QUESTION Early outsourcing efforts were primarily confined to: A. accounting services. B. manufacturing activities. C. testing services. D. educational activities. E. consulting services. ANSWER B
Date: September 3rd, 2020
QUESTION Why was the World Bank set up? A. To preserve peace through international cooperation B. To promote economic development C. To maintain order in the international monetary system D. To formulate a coordinated policy response to financial crises E. To police the world trading system ANSWER B The World Bank was created in […]
Date: September 3rd, 2020
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 Substantial impediments, such as barriers to foreign direct investment, make it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe. Indicate whether the statement is true or false. ANSWER TRUE Substantial impediments make it difficult for firms to achieve the optimal dispersion of their productive […]
Date: September 3rd, 2020
QUESTION The IMF is less controversial than its sister institution, the World Bank. Indicate whether the statement is true or false. ANSWER FALSE The World Bank is less controversial than its sister institution, the IMF. The World Bank has focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake […]
Date: September 3rd, 2020
QUESTION Foreign direct investment (FDI) occurs when a firm invests resources in business activities outside its home country. Indicate whether the statement is true or false. ANSWER TRUE Foreign direct investment (FDI) occurs when a firm invests resources in business activities outside its home country.
Date: September 3rd, 2020
QUESTION After World War II, the advanced nations of the West committed themselves to increasing barriers to the free flow of goods, services, and capital between nations. Indicate whether the statement is true or false. ANSWER FALSE Having learned from past experience, the advanced industrial nations of the West committed themselves after World War […]
Date: September 3rd, 2020
