Exam 4: Business in a Global Economy

Aesthetics encompasses all of the following EXCEPT ________.

The EU is currently the world's largest single market.

The developing country of Alpha had a rule that none of its factories could be owned by companies from the developed country of Beta. If Alpha drops this rule, this would be an example of a(n)________.

A measure that divides a worker's wages by the average productivity of that worker is unit labor cost.

Which is better: a strong U.S. dollar or a weak U.S. dollar?

The nation of North Xi has a ________ currency that cannot be exchanged in a foreign exchange market.

Generally, international businesses thrive in nations that have all of the following EXCEPT a ________.

The country of Kappa sells pizza for $1.00 each within its borders. But Kappa exports pizzas at a price of $0.30. This is an example of a(n)________.

If a restaurant chain sells the use of its brand name to a Singaporean investor in exchange for a fee and a percentage of sales, the restaurant is entering a foreign market through exporting.

International businesses prefer ________ economies to ________ economies because the bureaucratic hassles associated with government intervention drive costs up.

The nation of South Pi is experiencing rapid increases in business activity, but still lacks sufficient infrastructure and modern communication systems. Which challenge to conducting international business is the PRIMARY one faced by exporters to Pi?

What are multinational enterprises? How have they contributed to the growth of globalization?

Give an example of a subsidy used as a trade barrier.

One way for a country to improve its competitiveness is to invest in worker training.

Which of the following is an example of a local content requirement?

Airbus competes on the basis of price while selling a standardized or homogeneous product. The company is using a ________ strategy.

GATT stands for ________ on Tariffs and Trade.

As an economist, Susan Mukulu MOST LIKELY believes that over time the benefits of free trade ________ the costs.

A business can create a competitive or comparative advantage by doing all of the following EXCEPT ________.

As a result of their influence on the quantity, variety, and quality of products, trade barriers ________ consumers.