QUESTION 45How does privatization help stimulate gains in economic efficiency?It allows newly privatized firms to gain monopoly position in a particular industry.It provides incentives to new private owners to search for increases in productivity and to enter new markets.It encourages state control over price and production output.It raises barriers to direct investment by foreign enterprises.It results in reservation of heavy industry for state ownership and the increase of import tariffs. QUESTION 46In what type of economy are certain sectors of the economy left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning?CommandPure marketMixedCentrally plannedLaissez-faire QUESTION 47Even workers with advanced manufacturing skills do not earn higher wages than less skilled workers and have little opportunity in the manufacturing sector. True False QUESTION 48Time zones, languages, and the need for proximity to clients’ local operations prompted India’s Tata Consultancy Services to serve the Latin American region from Uruguay and not India, challenging the notion that the world is flat. True False QUESTION 49Animax Limited got an order to sell 50,000 central processing units (CPUs) to Palladia, but the Palladian government stipulated that 15 percent of the component parts of those CPUs must be produced in Palladia. This stipulation by the Palladian government would be example of a(n):voluntary export restraint.quota rent.import quota.local content requirement.antidumping policy. QUESTION 50When Shop Smart opened its first super market in China it was unable to generate any sales. After conducting a research, it was understood that the local sales personnel found it difficult to communicate with the American store managers. In addition, Chinese consumers found it difficult to shop in the American way. Shop Smart’s failure in China can be attributed to the lack of:cross-cultural literacy.class consciousness.a first-mover advantage.Confucian dynamism.ethnocentrism.
QUESTION 45How does privatization help stimulate gains in economic efficiency?It allows newly privatized firms to gain
QUESTION 46In what type of economy are certain sectors of the economy left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning?CommandPure marketMixedCentrally plannedLaissez-faire
QUESTION 47Even workers with advanced manufacturing skills do not earn higher wages than less skilled workers and have little opportunity in the manufacturing sector. True False
QUESTION 48Time zones, languages, and the need for proximity to clients’ local operations prompted India’s Tata Consultancy Services to serve the Latin American region from Uruguay and not India, challenging the notion that the world is flat. True False
QUESTION 49Animax Limited got an order to sell 50,000 central processing units (CPUs) to Palladia, but the Palladian government stipulated that 15 percent of the component parts of those CPUs must be produced in Palladia. This stipulation by the Palladian government would be example of a(n):voluntary export restraint.quota rent.import quota.local content requirement.antidumping policy.
QUESTION 50When Shop Smart opened its first super market in China it was unable to generate any sales. After conducting a research, it was understood that the local sales personnel found it difficult to communicate with the American store managers. In addition, Chinese consumers found it difficult to shop in the American way. Shop Smart’s failure in China can be attributed to the lack of:cross-cultural literacy.class consciousness.a first-mover advantage.Confucian dynamism.ethnocentrism.
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