73. IcecultureInc of Ontario emplyes 50 people and exports around the world. It would be considered a _______________ A. a multinational company B. a transnational company C. a cross-border national company D. a mini-multinational E. a U.S. dominated company

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Chapter1: Making Economics Decisions
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73. IcecultureInc
of Ontario emplyes 50 people and exports around the world. It would be
considered a _______________
A. a
multinational company
B. a
transnational company
C. a
cross-border national company
D. a
mini-multinational
E. a
U.S. dominated company

74. Since
the 1960s, there have been two notable trends in the demographics of the
multinational enterprise. These two trends have been:
A. the
rise of non-U.S. multinationals and the disappearance of mini-multinationals
B. the
decline of non-U.S. multinationals and the decline of mini-multinationals
C. the
decline of non-U.S. multinationals and the growth of mini-multinationals
D. the
rise of non-U.S. multinationals and the growth of mini-multinationals
E. the
rise of U.S. multinationals and the growth of mini-multinationals

75. Disturbing
signs of growing unrest and totalitarian tendencies continue to be seen in many
_______ states.
A. Western
European
B. European
C. Northern
European
D. Eastern
European
E. South
American states

76. The
decline of the U.S. in its dominance of the global economy can be explained by
two factors. These are:
A. the
globalization of the world economy and China’s rise to the top rank of economic
powers
B. the
fall of communism in Eastern Europe and the republics of the former Soviet
Union and Japan’s rise to the top rank of economic powers
C. the
globalization of the world economy and Japan’s rise to the top rank of economic
powers
D. a
decrease in trade barriers worldwide and China’s rise in economic power
E. the
growth of democratic institutions in China

77. What
are mini-multinationals?
A. multinational
firms from relatively small countries
B. multinational
firms that have been involved in international business for less than five
years
C. multinational
firms that operate in three or less foreign countries
D. medium-sized
and small multinationals
E. subsidiaries
of multinationals

78. Carmanah
Technologies, is a small firm of 105 people that operates in several different
foreign countries. It would be appropriate to refer to Carmanah Technologiesas
a:
A. aspiring-multinational
B. mini-multinational
C. insignificant-multinational
D. emerging-multinational
E. domestic
multinational

79. Many
East European countries have joined the European Union and although
_________________ their long term business prospects remain positive.
A. The
economies of most of the former Communist states are not very strong
B. Many
of the former Communist nations of Europe and Asiado not share a commitment to
free market economies
C. As
a result of low wages, the risks involved in doing business in these countries
is very high
D. For
about half a century these countries were essentially opento Western
international business
E. they
are suffering from a labour shortage

80. Which
of the following statements is not true regarding the majority of Latin
American countries?
A. governments
are selling state-owned enterprises to private investors
B. foreign
investment is welcome
C. debt
and inflation are down
D. neither
democracy nor free market reforms have seemed to take hold
E. None
of these answers is correct

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