QUESTION Which of the following is most likely to be observed in today’s global economy? A. Increasing U.S. share of world output B. Large U.S. entrepreneurial firms dominating the international business scene C. Increasing U.S. dominance in the world economy and world trade picture D. Most of the nations being governed by centrally planned economies […]
QUESTION The advent of containerization has: A. made the economies of the world’s nation-states less intertwined. B. made moving goods from one mode of transport to another extremely labor-intensive. C. significantly lowered the costs of shipping goods over long distances. D. slowed down the globalization of markets and production. E. increased costs of coordinating and […]
QUESTION Which of the following countries has seen a relative decline in its share of world output between 1960 and 2012? A. United States B. Thailand C. Japan D. China E. South Korea ANSWER A In the early 1960s, the United States was still by far the world’s dominant industrial power. In 1960, the […]
QUESTION Which of the following has seen a positive change from 1960 to 2012? A. Growth of the centrally planned economies of the communist world B. U.S. position in the world economy and world trade picture C. The share of world output enjoyed by rich industrialized countries such as Great Britain, Germany, and Japan D. […]
QUESTION Who, along with representatives from the European Union and the European Central Bank, represent the 19 largest economies in the world on the G20? A. Finance ministers and central bank governors B. Presidents and defense ministers C. Prime ministers and army chiefs D. International trade ministers E. Ministers of foreign affairs ANSWER A […]
QUESTION Due to the changing economic geography, many of tomorrow’s economic opportunities are most likely to be found in the: A. rich industrialized nations of the world like Great Britain and Germany. B. centrally planned economies of the communist world. C. United States. D. developing nations of the world such as China, India, and Brazil. […]
QUESTION Michelle, an Italian fashion designer, sells her merchandise by exporting them to the United States, United Kingdom, and Brazil. According to this information, Michelle is most likely involved in: A. foreign direct investment. B. globalization of production. C. international trade. D. multinational enterprise. E. outsourcing. ANSWER C International trade refers to the exporting […]
QUESTION Which of the following statements reflects the changing demographics of the global economy? 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 […]
QUESTION For foreign direct investment (FDI) to occur, a firm should primarily: A. conduct cross-border bartering with neighboring countries. B. invest resources in business activities outside its home country. C. export goods or services to consumers in another country. D. import goods or services from producers in another country. E. erect formidable barriers to international […]
QUESTION Which of the following refers to the total cumulative value of foreign investments? A. Purchasing power parity B. Multipoint pricing C. Stock of foreign direct investment D. Switch trading E. Bill of lading ANSWER C The stock of foreign direct investment refers to the total cumulative value of foreign investments.
