QUESTION The stock of foreign direct investment refers to the total cumulative value of foreign investments in a country. Indicate whether the statement is true or false. ANSWER TRUE The stock of foreign direct investment refers to the total cumulative value of foreign investments in a country
Date: September 3rd, 2020
QUESTION Many of the former Communist nations of Europe and Asia seem to share a commitment to democratic policies and free market economies Indicate whether the statement is true or false. ANSWER TRUE Many of the former Communist nations of Europe and Asia seem to share a commitment to democratic policies and free market […]
Date: September 3rd, 2020
QUESTION Which of the following allows two or more firms to share the fixed costs (and associated risks) of developing new products or processes? A. Franchising agreement B. Global web C. Free trade agreement D. Strategic alliance E. Dispersion linkage ANSWER D
Date: September 3rd, 2020
QUESTION Although most international trade and investment are still conducted by large firms, many medium-size and small businesses are becoming increasingly involved in international trade and investment. Indicate whether the statement is true or false. ANSWER TRUE Although most international trade and investment are still conducted by large firms, many medium-size and small businesses […]
Date: September 3rd, 2020
QUESTION By offering the same basic product worldwide, firms help to create a global market. Indicate whether the statement is true or false. ANSWER TRUE It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge on some global norm, thereby helping to create […]
Date: September 3rd, 2020
QUESTION According to many influential economists, the increase in international trade and cross-border investment will result in an increase in the prices of goods and services. Indicate whether the statement is true or false. ANSWER FALSE Many influential economists, politicians, and business leaders seem to think that the shift toward a more integrated and […]
Date: September 3rd, 2020
QUESTION As a result of globalization, companies rarely need to customize marketing strategies, product features, and operating practices in different countries. Indicate whether the statement is true or false. ANSWER FALSE Significant differences still exist among national markets along many relevant dimensions, including consumer tastes and preferences, distribution channels, culturally embedded value systems, business […]
Date: September 3rd, 2020
QUESTION The move toward a global economy has strengthened the adoption of conservative economic policies by developing nations. Indicate whether the statement is true or false. ANSWER FALSE The move toward a global economy has been further strengthened by the widespread adoption of liberal economic policies by countries that had firmly opposed them for […]
Date: September 3rd, 2020
QUESTION The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil and whose currencies are losing value against those of other nations. Indicate whether the statement is true or false. ANSWER FALSE The IMF is often seen as the lender of last resort to nation-states whose economies […]
Date: September 3rd, 2020
QUESTION It is possible that economic growth in developed nations has offset the fall in the share of national income enjoyed by unskilled workers, raising their living standards. Indicate whether the statement is true or false. ANSWER TRUE It is possible that economic growth in developed nations has offset the fall in the share […]
Date: September 3rd, 2020
