Question 1

The ___________ was established at Bretton Woods to address economic development.

Accepted Answer

World Bank
Explanati

Question 2

Describe the impact of the EU on the non-EU firm.

Accepted Answer

The impact of the EU on non-EU firms can

Question 3

ASEAN began as a defensive alliance of 10 Asian nations concerned about

Accepted Answer

A)  trade barriers in the West. 
B)  translation issues for their export products. 
C)  the spread of communism in their region. 
D)  Japan's influence in the region. 
A)  trade barriers in the West. 
B)  translation issues for their export products. 
C)  the spread of communism in their region. 
D)  Japan's influence in the region.

Question 4

The Treaty of Rome,signed in 1957,established a common market for coal and steel for

Accepted Answer

A)  West Germany, Belgium, the Netherlands, France, Luxembourg, and Italy. 
B)  England, Ireland, Northern Ireland, Scotland, Wales, and France. 
C)  Finland, Sweden, Norway, West Germany, Denmark, and Switzerland. 
D)  Austria, Hungary, Slovakia, Poland, Romania, and Bulgaria. 
A)  West Germany, Belgium, the Netherlands, France, Luxembourg, and Italy. 
B)  England, Ireland, Northern Ireland, Scotland, Wales, and France. 
C)  Finland, Sweden, Norway, West Germany, Denmark, and Switzerland. 
D)  Austria, Hungary, Slovakia, Poland, Romania, and Bulgaria.

Question 5

Trading blocs always bring cost savings to international firms.

Accepted Answer

A) True 
 B)False

Question 6

The World Bank is made up of one large institution,the International Bank for Reconstruction and Development (IBRD).

Accepted Answer

A) True 
 B)False

Question 7

______________ are a reserve asset established by the IMF.

Accepted Answer

Special drawing rights (SDRs
E

Question 8

EU policies

Accepted Answer

A)  affect global business, even if the EU is not directly involved. 
B)  only affect trade with the EU. 
C)  have little impact on global trade. 
D)  are optional for most globally traded goods. 
A)  affect global business, even if the EU is not directly involved. 
B)  only affect trade with the EU. 
C)  have little impact on global trade. 
D)  are optional for most globally traded goods.

Question 9

The ______________,also known as the World Court,makes legal decisions on disputes between national governments.

Accepted Answer

International Court of Justice

Question 10

The export of U.S.corn to Mexico was the ________ area to have tariffs dropped.

Accepted Answer

last
Explanation: Small farmer

Question 11

The benefits of liberalized trade so far have been

Accepted Answer

A)  beneficial for developing economies. 
B)  harmful for developing economies. 
C)  unclear for developed economies. 
D)  uneven for developing and developed economies. 
A)  beneficial for developing economies. 
B)  harmful for developing economies. 
C)  unclear for developed economies. 
D)  uneven for developing and developed economies.

Question 12

New institutional theory divides institutions into

Accepted Answer

A)  two basic types: formal and informal. 
B)  three basic types: formal, informal, and technical. 
C)  two basic types: technical and nontechnical. 
D)  three basic types: classified, unclassified, and unclassifiable. 
A)  two basic types: formal and informal. 
B)  three basic types: formal, informal, and technical. 
C)  two basic types: technical and nontechnical. 
D)  three basic types: classified, unclassified, and unclassifiable.

Question 13

Recently,regional trade agreements have grown,a trend that may be seen to strengthen the WTO,according to the text.

Accepted Answer

A) True 
 B)False

Question 14

The two major developed African economies are

Accepted Answer

A)  South Africa and Nigeria. 
B)  Nigeria and Kenya. 
C)  South Africa and Kenya. 
D)  South Africa and the Central African Republic. 
A)  South Africa and Nigeria. 
B)  Nigeria and Kenya. 
C)  South Africa and Kenya. 
D)  South Africa and the Central African Republic.

Question 15

In developing economies,informal institutions tend to play a greater role than in developed economies,possibly because

Accepted Answer

A)  the developing economies have more ambiguity and lack formal institutions by definition, so informal institutions step into the breach. 
B)  developing economies show cultural preference for informality. 
C)  these economies have not learned about formal institutions. 
D)  informal institutions are less expensive to develop. 
A)  the developing economies have more ambiguity and lack formal institutions by definition, so informal institutions step into the breach. 
B)  developing economies show cultural preference for informality. 
C)  these economies have not learned about formal institutions. 
D)  informal institutions are less expensive to develop.

Question 16

The room arrangement of the ________ is notable because it is circular.

Accepted Answer

Security Council
Explanation:

Question 17

The World Bank is actually composed of _______ agencies with focuses on various development challenges.

Accepted Answer

five
Explanation: The five agencies are

Question 18

Strictly speaking,the impact of the EU on the WTO could be said to be negative,because

Accepted Answer

A)  a country could belong to only one of these organizations. 
B)  the favored trade relationships among EU members are not extended to nonmember countries, so the EU undercuts the WTO. 
C)  the euro threatens other hard currencies supported by the WTO, such as the dollar and the yen. 
D)  the WTO does not collect dues from EU member nations. 
A)  a country could belong to only one of these organizations. 
B)  the favored trade relationships among EU members are not extended to nonmember countries, so the EU undercuts the WTO. 
C)  the euro threatens other hard currencies supported by the WTO, such as the dollar and the yen. 
D)  the WTO does not collect dues from EU member nations.

Question 19

NAFTA has a carve-out for

Accepted Answer

A)  Canadian eggs, sugar, poultry, and dairy. 
B)  Mexican corn and strawberries. 
C)  U.S. beef. 
D)  U.S. apples. 
A)  Canadian eggs, sugar, poultry, and dairy. 
B)  Mexican corn and strawberries. 
C)  U.S. beef. 
D)  U.S. apples.

Question 20

The Doha Round's discussions are contentious on several major issues,including

Accepted Answer

A)  agriculture and intellectual property rights. 
B)  industrial goods and agriculture. 
C)  trade barriers and duties. 
D)  nontariff barriers and agriculture. 
A)  agriculture and intellectual property rights. 
B)  industrial goods and agriculture. 
C)  trade barriers and duties. 
D)  nontariff barriers and agriculture.

The ___________ was established at Bretton Woods to address economic development.

Describe the impact of the EU on the non-EU firm.

ASEAN began as a defensive alliance of 10 Asian nations concerned about

The Treaty of Rome,signed in 1957,established a common market for coal and steel for

Trading blocs always bring cost savings to international firms.

The World Bank is made up of one large institution,the International Bank for Reconstruction and Development (IBRD).

______________ are a reserve asset established by the IMF.

EU policies

The ______________,also known as the World Court,makes legal decisions on disputes between national governments.

The export of U.S.corn to Mexico was the ________ area to have tariffs dropped.

The benefits of liberalized trade so far have been

New institutional theory divides institutions into

Recently,regional trade agreements have grown,a trend that may be seen to strengthen the WTO,according to the text.

The two major developed African economies are

In developing economies,informal institutions tend to play a greater role than in developed economies,possibly because

The room arrangement of the ________ is notable because it is circular.

The World Bank is actually composed of _______ agencies with focuses on various development challenges.

Strictly speaking,the impact of the EU on the WTO could be said to be negative,because

NAFTA has a carve-out for

The Doha Round's discussions are contentious on several major issues,including

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters

Exam 16: Appendix A: International Institutions From a Business Perspective

The ___________ was established at Bretton Woods to address economic development.

Describe the impact of the EU on the non-EU firm.

ASEAN began as a defensive alliance of 10 Asian nations concerned about

The Treaty of Rome,signed in 1957,established a common market for coal and steel for

Trading blocs always bring cost savings to international firms.

The World Bank is made up of one large institution,the International Bank for Reconstruction and Development (IBRD).

______________ are a reserve asset established by the IMF.

EU policies

The ______________,also known as the World Court,makes legal decisions on disputes between national governments.

The export of U.S.corn to Mexico was the ________ area to have tariffs dropped.

The benefits of liberalized trade so far have been

New institutional theory divides institutions into

Recently,regional trade agreements have grown,a trend that may be seen to strengthen the WTO,according to the text.

The two major developed African economies are

In developing economies,informal institutions tend to play a greater role than in developed economies,possibly because

The room arrangement of the ________ is notable because it is circular.

The World Bank is actually composed of _______ agencies with focuses on various development challenges.

Strictly speaking,the impact of the EU on the WTO could be said to be negative,because

NAFTA has a carve-out for

The Doha Round's discussions are contentious on several major issues,including

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters