Question 1

The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should:

Accepted Answer

A) abolish the laws that deal with protection of property rights. 
B) introduce stringent foreign investment regulations. 
C) increase its intervention in the economy. 
D) adopt privatization. 
E) oppose democracy. 
A) abolish the laws that deal with protection of property rights. 
B) introduce stringent foreign investment regulations. 
C) increase its intervention in the economy. 
D) adopt privatization. 
E) oppose democracy.

Question 2

The work by Jeffrey Sachs suggests that investments in which of the following help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America?

Accepted Answer

A) Nuclear weapons 
B) Education 
C) Terrorist activities 
D) Nationalization of private properties 
E) Active bartering 
A) Nuclear weapons 
B) Education 
C) Terrorist activities 
D) Nationalization of private properties 
E) Active bartering

Question 3

The Human Development Index comes close to Amartya Sen's conception of how development should be measured, although which of the following, suggested by Sen in his thesis, is not included in the index?

Accepted Answer

A) Basic health care 
B) Political freedom 
C) Educational attainment 
D) Basic average income 
E) Life expectancy at birth 
A) Basic health care 
B) Political freedom 
C) Educational attainment 
D) Basic average income 
E) Life expectancy at birth

Question 4

The shift toward deregulation has been easier for former command economies than for mixed economies.

Accepted Answer

A) True 
 B)False

Question 5

A strong belief that economic progress leads to adoption of a totalitarian 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 6

Describe Amartya Sen's conceptions of development.

Accepted Answer

The Nobel Prize-winning economist Amarty

Question 7

In 2012, if the PPP per capita of China was $9,040 and the PPP per capita of the United States was $52,340, this means that the:

Accepted Answer

A) GNI per capita was greater in China. 
B) percent of goods and services consumed in the United States was lower. 
C) standard of living in China was better. 
D) cost of living was lower in China. 
E) annual average GDP growth rate was lower in China. 
A) GNI per capita was greater in China. 
B) percent of goods and services consumed in the United States was lower. 
C) standard of living in China was better. 
D) cost of living was lower in China. 
E) annual average GDP growth rate was lower in China.

Question 8

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 9

Which of the following factors in a country is most likely to cause political risk for an international business?

Accepted Answer

A) The presence of more than one ethnic nationality 
B) Infrequent changes in government and government policy 
C) Low inflation rate 
D) Low level of government debt 
E) High living standards 
A) The presence of more than one ethnic nationality 
B) Infrequent changes in government and government policy 
C) Low inflation rate 
D) Low level of government debt 
E) High living standards

Question 10

When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the company?

Accepted Answer

A) First-mover disadvantages 
B) Last-mover disadvantages 
C) Last-in first-out disadvantages 
D) Comparative disadvantages 
E) Absolute disadvantages 
A) First-mover disadvantages 
B) Last-mover disadvantages 
C) Last-in first-out disadvantages 
D) Comparative disadvantages 
E) Absolute disadvantages

Question 11

The government of Nerumbia wants to open the country's economy to international business, and increase its overall attractiveness as a potential market or investment site. Which of the following will facilitate this decision of the Nerumbian government?

Accepted Answer

A) Shifting toward command economy or an economy where property rights are not enforced strictly 
B) Investing in infrastructure and in the required supporting businesses 
C) Frequently changing the government and the government policies 
D) Maintaining a high inflation rate 
E) Adopting a legal system which does not provide any protection for intellectual property rights 
A) Shifting toward command economy or an economy where property rights are not enforced strictly 
B) Investing in infrastructure and in the required supporting businesses 
C) Frequently changing the government and the government policies 
D) Maintaining a high inflation rate 
E) Adopting a legal system which does not provide any protection for intellectual property rights

Question 12

The belief that geography can influence economic policy, and hence economic growth rates, goes back to:

Accepted Answer

A) Adam Smith. 
B) Amartya Sen. 
C) Plato. 
D) Aristotle. 
E) Karl Marx. 
A) Adam Smith. 
B) Amartya Sen. 
C) Plato. 
D) Aristotle. 
E) Karl Marx.

Question 13

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Accepted Answer

A) Market economy 
B) Economic freedom 
C) State monopoly in production 
D) Privatization 
E) Strong legal protection of property rights 
A) Market economy 
B) Economic freedom 
C) State monopoly in production 
D) Privatization 
E) Strong legal protection of property rights

Question 14

Which of the following statements is true about the late influential political scientist Samuel Huntington's vision of the new world?

Accepted Answer

A) Samuel Huntington maintained that as societies continue modernizing they will also become more Western. 
B) Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional. 
C) Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government. 
D) Samuel Huntington envisioned the end of the war of ideas between different civilizations. 
E) Samuel Huntington suggested that most developing countries will stop adopting the material paraphernalia of the modern world. 
A) Samuel Huntington maintained that as societies continue modernizing they will also become more Western. 
B) Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional. 
C) Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government. 
D) Samuel Huntington envisioned the end of the war of ideas between different civilizations. 
E) Samuel Huntington suggested that most developing countries will stop adopting the material paraphernalia of the modern world.

Question 15

In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting market-based systems.

Accepted Answer

A) True 
 B)False

Question 16

According to the author Francis Fukuyama, the world is most likely witnessing the end of:

Accepted Answer

A) free market economies. 
B) capitalism. 
C) liberal democracies. 
D) privatization. 
E) humanity's ideological evolution. 
A) free market economies. 
B) capitalism. 
C) liberal democracies. 
D) privatization. 
E) humanity's ideological evolution.

Question 17

In economic terms, the long-run monetary benefits of doing business in a country are most likely to be a function of the:

Accepted Answer

A) gender ratio of the country. 
B) latitudinal and the longitudinal location of the country. 
C) natural resources available in the country. 
D) present wealth (purchasing power) of consumers of the country. 
E) political history of the country. 
A) gender ratio of the country. 
B) latitudinal and the longitudinal location of the country. 
C) natural resources available in the country. 
D) present wealth (purchasing power) of consumers of the country. 
E) political history of the country.

Question 18

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

Accepted Answer

The political economy of many of the wor

Question 19

What are the various reasons that account for the spread of democracy?

Accepted Answer

Three main reasons account for the sprea

Question 20

List the three measures on which the Human Development Index (HDI) is based.

Accepted Answer

Amartya Sen's influential thesis has bee

The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should:

The work by Jeffrey Sachs suggests that investments in which of the following help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America?

The Human Development Index comes close to Amartya Sen's conception of how development should be measured, although which of the following, suggested by Sen in his thesis, is not included in the index?

The shift toward deregulation has been easier for former command economies than for mixed economies.

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

Describe Amartya Sen's conceptions of development.

In 2012, if the PPP per capita of China was $9,040 and the PPP per capita of the United States was $52,340, this means that the:

Economic advances in many countries have led to the:

Which of the following factors in a country is most likely to cause political risk for an international business?

The government of Nerumbia wants to open the country's economy to international business, and increase its overall attractiveness as a potential market or investment site. Which of the following will facilitate this decision of the Nerumbian government?

The belief that geography can influence economic policy, and hence economic growth rates, goes back to:

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Which of the following statements is true about the late influential political scientist Samuel Huntington's vision of the new world?

In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting market-based systems.

According to the author Francis Fukuyama, the world is most likely witnessing the end of:

In economic terms, the long-run monetary benefits of doing business in a country are most likely to be a function of the:

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

What are the various reasons that account for the spread of democracy?

List the three measures on which the Human Development Index (HDI) is based.

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

The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should:

The work by Jeffrey Sachs suggests that investments in which of the following help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America?

The Human Development Index comes close to Amartya Sen's conception of how development should be measured, although which of the following, suggested by Sen in his thesis, is not included in the index?

The shift toward deregulation has been easier for former command economies than for mixed economies.

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

Describe Amartya Sen's conceptions of development.

In 2012, if the PPP per capita of China was $9,040 and the PPP per capita of the United States was $52,340, this means that the:

Economic advances in many countries have led to the:

Which of the following factors in a country is most likely to cause political risk for an international business?

The government of Nerumbia wants to open the country's economy to international business, and increase its overall attractiveness as a potential market or investment site. Which of the following will facilitate this decision of the Nerumbian government?

The belief that geography can influence economic policy, and hence economic growth rates, goes back to:

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Which of the following statements is true about the late influential political scientist Samuel Huntington's vision of the new world?

In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting market-based systems.

According to the author Francis Fukuyama, the world is most likely witnessing the end of:

In economic terms, the long-run monetary benefits of doing business in a country are most likely to be a function of the:

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

What are the various reasons that account for the spread of democracy?

List the three measures on which the Human Development Index (HDI) is based.

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