For case II,let the international price be 1 bottle = 1 bushel.Derive North Dakota's "trading possibilities curve." &emsp; &emsp; &emsp; &emsp; &emsp; &emsp; &emsp; &emsp; &emsp; &emsp; $\text { South Dakota }$ $\begin{array} { | l | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } \\ \hline\text { Wheat (bushels) }& 2 & 3 & 1 & 2 \\ \hline \text { Beer bottles) } & 4 & 3 & 2& 2 \\ \hline \end{array}$

A) Option A B) Option B C) Option C D) Option D A) Option A B) Option B C) Option C D) Option D

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). \[\begin{array} { | l | c | c | c | c | } \hline & { \text { Case I } } &&{ \text { Case II } } \\ \hline & \text { South Dakota } & \text { North Dakota } & \text { South Dakota } & \text { North Dakota } \\ \hline \text { Wheat (bushels) } & 4 & 1 & 3 & 1 \\ \hline \text { Beer bottles) } & 1 & 2 & 4 & 2 \\ \hline \end{array}\] Which state has an absolute advantage in producing beer in Case II?

A) South Dakota B) North Dakota C) Neither state D) Both states A) South Dakota B) North Dakota C) Neither state D) Both states

A) is the common currency of Europe. B) is divisible into 100 cents,just like the U.S.dollar. C) may eventually have a transaction domain larger than the U.S.dollar. D) all of the options A) is the common currency of Europe. B) is divisible into 100 cents,just like the U.S.dollar. C) may eventually have a transaction domain larger than the U.S.dollar. D) all of the options

A) Multinational Corporation. B) Multi-Nationalized Corporation. C) Military National Cooperation. D) none of the options A) Multinational Corporation. B) Multi-Nationalized Corporation. C) Military National Cooperation. D) none of the options

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). \[\begin{array} { | l | c | c | c | c | } \hline &{ \text { Case I } } & &{ \text { Case II } } \\ \hline & \text { South Dakota } & \text { North Dakota } & \text { South Dakota } & \text { North Dakota } \\ \hline \text { Wheat (bushels) } & 4 & 1 & 3 & 1 \\ \hline \text { Beer bottles) } & 1 & 2 & 4 & 2 \\ \hline \end{array}\] Which state has a comparative advantage in wheat production in Case II?

A) South Dakota B) North Dakota C) Neither state D) Both states A) South Dakota B) North Dakota C) Neither state D) Both states

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). \[\begin{array} { | l | c | c | c | c | } \hline & { \text { Case I } } && { \text { Case II } } \\ \hline & \text { South Dakota } & \text { North Dakota } & \text { South Dakota } & \text { North Dakota } \\ \hline \text { Wheat (bushels) } & 4 & 1 & 3 & 1 \\ \hline \text { Beer bottles) } & 1 & 2 & 4 & 2 \\ \hline \end{array}\] Which state has an absolute advantage in producing wheat in Case I?

A) South Dakota B) North Dakota C) Neither state D) Both states A) South Dakota B) North Dakota C) Neither state D) Both states

Exam 2: Globalization and the Multinational Firm

For case II,let the international price be 1 bottle = 1 bushel.Derive North Dakota's "trading possibilities curve." $\text { South Dakota }$ A B C D Wheat (bushels) 2 3 1 2 Beer bottles) 4 3 2 2

(Multiple Choice)

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Question 61

Most governments at least try to make it difficult for people to cross their borders illegally.This barrier to the free movement of labor is an example of

(Multiple Choice)

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Question 62

Suppose that Northern Ireland and Southern Ireland each have 1,000 hours of labor per day.Southern workers are paid €1 per day and Northern workers are paid £1 per day.What is the approximate exchange rate associated with an international price of one keg of beer = 1 bottle of whiskey? Now suppose that Southern workers receive a raise to €2 per day.Will trade be possible at the exchange rate you found?

(True/False)

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Question 63

Consider the no-trade input/output situation presented in the following table and graph for South and North Carolina.Assume that free trade is legal. Input/Output without Trade

country

south carolina north carolina total

I. total potintal output

(lbs. or yard; 000,000s)

guns 500 250 750

butter 1,000 750 1,750

II. consumption

(lbs. or yard; 000,000s)

guns 250 200 450

butter 500 150 650

What is the relative price of a gun in terms of butter in South Carolina?

(Multiple Choice)

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Question 64

A firm with concentrated ownership

(Multiple Choice)

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Question 65

Production of goods and services has become globalized to a large extent as a result of

(Multiple Choice)

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Question 66

The comparative advantage argument in free trade

(Multiple Choice)

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Question 67

If you can make a good product at a low opportunity cost,

(Multiple Choice)

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Question 68

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). Case I Case II South Dakota North Dakota South Dakota North Dakota Wheat (bushels) 4 1 3 1 Beer bottles) 1 2 4 2 Which state has an absolute advantage in producing beer in Case II?

(Multiple Choice)

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Question 69

The euro

(Multiple Choice)

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Question 70

When corporate governance breaks down

(Multiple Choice)

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Question 71

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input.Country B can produce 8 yards of textiles or 5 pounds of food per unit of input.

(Multiple Choice)

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Question 72

An MNC may gain from its global presence by

(Multiple Choice)

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Question 73

Privatization is often seen as a cure for bureaucratic inefficiency and waste; some economists estimate that privatization improves efficiency and reduces operating costs by as much as

(Multiple Choice)

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Question 74

MNC stands for

(Multiple Choice)

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Question 75

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). Case I Case II South Dakota North Dakota South Dakota North Dakota Wheat (bushels) 4 1 3 1 Beer bottles) 1 2 4 2 Which state has a comparative advantage in wheat production in Case II?

(Multiple Choice)

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Question 76

Countries A and B currently consume 400 units of food and 400 units of textiles each and currently do not trade with one another.The citizens of country A have to give up one unit of food to gain two units of textiles,while the citizens of country B have to give up one unit of textiles to gain two units of food.Their production possibilities curves are shown. Under the theory of comparative advantage

(Multiple Choice)

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Question 77

The table below shows the bushels of wheat and the bottles of beer that North and South Dakota can produce per day of labor under two different hypothetical situations (Cases I and II). Case I Case II South Dakota North Dakota South Dakota North Dakota Wheat (bushels) 4 1 3 1 Beer bottles) 1 2 4 2 Which state has an absolute advantage in producing wheat in Case I?

(Multiple Choice)

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Question 78

Suppose that Great Britain is a major export market for your firm,a U.S.-based MNC.If the British pound depreciates against the U.S.dollar,

(Multiple Choice)

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Question 79

While the corporate governance problem is not confined to the United States,

(Multiple Choice)

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Question 80

For case II,let the international price be 1 bottle = 1 bushel.Derive North Dakota's "trading possibilities curve." $\text { South Dakota }$ A B C D Wheat (bushels) 2 3 1 2 Beer bottles) 4 3 2 2

Most governments at least try to make it difficult for people to cross their borders illegally.This barrier to the free movement of labor is an example of

A firm with concentrated ownership

Production of goods and services has become globalized to a large extent as a result of

The comparative advantage argument in free trade

If you can make a good product at a low opportunity cost,

The euro

When corporate governance breaks down

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input.Country B can produce 8 yards of textiles or 5 pounds of food per unit of input.

An MNC may gain from its global presence by

Privatization is often seen as a cure for bureaucratic inefficiency and waste; some economists estimate that privatization improves efficiency and reduces operating costs by as much as

MNC stands for

Suppose that Great Britain is a major export market for your firm,a U.S.-based MNC.If the British pound depreciates against the U.S.dollar,

While the corporate governance problem is not confined to the United States,

International Monetary System

Balance of Payments

Corporate Governance Around the World

The Market for Foreign Exchange

International Parity Relationships and Forecasting Foreign Exchange Rates

Futures and Options on Foreign Exchange

Management of Transaction Exposure

Management of Economic Exposure

Management of Translation Exposure

International Banking and Money Market

International Bond Market

International Equity Markets

Interest Rate and Currency Swaps

International Portfolio Investment

Foreign Direct Investment and Cross-Border Acquisitions

International Capital Structure and the Cost of Capital

International Capital Budgeting

Multinational Cash Management

International Trade Finance

International Tax Environment and Transfer Pricing

Filters

		country
	south carolina	north carolina	total
I. total potintal output
(lbs. or yard; 000,000s)
guns	500	250	750
butter	1,000	750	1,750
II. consumption
(lbs. or yard; 000,000s)
guns	250	200	450
butter	500	150	650

Exam 2: Globalization and the Multinational Firm

For case II,let the international price be 1 bottle = 1 bushel.Derive North Dakota's "trading possibilities curve." South Dakota \text { South Dakota } South Dakota A B C D Wheat (bushels) 2 3 1 2 Beer bottles) 4 3 2 2

Most governments at least try to make it difficult for people to cross their borders illegally.This barrier to the free movement of labor is an example of

A firm with concentrated ownership

Production of goods and services has become globalized to a large extent as a result of

The comparative advantage argument in free trade

If you can make a good product at a low opportunity cost,

The euro

When corporate governance breaks down

Country A can produce 10 yards of textiles or 6 pounds of food per unit of input.Country B can produce 8 yards of textiles or 5 pounds of food per unit of input.

An MNC may gain from its global presence by

Privatization is often seen as a cure for bureaucratic inefficiency and waste; some economists estimate that privatization improves efficiency and reduces operating costs by as much as

MNC stands for

Suppose that Great Britain is a major export market for your firm,a U.S.-based MNC.If the British pound depreciates against the U.S.dollar,

While the corporate governance problem is not confined to the United States,

International Monetary System

Balance of Payments

Corporate Governance Around the World

The Market for Foreign Exchange

International Parity Relationships and Forecasting Foreign Exchange Rates

Futures and Options on Foreign Exchange

Management of Transaction Exposure

Management of Economic Exposure

Management of Translation Exposure

International Banking and Money Market

International Bond Market

International Equity Markets

Interest Rate and Currency Swaps

International Portfolio Investment

Foreign Direct Investment and Cross-Border Acquisitions

International Capital Structure and the Cost of Capital

International Capital Budgeting

Multinational Cash Management

International Trade Finance

International Tax Environment and Transfer Pricing

Filters

For case II,let the international price be 1 bottle = 1 bushel.Derive North Dakota's "trading possibilities curve." $\text { South Dakota }$ A B C D Wheat (bushels) 2 3 1 2 Beer bottles) 4 3 2 2