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 […]
QUESTION The globalization of markets and production and the resulting growth of world trade, foreign direct investment, and imports all imply that firms are finding it easier to protect themselves from attack by foreign competitors Indicate whether the statement is true or false. ANSWER FALSE The globalization of markets and production and the resulting […]
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.
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
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 […]
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 […]
QUESTION The real costs of information processing and communication have fallen dramatically in the past two decades. Indicate whether the statement is true or false. ANSWER TRUE As a result of technological innovations, the real costs of information processing and communication have fallen dramatically in the past two decades
QUESTION Which of the following is true of a transnational strategy? A. It is easy to implement because it does not place any conflicting demands on a company. B. It is used when the pressures for cost reductions are low. C. It is usually used when the pressure for local responsiveness is relatively low. D. […]
QUESTION Throughout the 1990s, the amount of investment directed at both developed and developing nations increased dramatically Indicate whether the statement is true or false. ANSWER TRUE Throughout the 1990s, the amount of investment directed at both developed and developing nations increased dramatically, a trend that reflects the increasing internationalization of business corporations.
QUESTION Which of the following refers to a cooperative agreement between potential or actual competitors? A. Tactical union B. Strategic alliance C. Political affiliation D. Economic association E. Nationalization ANSWER B
