Question 1

For privatization to work,it must also be accompanied by a more general deregulation and opening of the economy.

Accepted Answer

A) True 
 B)False

Question 2

If a country's economy is to sustain long-run economic growth,the business environment must be conducive to innovations and entrepreneurial activity.

Accepted Answer

A) True 
 B)False

Question 3

Google launched Google Plus to gain a foothold in the social media market.However,given that there are numerous social networking platforms and Facebook is already a leader in social media,Google Plus found it challenging to generate brand loyalty and establish itself in the market.This was because of _____.

Accepted Answer

A)  incumbent disadvantage. 
B)  disintermediation disadvantage. 
C)  late-mover disadvantage. 
D)  horizontal integration disadvantage. 
A)  incumbent disadvantage. 
B)  disintermediation disadvantage. 
C)  late-mover disadvantage. 
D)  horizontal integration disadvantage.

Question 4

Why does education lead to economic development?

Accepted Answer

Nations that invest more in education wi

Question 5

According to Hernando de Soto,which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?

Accepted Answer

A)  Detailed state planning 
B)  Restricting direct investment by foreign enterprises 
C)  Strong property rights 
D)  Market regulation 
A)  Detailed state planning 
B)  Restricting direct investment by foreign enterprises 
C)  Strong property rights 
D)  Market regulation

Question 6

What is the philosophy of Amartya Sen?

Accepted Answer

Amartya Sen is a Nobel Prize-winning eco

Question 7

The state can expropriate the profits from innovation through legal means,such as _____.

Accepted Answer

A)  bureaucratic kickbacks 
B)  excessive taxation 
C)  black market transactions 
D)  privatization 
A)  bureaucratic kickbacks 
B)  excessive taxation 
C)  black market transactions 
D)  privatization

Question 8

Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?

Accepted Answer

A)  Gross national income 
B)  Human Development Index 
C)  Purchasing power parity 
D)  Gross domestic product 
A)  Gross national income 
B)  Human Development Index 
C)  Purchasing power parity 
D)  Gross domestic product

Question 9

Which of the following is an example of deregulation?

Accepted Answer

A)  A country that implements a simplified income tax filing system 
B)  A country that takes over a leading private bank to prevent it from filing for bankruptcy 
C)  A country that provides agricultural subsidies to farmers 
D)  A country that encourages foreign direct investment 
A)  A country that implements a simplified income tax filing system 
B)  A country that takes over a leading private bank to prevent it from filing for bankruptcy 
C)  A country that provides agricultural subsidies to farmers 
D)  A country that encourages foreign direct investment

Question 10

First-mover advantages are the advantages that accrue to early entrants into a market.

Accepted Answer

A) True 
 B)False

Question 11

For privatization to work,it must also be accompanied by:

Accepted Answer

A)  an increase in trade barriers and tariffs. 
B)  an increase in government subsidies. 
C)  stronger barriers to foreign competition. 
D)  a general deregulation of the economy. 
A)  an increase in trade barriers and tariffs. 
B)  an increase in government subsidies. 
C)  stronger barriers to foreign competition. 
D)  a general deregulation of the economy.

Question 12

The state can expropriate the profits from innovation through legal means.

Accepted Answer

A) True 
 B)False

Question 13

Privatization reduces the incentive of business owners to increase productivity,enter new markets,and to exit losing ones.

Accepted Answer

A) True 
 B)False

Question 14

Peruvian development economist Hernando de Soto has argued that the chronic inability of property owners to establish legal title to the property they own is a key problem for innovation,and entrepreneurial activity in developing nations.

Accepted Answer

A) True 
 B)False

Question 15

In all of the following scenarios,the costs of doing business in a country tend to be greater,EXCEPT where:

Accepted Answer

A)  political payoffs are required to gain market access. 
B)  supporting infrastructure is lacking. 
C)  local laws set strict standards with regard to environmental pollution. 
D)  there is limits or caps on damage awards. 
A)  political payoffs are required to gain market access. 
B)  supporting infrastructure is lacking. 
C)  local laws set strict standards with regard to environmental pollution. 
D)  there is limits or caps on damage awards.

Question 16

In some countries,the official GNI per capita measured at PPP data does not reflect the actual the total annual income because:

Accepted Answer

A)  it doesn't consider differences in the cost of living. 
B)  it gives a static picture of development. 
C)  it fails to include income earned from other countries in the form of dividends. 
D)  large amounts of economic activity may be in the form of barter agreements. 
A)  it doesn't consider differences in the cost of living. 
B)  it gives a static picture of development. 
C)  it fails to include income earned from other countries in the form of dividends. 
D)  large amounts of economic activity may be in the form of barter agreements.

Question 17

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

Accepted Answer

A) True 
 B)False

Question 18

A market economy encourages innovation because _____.

Accepted Answer

A)  state ownership of enterprises reduces risks of innovation 
B)  economic freedom leads to greater incentives for innovation 
C)  government-owned and funded research centers become hubs of innovation 
D)  the prices of goods and services, including new products, are fixed by government 
A)  state ownership of enterprises reduces risks of innovation 
B)  economic freedom leads to greater incentives for innovation 
C)  government-owned and funded research centers become hubs of innovation 
D)  the prices of goods and services, including new products, are fixed by government

Question 19

Which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living?

Accepted Answer

A)  Purchasing power parity (PPP) adjustment 
B)  Human Development Index 
C)  Debt to GNI ratio 
D)  Consumer Price Index 
A)  Purchasing power parity (PPP) adjustment 
B)  Human Development Index 
C)  Debt to GNI ratio 
D)  Consumer Price Index

Question 20

Democracy is one of the consequences of economic growth and progress.

Accepted Answer

A) True 
 B)False

For privatization to work,it must also be accompanied by a more general deregulation and opening of the economy.

If a country's economy is to sustain long-run economic growth,the business environment must be conducive to innovations and entrepreneurial activity.

Why does education lead to economic development?

According to Hernando de Soto,which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?

What is the philosophy of Amartya Sen?

The state can expropriate the profits from innovation through legal means,such as _____.

Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?

Which of the following is an example of deregulation?

First-mover advantages are the advantages that accrue to early entrants into a market.

For privatization to work,it must also be accompanied by:

The state can expropriate the profits from innovation through legal means.

Privatization reduces the incentive of business owners to increase productivity,enter new markets,and to exit losing ones.

Peruvian development economist Hernando de Soto has argued that the chronic inability of property owners to establish legal title to the property they own is a key problem for innovation,and entrepreneurial activity in developing nations.

In all of the following scenarios,the costs of doing business in a country tend to be greater,EXCEPT where:

In some countries,the official GNI per capita measured at PPP data does not reflect the actual the total annual income because:

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

A market economy encourages innovation because _____.

Which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living?

Democracy is one of the consequences of economic growth and progress.

Globalization

National Differences in Political Economy, and Legal Systems

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and Rd

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 3: National Differences in Economic Development

For privatization to work,it must also be accompanied by a more general deregulation and opening of the economy.

If a country's economy is to sustain long-run economic growth,the business environment must be conducive to innovations and entrepreneurial activity.

Why does education lead to economic development?

According to Hernando de Soto,which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?

What is the philosophy of Amartya Sen?

The state can expropriate the profits from innovation through legal means,such as _____.

Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?

Which of the following is an example of deregulation?

First-mover advantages are the advantages that accrue to early entrants into a market.

For privatization to work,it must also be accompanied by:

The state can expropriate the profits from innovation through legal means.

Privatization reduces the incentive of business owners to increase productivity,enter new markets,and to exit losing ones.

Peruvian development economist Hernando de Soto has argued that the chronic inability of property owners to establish legal title to the property they own is a key problem for innovation,and entrepreneurial activity in developing nations.

In all of the following scenarios,the costs of doing business in a country tend to be greater,EXCEPT where:

In some countries,the official GNI per capita measured at PPP data does not reflect the actual the total annual income because:

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

A market economy encourages innovation because _____.

Which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living?

Democracy is one of the consequences of economic growth and progress.

Globalization

National Differences in Political Economy, and Legal Systems

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and Rd

Global Human Resource Management

Accounting and Finance in the International Business

Filters