Exam 11: Technological Change and Infrastructure

In the postwar boom of the 1950s, economists such as Moses Abramovitz and Robert Solow believed that several stimuli contributed to economic growth, generating abundant opportunities for international business. Which of the following stimuli contributed the most to economic growth?

The prediction that data processing power will double every 24 months is known as _____.

Using examples, assess the impact of companies, universities, and governments when working together.

CityCem Corp. is a leading cement manufacturer in the country of Eastworth. It depends on different vendors to get the primary substances such as limestone, sand, and shale that are required for cement manufacturing. In this scenario, these basic substances from which cement is made are referred to as _____.

Garcia requires money to pay off debts that have been building up for a while. She chooses to borrow from an online money-lending site. She visits the site and enters the required amount along with the other necessary information and waits to hear from prospective lenders. The site that Garcia has used would receive a certain percentage of the loan amount as its fee. In this scenario, which of the following is Garcia most likely to use to find people who could give her the loan?

NewBizHelp works with small and growing new businesses and guides them through the initial hurdles of a start-up. It is specific about its clients and serves only particular business sectors. It works with a start-up to provide them office space, legal and accounting guidance, computer and technological services, and other prerequisites required to run a business. In this scenario, NewBizHelp is considered a _____.

Jade owns a car that he rarely uses. He prefers using public transportation for his daily commuting needs. Jade decides to use the service provided by BestRentals, a car-sharing service, to rent his car to people looking to hire a car. BestRentals helps Jade connect with prospective renters. This scenario best exemplifies the system of _____.

One important advantage for global business is that cloud-based solutions enable companies to quickly take their electronic content global. Despite the availability of data, discuss the challenges that global firms are most likely to face.

In the context of globalization, which of the following statements is true of research and development (R&D)?

Linda needs money urgently because of a family medical emergency. She decides to avail the services of a money borrowing site. She visits one of the leading peer-to-peer site, enters the amount she requires, and also enters other personal and professional details as required by the site's terms and conditions. She then receives intimation from people across the globe who wish to loan the money at certain rates. She chooses the one that she feels is appropriate and enters a deal. In this scenario, the site Linda uses to borrow the required money is referred to as the _____.

In the context of transportation networks, unlike air transport, shipping by sea:

Gina frequently visits Vaanfa. Each time she is in Vaanfa, she uses the services provided by an online car rental marketplace and acquires a car on rent to drive around the city. The site provides Gina a variety of cars to choose from. This virtual marketplace possesses a list of possible people who wish to lend their cars to prospective renters. In this scenario, which of the following virtual marketplaces is Gina most likely using?

In the context of communication technologies, which of the following is a difference between Japan and the United States?

Which of the following companies is the world's largest transporter of shipping containers today?

In the context of human capital, which of the following exemplifies a skills shortage?

James wants to rent half of his brownstone house as he lives alone and hardly uses all the rooms in the house. He decides to visit an online community marketplace where he can find probable rent-seeking individuals. In this scenario, which of the following websites is James most likely to use?

In the context of transportation networks, compare and contrast the pros and cons associated with shipping by sea, air transport, and ground transport.

_____ is the abilities, skills, experience, and knowledge possessed by individuals.

In the context of human capital, economic output is a function of _____.

Which of the following statements correctly presents the difference between the speed of the Internet in Korea and in Africa?