QUESTION Which of the following services CANNOT be outsourced to foreign nations? A. Debugging software B. Handling consumer queries C. Transcribing medical files D. Interpreting MRI scans E. Delivering closing arguments for a lawsuit ANSWER E
Date: September 3rd, 2020
QUESTION Which of the following was established after the Uruguay Round to police the international trading system? A. United Nations B. International Monetary Fund C. Group of Twenty D. World Trade Organization E. World Bank ANSWER D The General Agreement on Tariffs and Trade (GATT) is an international treaty whose functions included policing the […]
Date: September 3rd, 2020
QUESTION The growing income inequality is a result of the wages for skilled workers being discounted. Indicate whether the statement is true or false. ANSWER FALSE The growing income inequality is a result of the wages for skilled workers being bid up by the labor market and the wages for unskilled workers being discounted. […]
Date: September 3rd, 2020
QUESTION Which of the following is an argument put forth by critics of the IMF? A. It increases barriers to the free flow of goods and investment across national borders. B. It provides assistance only to developing nations and completely ignores the developed nations. C. It is not powerful enough to ensure that the nation-states […]
Date: September 3rd, 2020
QUESTION In general, as countries get richer, they enact tougher environmental and labor regulations. Indicate whether the statement is true or false. ANSWER TRUE Supporters of free trade and greater globalization argue that tougher environmental regulations and stricter labor standards go hand in hand with economic progress. In general, as countries get richer, they […]
Date: September 3rd, 2020
QUESTION According to the UN Charter, one of the four purposes of the UN is to: A. be a center for harmonizing the actions of nations. B. encourage high tariffs on imports of manufactured goods. C. provide enhanced protection for patents. D. promote the establishment of multinational treaties. E. facilitate globalization of production. ANSWER […]
Date: September 3rd, 2020
QUESTION Managers in an international business must find ways to work around the limits imposed by specific governmental institutions. Indicate whether the statement is true or false. ANSWER FALSE Managers in an international business must also deal with government restrictions on international trade and investment. They must find ways to work within the limits […]
Date: September 3rd, 2020
QUESTION Which of the following is a macro factor underlying the trend toward greater globalization? A. Rise of communism across the globe B. Increase in nationalization of private organizations C. Increase in diversity in consumer tastes and preferences D. Increase in trade regulations across the globe E. Dramatic developments in information processing and other technologies […]
Date: September 3rd, 2020
QUESTION Highly indebted poor countries (HIPCs) can bootstrap themselves out of poverty by pursuing retaliatory trade policies rather than free trade policies. Indicate whether the statement is true or false. ANSWER FALSE Free trade alone, some argue, is a necessary but not sufficient prerequisite to help HIPCs bootstrap themselves out of poverty.
Date: September 3rd, 2020
QUESTION Which of the following best exemplifies foreign direct investment (FDI)? A. Pure Pearls, a jewelry store in the United States, imports harvested pearls from Indonesia, Philippines, and Australia. B. Chivalry, a U.S.-based phone manufacturing company, has set up its own assembly plant in Japan to cater to the needs of the Asian market. C. […]
Date: September 3rd, 2020
