Question 1

During the 1945-71 period, foreign countries could use US dollars earned to buy gold at $35 an ounze

Accepted Answer

A) True 
 B)False

Question 2

Dollar supply consists of dollars leaving the US and being converted into foreign currencies

Accepted Answer

A) True 
 B)False

Question 3

International firms prefer investment in strong currency countries to enhance their sourcing prospects to weak currency markets

Accepted Answer

A) True 
 B)False

Question 4

European economic unification (EC'92) established the Euro as the common regional currency

Accepted Answer

A) True 
 B)False

Question 5

Economic integration of trade blocs includes all of the following except:

Accepted Answer

A)  Region-wide policies for agriculture and energy 
B)  Free movements of products and services within the group 
C)  Harmonization of product standards 
D)  Establishment of a common currency 
A)  Region-wide policies for agriculture and energy 
B)  Free movements of products and services within the group 
C)  Harmonization of product standards 
D)  Establishment of a common currency

Question 6

The International Monetary Fund oversees international exchange rates and the orderly exchange of foreign currencies

Accepted Answer

A) True 
 B)False

Question 7

All of the following apply to the Gold Standard era of exchange rate determination except:

Accepted Answer

A)  National currency values were determined through their value in gold 
B)  Countries settled their international accounts using gold 
C)  Gold backed up issues of national currencies 
D)  The Gold Standard era ended in 1918 
E)  All are characteristics of the Gold standard era 
A)  National currency values were determined through their value in gold 
B)  Countries settled their international accounts using gold 
C)  Gold backed up issues of national currencies 
D)  The Gold Standard era ended in 1918 
E)  All are characteristics of the Gold standard era

Question 8

When the dollar moves from 115 yen to 90 yen, the dollar has appreciated in value

Accepted Answer

A) True 
 B)False

Question 9

Free trade creates jobs but entails little job loss particularly in developed nations

Accepted Answer

A) True 
 B)False

Question 10

A number of countries use the US dollar as their own official currency

Accepted Answer

A) True 
 B)False

Question 11

Under crawling band systems, governments adjust the range within which exchange rate values can move

Accepted Answer

A) True 
 B)False

Question 12

International firms prefer investment in weak currency countries to enhance their sourcing prospects to strong currency markets

Accepted Answer

A) True 
 B)False

Question 13

When Japanese firms repatriate profits from the US to Japan, this creates demand for dollars

Accepted Answer

A) True 
 B)False

Question 14

When the dollar moves from 0.95 Euros to 1.12 Euros, , the dollar has depreciated in value

Accepted Answer

A) True 
 B)False

Question 15

The League of Nations failed because many countries were forced to focus on internal problems rather than external liaisons with other nations between 1919 and 1939

Accepted Answer

A) True 
 B)False

Question 16

The European Commission:

Accepted Answer

A)  Is the civil service arm of the EU that handles policies through 20 Directorates 
B)  Is formally elected through Europe-wide elections 
C)  Makes all the major decisions concerning EU policies 
D)  Interprets EU laws in disputes among member states 
A)  Is the civil service arm of the EU that handles policies through 20 Directorates 
B)  Is formally elected through Europe-wide elections 
C)  Makes all the major decisions concerning EU policies 
D)  Interprets EU laws in disputes among member states

Question 17

One protectionist argument is that as jobs are exported from developed to developing countries, the developed nation's less educated labor sector suffers disproportionately as national manufacturing gets 'hollowed out'

Accepted Answer

A) True 
 B)False

Question 18

Inconvertible currencies:

Accepted Answer

A)  Are 'hard' currencies 
B)  Are major currencies such as the dollar and the yen 
C)  Are acceptable to non-nationals as means of payment 
D)  Include many developing nations such as the Haitian gourde or the Gambian dalasi 
A)  Are 'hard' currencies 
B)  Are major currencies such as the dollar and the yen 
C)  Are acceptable to non-nationals as means of payment 
D)  Include many developing nations such as the Haitian gourde or the Gambian dalasi

Question 19

The International Maritime Organization (IMO) performs which of the following function(s):

Accepted Answer

A)  Coordinates national and international mail services 
B)  Establishes safety procedures for aircraft and airports 
C)  Helps integrate global communications 
D)  Promotes safety in shipping and cleaner oceans 
A)  Coordinates national and international mail services 
B)  Establishes safety procedures for aircraft and airports 
C)  Helps integrate global communications 
D)  Promotes safety in shipping and cleaner oceans

Question 20

The private sector contributions to globalization include all of the following except:

Accepted Answer

A)  Development of global broadcast and print media 
B)  Retailer internationalization 
C)  Privatization and deregulation of industries 
D)  More efficient shipping and airline industries 
A)  Development of global broadcast and print media 
B)  Retailer internationalization 
C)  Privatization and deregulation of industries 
D)  More efficient shipping and airline industries

During the 1945-71 period, foreign countries could use US dollars earned to buy gold at $35 an ounze

Dollar supply consists of dollars leaving the US and being converted into foreign currencies

International firms prefer investment in strong currency countries to enhance their sourcing prospects to weak currency markets

European economic unification (EC'92) established the Euro as the common regional currency

Economic integration of trade blocs includes all of the following except:

The International Monetary Fund oversees international exchange rates and the orderly exchange of foreign currencies

All of the following apply to the Gold Standard era of exchange rate determination except:

When the dollar moves from 115 yen to 90 yen, the dollar has appreciated in value

Free trade creates jobs but entails little job loss particularly in developed nations

A number of countries use the US dollar as their own official currency

Under crawling band systems, governments adjust the range within which exchange rate values can move

International firms prefer investment in weak currency countries to enhance their sourcing prospects to strong currency markets

When Japanese firms repatriate profits from the US to Japan, this creates demand for dollars

When the dollar moves from 0.95 Euros to 1.12 Euros, , the dollar has depreciated in value

The League of Nations failed because many countries were forced to focus on internal problems rather than external liaisons with other nations between 1919 and 1939

The European Commission:

One protectionist argument is that as jobs are exported from developed to developing countries, the developed nation's less educated labor sector suffers disproportionately as national manufacturing gets 'hollowed out'

Inconvertible currencies:

The International Maritime Organization (IMO) performs which of the following function(s):

The private sector contributions to globalization include all of the following except:

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

During the 1945-71 period, foreign countries could use US dollars earned to buy gold at $35 an ounze

Dollar supply consists of dollars leaving the US and being converted into foreign currencies

International firms prefer investment in strong currency countries to enhance their sourcing prospects to weak currency markets

European economic unification (EC'92) established the Euro as the common regional currency

Economic integration of trade blocs includes all of the following except:

The International Monetary Fund oversees international exchange rates and the orderly exchange of foreign currencies

All of the following apply to the Gold Standard era of exchange rate determination except:

When the dollar moves from 115 yen to 90 yen, the dollar has appreciated in value

Free trade creates jobs but entails little job loss particularly in developed nations

A number of countries use the US dollar as their own official currency

Under crawling band systems, governments adjust the range within which exchange rate values can move

International firms prefer investment in weak currency countries to enhance their sourcing prospects to strong currency markets

When Japanese firms repatriate profits from the US to Japan, this creates demand for dollars

When the dollar moves from 0.95 Euros to 1.12 Euros, , the dollar has depreciated in value

The League of Nations failed because many countries were forced to focus on internal problems rather than external liaisons with other nations between 1919 and 1939

The European Commission:

One protectionist argument is that as jobs are exported from developed to developing countries, the developed nation's less educated labor sector suffers disproportionately as national manufacturing gets 'hollowed out'

Inconvertible currencies:

The International Maritime Organization (IMO) performs which of the following function(s):

The private sector contributions to globalization include all of the following except:

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