Question 1

The dollar moves from 110 yen to 85 yen, this means that:

Accepted Answer

A)  The dollar is depreciating 
B)  Dollar supply exceeds demand 
C)  US exports should be more competitive in Japan 
D)  All of the above 
A)  The dollar is depreciating 
B)  Dollar supply exceeds demand 
C)  US exports should be more competitive in Japan 
D)  All of the above

Question 2

Common markets have no internal tariffs, a common external tariff, and free movement of labor and capital

Accepted Answer

A) True 
 B)False

Question 3

The Treaty of Rome established the European Economic Community in 1957 and had ten original members

Accepted Answer

A) True 
 B)False

Question 4

The International Court of Justice does all of the following except:

Accepted Answer

A)  Tries individuals accused of crimes against humanity 
B)  Allows companies to legally prosecute firms in other nations 
C)  Makes rulings on national and maritime boundaries 
D)  All of the above are Court functions 
A)  Tries individuals accused of crimes against humanity 
B)  Allows companies to legally prosecute firms in other nations 
C)  Makes rulings on national and maritime boundaries 
D)  All of the above are Court functions

Question 5

The Asia-Pacific Economic Cooperation group comprises countries mainly from Asia but includes nations such as the United States

Accepted Answer

A) True 
 B)False

Question 6

Many countries peg their foreign exchange rates to country/countries with whom they have the most commercial dealings

Accepted Answer

A) True 
 B)False

Question 7

Crawling pegs are usually used when national exchange rates are consistently going up (i.e. appreciating) in value against other major currencies

Accepted Answer

A) True 
 B)False

Question 8

Asia-Pacific Economic Cooperation group (APEC) has had problems developing because:

Accepted Answer

A)  Differences among member state economic development levels causes policy-making problems 
B)  Vast geographic differences among participating nations 
C)  Cultural differences among member nations 
D)  All are APEC development problems 
A)  Differences among member state economic development levels causes policy-making problems 
B)  Vast geographic differences among participating nations 
C)  Cultural differences among member nations 
D)  All are APEC development problems

Question 9

When currencies float independently, good economic news tends to create demand for and therefore weaken the national currency

Accepted Answer

A) True 
 B)False

Question 10

When countries have hard, convertible currencies, they must pay for imports with soft inconvertible currencies earned from exports

Accepted Answer

A) True 
 B)False

Question 11

When European tourists go to Japan, they increase the supply of Euros leaving Western Europe and increase demand for Japanese yen

Accepted Answer

A) True 
 B)False

Question 12

Under managed float exchange rate systems, governments do not interfere with the supply and demand market forces for their national currencies

Accepted Answer

A) True 
 B)False

Question 13

Private infrastructure development is mainly organized through the United Nations

Accepted Answer

A) True 
 B)False

Question 14

The Bretton Woods system of exchange rates broke down as other world currencies kept appreciating against the US dollar, causing the US to incur major trade surpluses

Accepted Answer

A) True 
 B)False

Question 15

The European Union originated as the European Coal and Steel Community in the late 1940s and early 1950s

Accepted Answer

A) True 
 B)False

Question 16

The International Labor Organization helps countries draw up their own national labor laws, social security, health and safety rules

Accepted Answer

A) True 
 B)False

Question 17

Privatization is the process of selling government-owned industries back to the private sector

Accepted Answer

A) True 
 B)False

Question 18

Free trade arguments include the uneven distribution of global resources, contributing to the development of emerging nations, and the creation of jobs

Accepted Answer

A) True 
 B)False

Question 19

Under independently floating exchange rate systems, when aggregate demand for a currency exceeds aggregate supply for a particular country:

Accepted Answer

A)  The currency should strengthen and have more foreign currency units for each domestic unit 
B)  The currency should strengthen and have fewer foreign currency units for each domestic unit 
C)  The currency should weaken and have fewer foreign currency units for each domestic unit 
D)  The currency should weaken and have more foreign currency units for each domestic unit 
A)  The currency should strengthen and have more foreign currency units for each domestic unit 
B)  The currency should strengthen and have fewer foreign currency units for each domestic unit 
C)  The currency should weaken and have fewer foreign currency units for each domestic unit 
D)  The currency should weaken and have more foreign currency units for each domestic unit

Question 20

Which of the following is/are true about the International Civil Aviation Authority:

Accepted Answer

A)  Helps to coordinate public and private sector telecommunications initiatives 
B)  Established safety guidelines for commercial shipping 
C)  Coordinates aircraft safety and security procedures 
D)  None of the above 
A)  Helps to coordinate public and private sector telecommunications initiatives 
B)  Established safety guidelines for commercial shipping 
C)  Coordinates aircraft safety and security procedures 
D)  None of the above

The dollar moves from 110 yen to 85 yen, this means that:

Common markets have no internal tariffs, a common external tariff, and free movement of labor and capital

The Treaty of Rome established the European Economic Community in 1957 and had ten original members

The International Court of Justice does all of the following except:

The Asia-Pacific Economic Cooperation group comprises countries mainly from Asia but includes nations such as the United States

Many countries peg their foreign exchange rates to country/countries with whom they have the most commercial dealings

Crawling pegs are usually used when national exchange rates are consistently going up (i.e. appreciating) in value against other major currencies

Asia-Pacific Economic Cooperation group (APEC) has had problems developing because:

When currencies float independently, good economic news tends to create demand for and therefore weaken the national currency

When countries have hard, convertible currencies, they must pay for imports with soft inconvertible currencies earned from exports

When European tourists go to Japan, they increase the supply of Euros leaving Western Europe and increase demand for Japanese yen

Under managed float exchange rate systems, governments do not interfere with the supply and demand market forces for their national currencies

Private infrastructure development is mainly organized through the United Nations

The Bretton Woods system of exchange rates broke down as other world currencies kept appreciating against the US dollar, causing the US to incur major trade surpluses

The European Union originated as the European Coal and Steel Community in the late 1940s and early 1950s

The International Labor Organization helps countries draw up their own national labor laws, social security, health and safety rules

Privatization is the process of selling government-owned industries back to the private sector

Free trade arguments include the uneven distribution of global resources, contributing to the development of emerging nations, and the creation of jobs

Under independently floating exchange rate systems, when aggregate demand for a currency exceeds aggregate supply for a particular country:

Which of the following is/are true about the International Civil Aviation Authority:

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Localization Strategies: Managing Stakeholders and Supply Chains

Filters

Exam 1: Globalization and Worldwide Infrastructure Development

The dollar moves from 110 yen to 85 yen, this means that:

Common markets have no internal tariffs, a common external tariff, and free movement of labor and capital

The Treaty of Rome established the European Economic Community in 1957 and had ten original members

The International Court of Justice does all of the following except:

The Asia-Pacific Economic Cooperation group comprises countries mainly from Asia but includes nations such as the United States

Many countries peg their foreign exchange rates to country/countries with whom they have the most commercial dealings

Crawling pegs are usually used when national exchange rates are consistently going up (i.e. appreciating) in value against other major currencies

Asia-Pacific Economic Cooperation group (APEC) has had problems developing because:

When currencies float independently, good economic news tends to create demand for and therefore weaken the national currency

When countries have hard, convertible currencies, they must pay for imports with soft inconvertible currencies earned from exports

When European tourists go to Japan, they increase the supply of Euros leaving Western Europe and increase demand for Japanese yen

Under managed float exchange rate systems, governments do not interfere with the supply and demand market forces for their national currencies

Private infrastructure development is mainly organized through the United Nations

The Bretton Woods system of exchange rates broke down as other world currencies kept appreciating against the US dollar, causing the US to incur major trade surpluses

The European Union originated as the European Coal and Steel Community in the late 1940s and early 1950s

The International Labor Organization helps countries draw up their own national labor laws, social security, health and safety rules

Privatization is the process of selling government-owned industries back to the private sector

Free trade arguments include the uneven distribution of global resources, contributing to the development of emerging nations, and the creation of jobs

Under independently floating exchange rate systems, when aggregate demand for a currency exceeds aggregate supply for a particular country:

Which of the following is/are true about the International Civil Aviation Authority:

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Localization Strategies: Managing Stakeholders and Supply Chains

Filters