Question 1

In the past two decades,the majority of Latin American countries have

Accepted Answer

A)  experienced a decline in the health of their economies.
B)  sold state-owned enterprises to private investors.
C)  been characterized by low growth,high debt,and hyperinflation.
D)  restricted investment by foreign firms.
E)  discouraged both democracy and free market reforms.F) A) and E)
G) B) and C)

Question 2

In the context of the environment,globalization critics argue that

Accepted Answer

A)  free trade discourages firms from advanced nations to move manufacturing facilities to less developed countries.
B)  adhering to labor and environmental regulations significantly increases the costs of manufacturing enterprises.
C)  manufacturing enterprises are put at a competitive disadvantage by moving their production facilities to nations that do not have burdensome regulations.
D)  as countries get richer,they relax their environmental and labor regulations.
E)  while pollution levels are rising in the world's richer countries,they have been falling in developing nations.F) B) and D)
G) C) and D)

Question 3

A multinational enterprise (MNE)is any business that exports goods or services to consumers in another country.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is an argument put forth by critics of the IMF?

Accepted Answer

A)  It only makes agreements with nation-states whose economies are stabilized.
B)  It provides assistance only to developing nations and completely ignores the developed nations.
C)  It is not powerful enough to ensure that the nation-states adhere to the rules laid down in trade treaties.
D)  It promotes the rise of communism across the globe.
E)  It usurps the sovereignty of nation-states by telling governments what economic policies they must adopt.F) B) and D)
G) A) and D)

Question 5

Automobile companies promote different car models in different countries depending on a range of factors such as demographics,local taste,local fuel costs,income levels,traffic congestion,and cultural values.This most likely demonstrates that

Accepted Answer

A)  significant differences still exist among national markets.
B)  cultural diversity has been replaced by global uniformity.
C)  the global market is less complex than national markets.
D)  only multinational giants can benefit from the globalization of markets.
E)  the social norms in a country do not affect purchase decisions of consumers.F) A) and D)
G) A) and B)

Question 6

Elaborate on why globalization is not inevitable.

Accepted Answer

The world may be moving toward a more gl...

Question 7

Which of the following is NOT a concern for managers in international businesses?

Accepted Answer

A)  Fundamental differences in culture
B)  Perceived distance between home country and operating nations
C)  Government restrictions on international trade
D)  Cross-border transactions involving currency exchange
E)  Ethical adherence to environmental standardsF) A) and B)
G) D) and E)

Question 8

Which of the following is the most appropriate solution to the problem of rising carbon dioxide emissions in developed economies?

Accepted Answer

A)  Roll back the trade liberalization efforts that have fostered economic growth and globalization.
B)  Tie free trade agreements to the implementation of fewer environmental and labor laws in less developed countries.
C)  Get the nations of the world to agree to policies designed to limit pollutant emissions.
D)  Increase the export of low-wage manufacturing jobs to developing nations.
E)  Restrict international trade and investment only to services.F) A) and C)
G) B) and E)

Question 9

Which statement reflects the changing demographics of the global economy?

Accepted Answer

A)  U.S.dominance in export markets has waned as Japan,Germany,and a number of newly industrialized countries have taken a larger share of world exports.
B)  The change in the position of the United States in terms of the share of world output is the result of the absolute decline in the health of the U.S.economy.
C)  From 1960 to 2010,countries that experienced a large decrease in their share of world output include Japan,Thailand,Malaysia,Taiwan,and South Korea.
D)  The United States is the only developed nation to see its relative standing in the share of world output slip.
E)  Today,roughly half the globe-the centrally planned economies of the communist world-is off-limits to Western international businesses.F) A) and C)
G) A) and B)

Question 10

Explain the concepts of "globalization of markets" and "globalization of production."

Accepted Answer

Globalization has several facets,includi...

Question 11

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) C) and D)
G) C) and E)

Question 12

Which of the following was established to ensure that nation-states adhered to the rules laid down in trade treaties?

Accepted Answer

A)  United Nations
B)  International Monetary Fund
C)  Group of Twenty
D)  World Trade Organization
E)  World BankF) A) and B)
G) C) and E)

Question 13

After World War II,the advanced industrial nations of the West committed themselves to increasing barriers to the free flow of goods,services,and capital between nations.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements reflects the nature of the global economy of the twenty-first century?

Accepted Answer

A)  National economies are becoming less integrated into a single and interdependent economic system.
B)  The number of nations joining the ranks of the developed world has reduced.
C)  Countries have extensively adopted liberal economic policies.
D)  There are fewer instances of state-owned businesses privatized and markets being opened to more competition.
E)  The world is currently moving toward an economic system that is more unfavorable for international business.F) A) and B)
G) C) and D)

Question 15

ABC Company,which is headquartered in the United States,has production plants in Mexico and Vietnam.According to this information,ABC company is

Accepted Answer

A)  against globalization.
B)  a multinational enterprise.
C)  engaging in the globalization of markets.
D)  engaging in international trade.
E)  a local company.F) C) and D)
G) A) and B)

Question 16

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 17

The minimum that a firm has to do to engage in international business is to

Accepted Answer

A)  export or import products from other countries.
B)  invest directly in operations in another country.
C)  establish joint ventures or strategic alliances with companies in other countries.
D)  export low-wage manufacturing jobs to companies in other countries.
E)  develop franchises and subsidiaries in other countries.F) C) and D)
G) A) and B)

Question 18

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)and...

Question 19

Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do business with former communist nations of Eastern Europe and central Asia?

Accepted Answer

A)  high levels of economic development in these countries
B)  signs of growing unrest and totalitarian tendencies seen in these countries
C)  strong commitment to market-based economic systems seen in these countries
D)  collapse of communism in these countries
E)  low returns involved in doing business in these countriesF) A) and B)
G) None of the above

Question 20

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) A) and D)
G) C) and D)

Exam 1: Globalization

Which of the following is the most appropriate solution to the problem of rising carbon dioxide emissions in developed economies?

Correct AnswerverifiedShow Answer

Which of the following was established to ensure that nation-states adhered to the rules laid down in trade treaties?

Correct AnswerverifiedShow Answer

Which statement reflects the changing demographics of the global economy?

Correct AnswerverifiedShow Answer

A multinational enterprise (MNE)is any business that exports goods or services to consumers in another country.

Correct AnswerverifiedShow Answer

Which of the following statements reflects the nature of the global economy of the twenty-first century?

Correct AnswerverifiedShow Answer

ABC Company,which is headquartered in the United States,has production plants in Mexico and Vietnam.According to this information,ABC company is

Correct AnswerverifiedShow Answer

In the past two decades,the majority of Latin American countries have

Correct AnswerverifiedShow Answer

Which of the following is an argument put forth by critics of the IMF?

Correct AnswerverifiedShow Answer

In the context of the environment,globalization critics argue that

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow 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)and...View AnswerShow Answer

Which of the following is NOT a concern for managers in international businesses?

Correct AnswerverifiedShow Answer

Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do business with former communist nations of Eastern Europe and central Asia?

Correct AnswerverifiedShow Answer

Elaborate on why globalization is not inevitable.

Correct AnswerverifiedThe world may be moving toward a more gl...View AnswerShow Answer

Explain the concepts of "globalization of markets" and "globalization of production."

Correct AnswerverifiedGlobalization has several facets,includi...View AnswerShow Answer

Automobile companies promote different car models in different countries depending on a range of factors such as demographics,local taste,local fuel costs,income levels,traffic congestion,and cultural values.This most likely demonstrates that

Correct AnswerverifiedShow Answer

After World War II,the advanced industrial nations of the West committed themselves to increasing barriers to the free flow of goods,services,and capital between nations.

Correct AnswerverifiedShow Answer

The minimum that a firm has to do to engage in international business is to

Correct AnswerverifiedShow Answer

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

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The world may be moving toward a more gl...
View Answer

Correct Answer
verified
Globalization has several facets,includi...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified