QUESTION The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity. Indicate whether the statement is true or false. ANSWER TRUE The lowering of trade and investment barriers allows firms to base production at the optimal location for that activity.
Date: September 3rd, 2020
QUESTION As a result of international trade, the economies of the world’s nation-states are becoming less intertwined. Indicate whether the statement is true or false. ANSWER FALSE The economies of the world’s nation-states are becoming more intertwined. As trade expands, nations are becoming increasingly dependent on each other for important goods and services
Date: September 3rd, 2020
QUESTION Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances. Indicate whether the statement is true or false. ANSWER TRUE In economic terms, the most important major innovations in transportation technology are probably the development of commercial jet aircraft and superfreighters and the introduction of containerization, which […]
Date: September 3rd, 2020
QUESTION The Uruguay Round extended GATT to cover services as well as manufactured goods. Indicate whether the statement is true or false. ANSWER TRUE The Uruguay Round reduced trade barriers; extended GATT to cover services as well as manufactured goods; provided enhanced protection for patents, trademarks, and copyrights; and established the World Trade Organization […]
Date: September 3rd, 2020
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
