QUESTION 18Subsidized job training programs are, in theory, a viable solution to skills upgrading of the American workforce. True False QUESTION 19In “Distance Still Matters,†Pankaj Ghemawat cites four dimensions of distance that can have impacts on businessCultural, administrative, geographic, economicCultural, historical, anthropological, financialInfrastructure, economic, linguistic, administrativeNone of the above QUESTION 20Which of the following best exemplifies ethnocentrism?Sarah believes that her opinions and interests are superior to that of her siblings.Nicole is highly tolerant toward different cultures and is also keen on learning different languages.Bryan’s belief in the superiority of his culture has resulted in conflicts with his colleagues from different countries.Emilio is in an ethical dilemma as he has been given the responsibility of deciding whether or not to hire his under-qualified cousin.Galaxy Inc. has been accused of using legal but unethical ways to gain access into the markets of less developed countries. QUESTION 21In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that:U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.U.S. companies were involved in bribing U.S. government officials in cases related to major corporate and accounting scandals.U.S. government bureaucrats demanded bribes from U.S. companies in return for a permit to operate in a foreign country.several companies were selling their products at lower prices in foreign countries than in the United States.successful business owners in the United States often had to pay “protection money” to the Mafia or face violent retribution. QUESTION 22If Argonia exports vast quantities of cheap toys to Cadmia, selling them at below their costs of production, it would constitute:monopolism.dumping.offshoring.nearshoring.subsidizing. QUESTION 23Due to the changing economic geography, many of tomorrow’s economic opportunities are most likely to be found in the:rich industrialized nations of the world like Great Britain and Germany.centrally planned economies of the communist world.United States.developing nations of the world such as China, India, and Brazil.countries that are currently not members of the World Trade Organization. QUESTION 24According to Vernon, which of the following influences the movement of the locus of global production from advanced countries to developing countries?Cost considerationsFactor endowmentsDomestic competitionSupporting industriesFirm structure QUESTION 25Maytag appliances achieve far better economic performance than firms like Whirlpool and Electrolux by concentrating on markets that are not so widely dispersed geographically True False QUESTION 26What is the shift toward a more integrated and interdependent world economy called?International tradeForeign direct investmentGlobalizationMoore’s LawContainerization QUESTION 27In 2012, if the PPP per capita of China was $9,040 and the PPP per capita of the United States was $52,340, this means that the:GNI per capita was greater in China.percent of goods and services consumed in the United States was lower.standard of living in China was better.cost of living was lower in China.annual average GDP growth rate was lower in China. QUESTION 28The recent trend to outsource information technology jobs to countries such as India indicates that:the availability of unskilled labor has increased in these countries.these countries have benefited by moving toward communism.a good education system is a determinant of national competitive advantage.the availability of a pool of unskilled labor has been reduced in Western countries.these countries are taking advantage of their latitudinal location. QUESTION 29Which of the following identifies the motivation for much of the foreign direct investment by non-U.S. firms?The desire to disperse production activities to optimal locationsThe need to suppress emerging economies such as China, India, and BrazilThe demand for skilled workers in foreign nationsThe lack of adequate environmental regulationsThe establishment of multinational treaties QUESTION 30According to the product life-cycle theory, the locus of global production initially switches from the United States to other advanced nations and then from those nations to developing countries. Which of the following is most likely to be a consequence of these trends?U.S. imports become less capital-intensive than U.S. exports.The pattern of international trade is affected by differences in factor endowments rather than differences in productivity.Over time, the United States switches from being an exporter of a product to an importer of the product.The wage rates in the United States decrease.Developing nations fail to upgrade their skill levels to compete with advanced countries.
QUESTION 18Subsidized job training programs are, in theory, a viable solution to skills upgrading of the American workforce. True False
QUESTION 19In “Distance Still Matters,†Pankaj Ghemawat cites four dimensions of distance that can have impacts on businessCultural, administrative, geographic, economicCultural, historical, anthropological, financialInfrastructure, economic, linguistic, administrativeNone of the above
QUESTION 20Which of the following best exemplifies ethnocentrism?Sarah believes that her opinions and interests are superior to that of her siblings.Nicole is highly tolerant toward different cultures and is also keen on learning different languages.Bryan’s belief in the superiority of his culture has resulted in conflicts with his colleagues from different countries.Emilio is in an ethical dilemma as he has been given the responsibility of deciding whether or not to hire his under-qualified cousin.Galaxy Inc. has been accused of using legal but unethical ways to gain access into the markets of less developed countries.
QUESTION 21In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that:U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.U.S. companies were involved in bribing U.S. government officials in cases related to major corporate and accounting scandals.U.S. government bureaucrats demanded bribes from U.S. companies in return for a permit to operate in a foreign country.several companies were selling their products at lower prices in foreign countries than in the United States.successful business owners in the United States often had to pay “protection money” to the Mafia or face violent retribution.
QUESTION 22If Argonia exports vast quantities of cheap toys to Cadmia, selling them at below their costs of production, it would constitute:monopolism.dumping.offshoring.nearshoring.subsidizing.
QUESTION 23Due to the changing economic geography, many of tomorrow’s economic opportunities are most likely to be found in the:rich industrialized nations of the world like Great Britain and Germany.centrally planned economies of the communist world.United States.developing nations of the world such as China, India, and Brazil.countries that are currently not members of the World Trade Organization.
QUESTION 24According to Vernon, which of the following influences the movement of the locus of global production from advanced countries to developing countries?Cost considerationsFactor endowmentsDomestic competitionSupporting industriesFirm structure
QUESTION 25Maytag appliances achieve far better economic performance than firms like Whirlpool and Electrolux by concentrating on markets that are not so widely dispersed geographically True False
QUESTION 26What is the shift toward a more integrated and interdependent world economy called?International tradeForeign direct investmentGlobalizationMoore’s LawContainerization
QUESTION 27In 2012, if the PPP per capita of China was $9,040 and the PPP per capita of the United States was $52,340, this means that the:GNI per capita was greater in China.percent of goods and services consumed in the United States was lower.standard of living in China was better.cost of living was lower in China.annual average GDP growth rate was lower in China.
QUESTION 28The recent trend to outsource information technology jobs to countries such as India indicates that:the availability of unskilled labor has increased in these countries.these countries have benefited by moving toward communism.a good education system is a determinant of national competitive advantage.the availability of a pool of unskilled labor has been reduced in Western countries.these countries are taking advantage of their latitudinal location.
QUESTION 29Which of the following identifies the motivation for much of the foreign direct investment by non-U.S. firms?The desire to disperse production activities to optimal locationsThe need to suppress emerging economies such as China, India, and BrazilThe demand for skilled workers in foreign nationsThe lack of adequate environmental regulationsThe establishment of multinational treaties
QUESTION 30According to the product life-cycle theory, the locus of global production initially switches from the United States to other advanced nations and then from those nations to developing countries. Which of the following is most likely to be a consequence of these trends?U.S. imports become less capital-intensive than U.S. exports.The pattern of international trade is affected by differences in factor endowments rather than differences in productivity.Over time, the United States switches from being an exporter of a product to an importer of the product.The wage rates in the United States decrease.Developing nations fail to upgrade their skill levels to compete with advanced countries.
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