C211 Second OA quizzes Exam with 100%
Correct Answers ( RATED A+) VERIFIED BY
EXPERTS
The term "emerging economies" has replaced the term _____. - ANSWER Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____. -
ANSWER gross national product
More than 25% of global GDP comes from _____. - ANSWER BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - ANSWER North America, Western
Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than
$2,000
Which of the following would be an example of a top down innovation? - ANSWER Lowering prices and
features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - ANSWER It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on? - ANSWER
Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global business in
that the resource-based view _____. - ANSWER focuses on the internal strengths on the firm
,The liability of foreignness is the inherent disadvantage faced by _____. - ANSWER foreign firms in host
nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? - ANSWER It is a
western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other. - ANSWER Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as _____. -
ANSWER Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. - ANSWER
Shrinking
A conversion that determines the equivalent amount of goods and services that different currencies can
buy is known as _____. - ANSWER purchasing power parity
Which of the following countries would be characterized as an emerging economy? - ANSWER Brazil
Which of the following countries is represented in the Triad of the global economic pyramid? - ANSWER
Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than
$2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then diffused
around the world. - ANSWER reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments. - ANSWER institution-based
, The _____ view of global business focuses on internal factors that can help a firm overcome its external
environment. - ANSWER resource-based
Which of the following is true of globalization according to the "pendulum view" perspective? - ANSWER
Globalization is a not a one-directional phenomenon
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other. - ANSWER semiglobalization
_____ is the strategy of treating the entire world as one market. - ANSWER Standardization
Protectionism is similar to mercantilism as they both advocated _____. - ANSWER government
involvement in international trade
The _____ principle advocated that governments should actively protect domestic industries from
imports and vigorously promote exports. - ANSWER Protectionism
Which of the following is a modern trade theory? - ANSWER National competitive advantage
Which of the following trade theories divides the nations of the world into three categories? - ANSWER
Product life cycle
Which of the following was the first international trade theory to account for changes in the patterns of
trade over time? - ANSWER Product life cycle theory
In the third stage of the product life cycle theory, the _____. - ANSWER product is standardized
Which of the following describes resource mobility as assumed by the classical theories of international
trade? - ANSWER It is the assumption that a resource used in producing a product for one industry can
be shifted and put to use in another industry
Correct Answers ( RATED A+) VERIFIED BY
EXPERTS
The term "emerging economies" has replaced the term _____. - ANSWER Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____. -
ANSWER gross national product
More than 25% of global GDP comes from _____. - ANSWER BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - ANSWER North America, Western
Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than
$2,000
Which of the following would be an example of a top down innovation? - ANSWER Lowering prices and
features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - ANSWER It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on? - ANSWER
Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global business in
that the resource-based view _____. - ANSWER focuses on the internal strengths on the firm
,The liability of foreignness is the inherent disadvantage faced by _____. - ANSWER foreign firms in host
nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? - ANSWER It is a
western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other. - ANSWER Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as _____. -
ANSWER Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. - ANSWER
Shrinking
A conversion that determines the equivalent amount of goods and services that different currencies can
buy is known as _____. - ANSWER purchasing power parity
Which of the following countries would be characterized as an emerging economy? - ANSWER Brazil
Which of the following countries is represented in the Triad of the global economic pyramid? - ANSWER
Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than
$2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then diffused
around the world. - ANSWER reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments. - ANSWER institution-based
, The _____ view of global business focuses on internal factors that can help a firm overcome its external
environment. - ANSWER resource-based
Which of the following is true of globalization according to the "pendulum view" perspective? - ANSWER
Globalization is a not a one-directional phenomenon
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other. - ANSWER semiglobalization
_____ is the strategy of treating the entire world as one market. - ANSWER Standardization
Protectionism is similar to mercantilism as they both advocated _____. - ANSWER government
involvement in international trade
The _____ principle advocated that governments should actively protect domestic industries from
imports and vigorously promote exports. - ANSWER Protectionism
Which of the following is a modern trade theory? - ANSWER National competitive advantage
Which of the following trade theories divides the nations of the world into three categories? - ANSWER
Product life cycle
Which of the following was the first international trade theory to account for changes in the patterns of
trade over time? - ANSWER Product life cycle theory
In the third stage of the product life cycle theory, the _____. - ANSWER product is standardized
Which of the following describes resource mobility as assumed by the classical theories of international
trade? - ANSWER It is the assumption that a resource used in producing a product for one industry can
be shifted and put to use in another industry
