Question 1

All of the world's larger trading nations have ratified CIGS.

Accepted Answer

A) True 
 B)False  False

Question 2

Thanks to the World Intellectual Property Organization,enforcement of intellectual property rights is strong across the globe.

Accepted Answer

A) True 
 B)False  False

Question 3

Discuss privatization.Why is it important?

Accepted Answer

Privatization transfers the ownership of state property into the hands of private individuals.It is seen as a way to unlock gains in economic efficiency by giving new private owners a powerful incentive,greater profit potential,to enter new markets,and to exit losing ones.

Question 4

The benefits of doing business in a country are a function of all of the following except:

Accepted Answer

A) the size of the market. 
B) its past growth. 
C) its present wealth. 
D) its future growth prospects. 
A) the size of the market. 
B) its past growth. 
C) its present wealth. 
D) its future growth prospects.

Question 5

What is the philosophy of Amartya Sen?

Accepted Answer

Amartya Sen is a Nobel Prize-winning eco

Question 6

A country's political economy and culture are independent of each other.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following provides exclusive legal rights to authors,composers,playwrights,artists,and publishers to publish and disperse their work as they see fit?

Accepted Answer

A) Patents 
B) Copyrights 
C) Trademarks 
D) Licenses 
A) Patents 
B) Copyrights 
C) Trademarks 
D) Licenses

Question 8

A country's legal system can affect the attractiveness of a country as an investment site and/or market.

Accepted Answer

A) True 
 B)False

Question 9

Interdependent political,economic,and legal systems of a country make up its:

Accepted Answer

A) administrative agenda. 
B) socioeconomic fabric. 
C) economic environment. 
D) political economy. 
A) administrative agenda. 
B) socioeconomic fabric. 
C) economic environment. 
D) political economy.

Question 10

What is the United Nations convention on contracts for the international sale of goods (CIGS)?

Accepted Answer

CIGS establishes a uniform set of rules

Question 11

Antitrust laws in the United States are designed to:

Accepted Answer

A) encourage business practices designed to monopolize a market. 
B) discourage private ownership. 
C) restrict privatization. 
D) outlaw monopolies. 
A) encourage business practices designed to monopolize a market. 
B) discourage private ownership. 
C) restrict privatization. 
D) outlaw monopolies.

Question 12

Safety standards to which a product must adhere are set by:

Accepted Answer

A) safety certifications. 
B) the government standards department. 
C) product safety laws. 
D) product liability laws. 
A) safety certifications. 
B) the government standards department. 
C) product safety laws. 
D) product liability laws.

Question 13

Identify the incorrect statement pertaining to intellectual property rights.

Accepted Answer

A) Its violation cost personal computer software firms revenues equal to $48 billion in 2007. 
B) The protection of intellectual property rights is more or less the same in all countries. 
C) The enforcement of its regulations has often been lax. 
D) Its violation has been very bad in China,where the piracy rate in 2007 ran at 82 percent. 
A) Its violation cost personal computer software firms revenues equal to $48 billion in 2007. 
B) The protection of intellectual property rights is more or less the same in all countries. 
C) The enforcement of its regulations has often been lax. 
D) Its violation has been very bad in China,where the piracy rate in 2007 ran at 82 percent.

Question 14

In a planned economy,the state owns all means of production.

Accepted Answer

A) True 
 B)False

Question 15

In a pure market economy:

Accepted Answer

A) all productive activities are owned by the state. 
B) all productive activities are privately owned. 
C) the government plans the goods and services that a country produces. 
D) resources are allocated for "the good of society." 
A) all productive activities are owned by the state. 
B) all productive activities are privately owned. 
C) the government plans the goods and services that a country produces. 
D) resources are allocated for "the good of society."

Question 16

In a pure command economy:

Accepted Answer

A) all productive activities are owned by the state. 
B) all productive activities are privately owned. 
C) the goods and services that a country produces are not planned by anyone. 
D) production is determined by the interaction of supply and demand. 
A) all productive activities are owned by the state. 
B) all productive activities are privately owned. 
C) the goods and services that a country produces are not planned by anyone. 
D) production is determined by the interaction of supply and demand.

Question 17

Identify the incorrect statement pertaining to a country's political economy.

Accepted Answer

A) It is independent of the culture of a nation. 
B) It is a combination of interdependent political,economic,and legal systems. 
C) Its various systems interact and influence each other. 
D) Its interacting systems affect the level of economic well-being. 
A) It is independent of the culture of a nation. 
B) It is a combination of interdependent political,economic,and legal systems. 
C) Its various systems interact and influence each other. 
D) Its interacting systems affect the level of economic well-being.

Question 18

The Cold War was essentially a war between _____,championed by the now-defunct Soviet Union,and _____,championed by the United States.

Accepted Answer

A) collectivism; individualism 
B) democracy; socialism 
C) totalitarianism; socialism 
D) individualism; collectivism 
A) collectivism; individualism 
B) democracy; socialism 
C) totalitarianism; socialism 
D) individualism; collectivism

Question 19

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

Accepted Answer

A) True 
 B)False

Question 20

The HDI is based on life expectancy at birth,educational attainment,and whether average incomes are sufficient to meet the basic needs of life in a country.

Accepted Answer

A) True 
 B)False

All of the world's larger trading nations have ratified CIGS.

Thanks to the World Intellectual Property Organization,enforcement of intellectual property rights is strong across the globe.

Discuss privatization.Why is it important?

The benefits of doing business in a country are a function of all of the following except:

What is the philosophy of Amartya Sen?

A country's political economy and culture are independent of each other.

Which of the following provides exclusive legal rights to authors,composers,playwrights,artists,and publishers to publish and disperse their work as they see fit?

A country's legal system can affect the attractiveness of a country as an investment site and/or market.

Interdependent political,economic,and legal systems of a country make up its:

What is the United Nations convention on contracts for the international sale of goods (CIGS)?

Antitrust laws in the United States are designed to:

Safety standards to which a product must adhere are set by:

Identify the incorrect statement pertaining to intellectual property rights.

In a planned economy,the state owns all means of production.

In a pure market economy:

In a pure command economy:

Identify the incorrect statement pertaining to a country's political economy.

The Cold War was essentially a war between _,championed by the now-defunct Soviet Union,and _,championed by the United States.

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

The HDI is based on life expectancy at birth,educational attainment,and whether average incomes are sufficient to meet the basic needs of life in a country.

Globalization

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters

Exam 2: National Differences in Political Economy

All of the world's larger trading nations have ratified CIGS.

Thanks to the World Intellectual Property Organization,enforcement of intellectual property rights is strong across the globe.

Discuss privatization.Why is it important?

The benefits of doing business in a country are a function of all of the following except:

What is the philosophy of Amartya Sen?

A country's political economy and culture are independent of each other.

Which of the following provides exclusive legal rights to authors,composers,playwrights,artists,and publishers to publish and disperse their work as they see fit?

A country's legal system can affect the attractiveness of a country as an investment site and/or market.

Interdependent political,economic,and legal systems of a country make up its:

What is the United Nations convention on contracts for the international sale of goods (CIGS)?

Antitrust laws in the United States are designed to:

Safety standards to which a product must adhere are set by:

Identify the incorrect statement pertaining to intellectual property rights.

In a planned economy,the state owns all means of production.

In a pure market economy:

In a pure command economy:

Identify the incorrect statement pertaining to a country's political economy.

The Cold War was essentially a war between _____,championed by the now-defunct Soviet Union,and _____,championed by the United States.

Transformation from centrally planned command economies to market-based economies can be attributed to the fact that command and mixed economies failed to deliver the sustained economic performance achieved by countries adopting market-based systems.

The HDI is based on life expectancy at birth,educational attainment,and whether average incomes are sufficient to meet the basic needs of life in a country.

Globalization

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters

The Cold War was essentially a war between _,championed by the now-defunct Soviet Union,and _,championed by the United States.