Question 1

A nation would ________ as part of deregulation efforts.

Accepted Answer

A)  prohibit private enterprises from operating in certain sectors 
B)  commit to communism 
C)  remove price controls 
D)  create a centrally planned economic system 
E)  increase restrictions on foreign direct investment 
A)  prohibit private enterprises from operating in certain sectors 
B)  commit to communism 
C)  remove price controls 
D)  create a centrally planned economic system 
E)  increase restrictions on foreign direct investment

Question 2

Discuss Samuel Huntington's idea of the new world order. What are its implications for international business?

Accepted Answer

The late influential political scientist

Question 3

The collapse of ________ in Eastern Europe was precipitated by the growing gulf between the vibrant and wealthy economies of the West and the stagnant economies of the East.

Accepted Answer

A)  democracy 
B)  communism 
C)  a free economy 
D)  capitalism 
E)  privatization 
A)  democracy 
B)  communism 
C)  a free economy 
D)  capitalism 
E)  privatization

Question 4

Which of these individuals can be considered an entrepreneur?

Accepted Answer

A)  Sam, an employee at a sporting goods store, is solely responsible for all the purchases and sales at the store. 
B)  Joe recycles old household articles to build phones, radios, and other things for his personal use. 
C)  Max makes his living by investing in small companies that have the potential to grow. 
D)  Shondra started a company that processes plastic bags into fabric used in automobiles. 
E)  Ryan invented a hair regrowth formula and sold it to a company that sells several other hair growth products. 
A)  Sam, an employee at a sporting goods store, is solely responsible for all the purchases and sales at the store. 
B)  Joe recycles old household articles to build phones, radios, and other things for his personal use. 
C)  Max makes his living by investing in small companies that have the potential to grow. 
D)  Shondra started a company that processes plastic bags into fabric used in automobiles. 
E)  Ryan invented a hair regrowth formula and sold it to a company that sells several other hair growth products.

Question 5

Describe how the privatization movement began and discuss some of the most dramatic privatization programs that have taken place.

Accepted Answer

The privatization movement started in Gr

Question 6

People in the West tend to associate a(n) ________with a free market system, strong property rights protection, and economic progress.

Accepted Answer

A)  anarchist state 
B)  representative democracy 
C)  planned economy 
D)  communist state 
E)  command economy 
A)  anarchist state 
B)  representative democracy 
C)  planned economy 
D)  communist state 
E)  command economy

Question 7

Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of

Accepted Answer

A)  the shift toward a communist ideology. 
B)  their high living standards. 
C)  their large population. 
D)  their high consumer purchasing power. 
E)  the shift toward a market-based economic system. 
A)  the shift toward a communist ideology. 
B)  their high living standards. 
C)  their large population. 
D)  their high consumer purchasing power. 
E)  the shift toward a market-based economic system.

Question 8

Wood Source Corp. is considering doing business in Central America but is concerned that some governments have been accused of corrupt practices. What aspect of the overall attractiveness of doing business in Central America does this represent?

Accepted Answer

A)  benefits 
B)  costs 
C)  norms 
D)  risks 
E)  values 
A)  benefits 
B)  costs 
C)  norms 
D)  risks 
E)  values

Question 9

Amartya Sen believed that ________ should also be a factor in the human development index.

Accepted Answer

A)  birth rates 
B)  political freedom 
C)  educational attainment 
D)  basic average income 
E)  geographical conditions 
A)  birth rates 
B)  political freedom 
C)  educational attainment 
D)  basic average income 
E)  geographical conditions

Question 10

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

Accepted Answer

A well-functioning market economy requir

Question 11

During the late 1980s and early 1990s, many of the world's nation-states moved away from

Accepted Answer

A)  democratically elected governments. 
B)  free market capitalism. 
C)  individualism. 
D)  political and civil freedoms. 
E)  totalitarian governments. 
A)  democratically elected governments. 
B)  free market capitalism. 
C)  individualism. 
D)  political and civil freedoms. 
E)  totalitarian governments.

Question 12

One common measure of economic development is a country's

Accepted Answer

A)  gender ratio. 
B)  gross national income. 
C)  infant mortality rate. 
D)  population density. 
E)  total geographical area. 
A)  gender ratio. 
B)  gross national income. 
C)  infant mortality rate. 
D)  population density. 
E)  total geographical area.

Question 13

Economic advances in many countries have led to the

Accepted Answer

A)  decline of middle and working classes. 
B)  rise of totalitarian reforms. 
C)  decline of property rights. 
D)  emergence of closed and self-contained societies. 
E)  emergence of increasingly prosperous middle and working classes. 
A)  decline of middle and working classes. 
B)  rise of totalitarian reforms. 
C)  decline of property rights. 
D)  emergence of closed and self-contained societies. 
E)  emergence of increasingly prosperous middle and working classes.

Question 14

A country's ________ measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country.

Accepted Answer

A)  income elasticity of demand 
B)  gross national product 
C)  net cash flow ratio 
D)  gross national income 
E)  income equity ratio 
A)  income elasticity of demand 
B)  gross national product 
C)  net cash flow ratio 
D)  gross national income 
E)  income equity ratio

Question 15

The country of Watoo would be using deregulation efforts if

Accepted Answer

A)  it exercises tight control over the prices of food grains. 
B)  the establishment of private enterprises in the steel industry is prohibited by the government. 
C)  the retail sector in Watoo is opened for foreign direct investment. 
D)  the Watoo government does not have a legal system to safeguard property rights. 
E)  Watoo ranks the lowest among the countries that grant both political and economic freedoms to its citizens. 
A)  it exercises tight control over the prices of food grains. 
B)  the establishment of private enterprises in the steel industry is prohibited by the government. 
C)  the retail sector in Watoo is opened for foreign direct investment. 
D)  the Watoo government does not have a legal system to safeguard property rights. 
E)  Watoo ranks the lowest among the countries that grant both political and economic freedoms to its citizens.

Question 16

A strong belief that economic progress leads to adoption of a democratic regime underlies the fairly permissive attitude that many Western governments have adopted toward human rights violations in China.

Accepted Answer

A) True 
 B)False

Question 17

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Accepted Answer

A) True 
 B)False

A nation would ________ as part of deregulation efforts.

Discuss Samuel Huntington's idea of the new world order. What are its implications for international business?

The collapse of ________ in Eastern Europe was precipitated by the growing gulf between the vibrant and wealthy economies of the West and the stagnant economies of the East.

Which of these individuals can be considered an entrepreneur?

Describe how the privatization movement began and discuss some of the most dramatic privatization programs that have taken place.

People in the West tend to associate a(n) ________with a free market system, strong property rights protection, and economic progress.

Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of

Wood Source Corp. is considering doing business in Central America but is concerned that some governments have been accused of corrupt practices. What aspect of the overall attractiveness of doing business in Central America does this represent?

Amartya Sen believed that ________ should also be a factor in the human development index.

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

During the late 1980s and early 1990s, many of the world's nation-states moved away from

One common measure of economic development is a country's

Economic advances in many countries have led to the

A country's ________ measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country.

The country of Watoo would be using deregulation efforts if

A strong belief that economic progress leads to adoption of a democratic regime underlies the fairly permissive attitude that many Western governments have adopted toward human rights violations in China.

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Globalization

National Differences in Political, Economic, and Legal Systems

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and RD

Global Human Resource Management

Filters

Exam 3: National Differences in Economic Development

A nation would ________ as part of deregulation efforts.

Discuss Samuel Huntington's idea of the new world order. What are its implications for international business?

The collapse of ________ in Eastern Europe was precipitated by the growing gulf between the vibrant and wealthy economies of the West and the stagnant economies of the East.

Which of these individuals can be considered an entrepreneur?

Describe how the privatization movement began and discuss some of the most dramatic privatization programs that have taken place.

People in the West tend to associate a(n) ________with a free market system, strong property rights protection, and economic progress.

Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of

Wood Source Corp. is considering doing business in Central America but is concerned that some governments have been accused of corrupt practices. What aspect of the overall attractiveness of doing business in Central America does this represent?

Amartya Sen believed that ________ should also be a factor in the human development index.

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

During the late 1980s and early 1990s, many of the world's nation-states moved away from

One common measure of economic development is a country's

Economic advances in many countries have led to the

A country's ________ measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country.

The country of Watoo would be using deregulation efforts if

A strong belief that economic progress leads to adoption of a democratic regime underlies the fairly permissive attitude that many Western governments have adopted toward human rights violations in China.

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Globalization

National Differences in Political, Economic, and Legal Systems

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and RD

Global Human Resource Management

Filters