Question 1

The UN Environment Programme laid the groundwork for the Climate Change Convention,which led to the Kyoto Protocol.

Accepted Answer

A) True 
 B)False

Question 2

The UN Security Council has _______ members,including the permanent and rotating memberships.

Accepted Answer

The answer of The UN Security Council has _______ members,including...

Question 3

In the EU,the ________________ represents the states and is the primary policy-setting body.

Accepted Answer

The answer of In the EU,the ________________ represents the states...

Question 4

Although the EU can influence the practices of businesses located in non-EU member countries,Microsoft has been able to maintain business in the EU much as it conducts business in the U.S.

Accepted Answer

A) True 
 B)False

Question 5

The major function of the World Bank is to serve as

Accepted Answer

A)  a nonprofit banking cooperative for its members to meet development needs. 
B)  a central bank for the world's central bankers. 
C)  a nonprofit cooperative to finance the educational needs of its members. 
D)  an investment in funds in global businesses to create value for its shareholders.

Question 6

Mercosur and Mercosul are acronyms for the _________________,whose full membership includes Argentina,Brazil,Paraguay,Uruguay,and Venezuela.

Accepted Answer

The answer of Mercosur and Mercosul are acronyms for the...

Question 7

New institutional theory suggests that institutions be understood as collections of rules and codes of conduct that limit behavior.

Accepted Answer

A) True 
 B)False

Question 8

Guanxi is an example of an informal ________ institution.

Accepted Answer

The answer of Guanxi is an example of an informal...

Question 9

The idea that WTO members treat all members equally is known as

Accepted Answer

A)  the transparency principle. 
B)  the fairness principle. 
C)  the equity and equality principle. 
D)  the MFN/most favored nation principle.

Question 10

The Doha Development Agenda is

Accepted Answer

A)  a WTO plan to establish free trade among the emirates in the Persian Gulf. 
B)  the government seat of Qatar and a source of significant WTO funding through Sheik Kalifa al-Thani. 
C)  a UN plan to develop the Arab Emirates to ensure their independence. 
D)  an extended conference of the WTO initially convened in Doha.

Question 11

The _______ Environment Programme laid the groundwork for the Climate Change Convention,leading to the Kyoto Protocol.

Accepted Answer

The answer of The _______ Environment Programme laid the groundwork...

Question 12

Most African countries have their main trade relationships with

Accepted Answer

A)  developed countries, often their former colonial powers. 
B)  one another, within the continent. 
C)  the U.S. and EU. 
D)  China.

Question 13

Among trading blocs,the EU has the largest GDP per capita.

Accepted Answer

A) True 
 B)False

Question 14

Mercosur or Mercosul is

Accepted Answer

A)  a vital trading bloc in Latin America known as the Common Market of the South. 
B)  a former trading bloc that was headed by Venezuela. 
C)  a customs union between Brazil and Argentina. 
D)  a customs union between Paraguay, Bolivia, and San Salvadore.

Question 15

Any kind of economic integration agreement

Accepted Answer

A)  brings reduced costs to members. 
B)  results in increased costs for members. 
C)  leads to increased costs for those outside the trading bloc. 
D)  demands loyalty of the nation's traders to respect the trade rules.

Question 16

________ was originally a political and defense alliance of countries concerned about the threat of communism.

Accepted Answer

The answer of ________ was originally a political and defense...

Question 17

Informal institutions operate like

Accepted Answer

A)  the mind's software. 
B)  well-oiled machines. 
C)  a bullet train. 
D)  a smooth ride in a luxury car.

Question 18

The ____________ is the only global organization designed to establish and implement rules of trade between nations.

Accepted Answer

The answer of The ____________ is the only global organization...

Question 19

WTO agreement on TRIPS had led to member agreement to

Accepted Answer

A)  enforce 20-year patents and 50-year copyrights. 
B)  reduce trade barriers. 
C)  ensure immediate availability of generic drugs in developing economies. 
D)  repatriate foreign citizens convicted of property rights violations.

Question 20

Although India is a member of the WTO and has benefited greatly from increased trade as a result of WTO agreements,China is not yet a member.

Accepted Answer

A) True 
 B)False

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

The UN Environment Programme laid the groundwork for the Climate Change Convention,which led to the Kyoto Protocol.

The UN Security Council has _______ members,including the permanent and rotating memberships.

In the EU,the ________________ represents the states and is the primary policy-setting body.

Although the EU can influence the practices of businesses located in non-EU member countries,Microsoft has been able to maintain business in the EU much as it conducts business in the U.S.

The major function of the World Bank is to serve as

Mercosur and Mercosul are acronyms for the _________________,whose full membership includes Argentina,Brazil,Paraguay,Uruguay,and Venezuela.

New institutional theory suggests that institutions be understood as collections of rules and codes of conduct that limit behavior.

Guanxi is an example of an informal ________ institution.

The idea that WTO members treat all members equally is known as

The Doha Development Agenda is

The _______ Environment Programme laid the groundwork for the Climate Change Convention,leading to the Kyoto Protocol.

Most African countries have their main trade relationships with

Among trading blocs,the EU has the largest GDP per capita.

Mercosur or Mercosul is

Any kind of economic integration agreement

________ was originally a political and defense alliance of countries concerned about the threat of communism.

Informal institutions operate like

The ____________ is the only global organization designed to establish and implement rules of trade between nations.

WTO agreement on TRIPS had led to member agreement to

Although India is a member of the WTO and has benefited greatly from increased trade as a result of WTO agreements,China is not yet a member.