universal
C)  private
D)  multinational
E)  publicF) A) and D)
G) A) and B)

Question 17

As a result of globalization,we have been moving toward a world in which national economies are relatively self-contained entities.

Accepted Answer

A) True 
 B)False

Question 18

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 19

The Uruguay Round extended GATT to cover services as well as manufactured goods.

Accepted Answer

A) True 
 B)False

Question 20

Discuss the arguments for and against globalization regarding jobs and income.

Accepted Answer

Globalization opponents argue that falli...

Exam 1: Globalization

Which of the following has seen a positive change from 1960 to 2014?

Correct AnswerverifiedShow Answer

The move toward a global economy has strengthened the adoption of conservative economic policies by developing nations.

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

According to many influential economists,the increase in international trade and cross-border investment will result in an increase in the prices of goods and services.

Correct AnswerverifiedShow Answer

As a result of globalization,we have been moving toward a world in which national economies are relatively self-contained entities.

Correct AnswerverifiedShow Answer

What were the results of the Uruguay Round? What are the implications of these results for international business?

Correct AnswerverifiedUnder the umbrella of GATT,eight rounds ...View AnswerShow Answer

The motive behind the high tariffs imposed by nations on imports of manufactured goods,prior to World War II,was to:

Correct AnswerverifiedShow Answer

The advent of containerization has

Correct AnswerverifiedShow Answer

The stock of foreign direct investment refers to the total cumulative value of foreign investments.

Correct AnswerverifiedShow Answer

Econometric studies show a hump-shaped relationship between income levels and pollution levels.Which of these statements reflects that relationship?

Correct AnswerverifiedShow Answer

Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014?

Correct AnswerverifiedShow Answer

What are the various reasons for economic stagnation in many of the world's poorest countries?

Correct AnswerverifiedMany of the world's poorest countries ha...View AnswerShow Answer

The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity.

Correct AnswerverifiedShow Answer

As a result of globalization,international businesses can avoid the haggle of currency exchanges during cross-border transactions.

Correct AnswerverifiedShow Answer

Silver Fire Electric Inc.,a U.S.-based company,has productive activities in more than two countries.As a result,it would be most appropriate to refer to Silver Fire Electric as what type of enterprise?

Correct AnswerverifiedShow Answer

Which of the following best illustrates the globalization of production?

Correct AnswerverifiedShow Answer

Discuss the concerns voiced by critics of globalization regarding labor policies and the environment.

Correct AnswerverifiedA source of concern for critics of globa...View AnswerShow Answer

Discuss the arguments for and against globalization regarding jobs and income.

Correct AnswerverifiedGlobalization opponents argue that falli...View AnswerShow Answer

How is managing an international business different from managing a purely domestic business?

Correct AnswerverifiedManaging an international business is di...View AnswerShow Answer

The Uruguay Round extended GATT to cover services as well as manufactured goods.

Correct AnswerverifiedShow Answer

Correct Answer
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Under the umbrella of GATT,eight rounds ...
View Answer

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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Many of the world's poorest countries ha...
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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

Correct Answer
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A source of concern for critics of globa...
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Correct Answer
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Globalization opponents argue that falli...
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Correct Answer
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Managing an international business is di...
View Answer

Correct Answer
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