QUESTION In practical terms, individualism translates into an advocacy for democratic ideals and free market economics. Indicate whether the statement is true or false. ANSWER TRUE In practical terms, individualism translates into an advocacy for democratic ideals and free market economics.
Date: September 3rd, 2020
QUESTION The Cold War was in many respects a war between collectivism, championed by the former Soviet Union, and individualism, championed by the United States. Indicate whether the statement is true or false. ANSWER TRUE The Cold War was in many respects a war between collectivism, championed by the former Soviet Union, and individualism, […]
Date: September 3rd, 2020
QUESTION In practical terms, collectivism creates a more favorable environment for international businesses to operate in than individualism. Indicate whether the statement is true or false. ANSWER FALSE In practical terms, individualism translates into an advocacy for democratic ideals and free market economics, which in general creates a more favorable environment for international businesses […]
Date: September 3rd, 2020
QUESTION In most democratic states, those who question the right of the rulers to rule find themselves imprisoned, or worse. Indicate whether the statement is true or false. ANSWER FALSE In most totalitarian states, political repression is widespread, free and fair elections are lacking, media are heavily censored, basic civil liberties are denied, and […]
Date: September 3rd, 2020
QUESTION Which of the following is a power of the WTO? A. It can restrict the membership of nations in other supranational organizations such as the United Nations. B. It can grant loans to cash-strapped governments in poor nations. C. It supersedes IMF and has complete authority over IMF’s actions. D. It can issue a […]
Date: September 3rd, 2020
QUESTION In a totalitarian country, all the constitutional guarantees on which representative democracies are built—an individual’s right to freedom of expression and organization, a free media, and regular elections—are denied to the citizens. Indicate whether the statement is true or false. ANSWER TRUE In a totalitarian country, all the constitutional guarantees on which representative […]
Date: September 3rd, 2020
QUESTION Universal Lingo, a U.K.-based language translation company employing just 65 people worldwide, has an annual turnover of $1.5 million. In this context, Universal Lingo is most likely to be classified as a(n): A. large domestic firm. B. mini-multinational firm. C. greenfield firm. D. foreign firm. E. multinational giant. ANSWER B A trend in […]
Date: September 3rd, 2020
QUESTION Which of the following statements reflects the nature of the global economy of the twenty-first century? 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 […]
Date: September 3rd, 2020
QUESTION Which of the following statements is a general implication of globalization? A. Globalization is inevitable. B. From a purely economic perspective, globalization is all good. C. Globalization has no negative impacts on the economies of the developed world. D. Globalization has reduced the risks associated with global financial contagion. E. As a result of […]
Date: September 3rd, 2020
QUESTION An argument in support of the falling barriers to international trade and investment is that the falling barriers: 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 […]
Date: September 3rd, 2020
