DOWNLOAD THE Test Bank for International Business 2nd Edition Geringer
n n n n n n n n n
Module 02 International Trade and Investment
n n n n n
1) Internationalntradenincludesnexports,nimports,nandnforeignndirectninvestment.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigation
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Bloom'sn:nRemembernDifficult
yn:n1nEasy
Internationalntradenincludesnexportsnandnimports,nbutnnotnforeignndirectninvestment.
2) Nearlyn60npercentnofnglobalnoutputnisnnowndestinednforninternationalntrade.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Nearlyn60npercentnofnglobalnoutputnisnnowndestinednforninternationalntrade—
anothernindicationnofnthenextentntonwhichninternationalntradenhasnbecomenancriticalnfactorninnthenecon
omicnactivitynofnmany,nifnnotnmost,nofnthencountriesnofnthenworld.
3) ThenproportionnofnworldntradencomingnfromnNorthnAmerica,nLatinnAmerica,nAfrica,nandnt
henMiddlenEastnhasndecreasednsincen1983.
⊚ true
⊚ false
Versionn1 1
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n n n n n n n n n
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Althoughnthenabsolutenvaluenofntheirnmerchandisenexportsnincreased,nthenproportionnofnworldntradencomi
ngnfromnNorthnAmerica,nLatinnAmerica,nAfrica,nandnthenMiddlenEastndecreasednsincen1983,nreflectingnt
hengreaternlevelnofnexportngrowthninnothernregions.
4) Currently,nthenUnitednStatesnisnthenlargestnexporterninnthenworld.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigation
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Bloom'sn:nRemembernDifficult
yn:n1nEasy
NotnonlynhasnChinanbecomenthenlargestnexporterninnthenworld,nbutnalson500nmillionnChinesenhavenbee
nnliftednoutnofnpovertynbynthencountry’sntrade-drivennpolicies.
5) Thanksninnpartntoncommunicationnadvancements,ninternationalntradenhasnstabilizednandn
becomenevenlyndistributednacrossnallncountriesnofnthenworld.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Versionn1 2
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n n n n n n n n n
Then10nlargestnexportersnandnimportersncollectivelynaccountnfornovernhalfnthenworld’snexportsnandnim
ports,nwhichnhighlightsnthenfactnthatninternationalntradencontinuesntonbenunevenlyndistributednacrossn
countriesnandnaroundnthenworld.
6) Thendevelopmentnofnexpandednregionalntradenagreements,nsuchnasnthenAssociationnofnSou
theastnAsiannNations,nMercosur,nandnthenEU,ncannsubstantiallynalternthenlevelnandnproportionnofntr
adenflowsnwithinnandnacrossnregions.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
02nIdentifynwhonparticipatesninntrade.nTopicn:nOverviewnofnTrade
Worldntradencontinuesntonbendominatednbynexchangesnwithin—notnbetween—
geographicnregions.nThisnregionalizationnofntradenisnbeingnreinforcednbynthendevelopmentnofnexpan
dednregionalntradenassociationsnandnagreements,nsuchnasnthenAssociationnofnSoutheastnAsiannNationsn
(ASEAN,nwhichnincludesnBrunei,nCambodia,nIndonesia,nLaos,nMalaysia,nMyanmar,nPhilippines,nSi
ngapore,nThailand,nandnVietnam),nMercosurninnSouthnAmerican(comprisednofnArgentina,nBolivia,nB
razil,nParaguay,nUruguay,nandnVenezuela,nandnthen28-nationnEuropeannUnion).
7) Thenfirstnformulationnofninternationalntradentheory,nbynAdamnSmith,nwasnmotivatednbyn
politicalnconsiderations.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
03nDistinguishnamongnthentheoriesnthatnexplainnwhyncertainngoodsnarentradedninternationally.nTopicn:nTradenTheoriesnandn
TheirnImplications
Versionn1 3
mynursytest.store
, DOWNLOAD THE Test Bank for International Business 2nd Edition Geringer
n n n n n n n n n
Anprofoundlyninfluentialnearlynattemptntondevelopnanninternationalntradentheorynwasnactuallynpolitic
allynmotivated.nAdamnSmith,nanScottishnphilosophernandneconomist,nwasnincensednbynBritishngovern
mentninterventionnandncontrolnovernbothndomesticnandnforeignntrade.nInn1776,nhe
publishednAnnInquirynintonthenNaturenandnCausesnofnthenWealthnofnNations,ninnwhichnhenattackednthen
mercantilistnphilosophynthatnprevailednatnthatntime.
8) Thencentralnideanofnmercantilismnisnbasednonnthenspecializationnofngoodsnandnservicesnasnan
waynfornancompanyntondistinguishnitselfnfromnothers.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
03nDistinguishnamongnthentheoriesnthatnexplainnwhyncertainngoodsnarentradedninternationally.nTopicn:nTradenTheoriesnandnT
heirnImplications
Ancomplexnpoliticalnandneconomicntheory,nmercantilismnviewednpreciousnmetalsnsuchnasngoldnandnsi
lvernasnthenonlynsourcenofnwealth,nandntheirnaccumulationnasnessentialntonannation'snwelfare.
BecausenEnglandnhadnnongoldnornsilvernmines,nmercantilistsnlookedntonexplorationnandninternational
ntradentonsupplynthesenmetals.nThengovernmentnestablishednrestrictionsnsuchnasnimportndutiesntonreduc
enimports,nandnsubsidiesntonexportersntonincreasenexports.nInnadditionntonprotectingnjobsnwithinnthenm
ercantilistnnation,nthosenactsncreatednantradensurplusnmeantntongeneratenincreasednholdingsnofngoldnan
dnsilver.
9) Thentheorynofnabsolutenadvantagensuggestsnthatnundernfree,nunregulatedntrade,neachnnationns
houldnspecializeninnproducingnthosengoodsnitncannproducenmostnefficiently,nbasednonnnaturallynocc
urringnendowmentsnsuchnasnminerals.
⊚ true
⊚ false
Versionn1 4
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n n n n n n n n n
Module 02 International Trade and Investment
n n n n n
1) Internationalntradenincludesnexports,nimports,nandnforeignndirectninvestment.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigation
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Bloom'sn:nRemembernDifficult
yn:n1nEasy
Internationalntradenincludesnexportsnandnimports,nbutnnotnforeignndirectninvestment.
2) Nearlyn60npercentnofnglobalnoutputnisnnowndestinednforninternationalntrade.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Nearlyn60npercentnofnglobalnoutputnisnnowndestinednforninternationalntrade—
anothernindicationnofnthenextentntonwhichninternationalntradenhasnbecomenancriticalnfactorninnthenecon
omicnactivitynofnmany,nifnnotnmost,nofnthencountriesnofnthenworld.
3) ThenproportionnofnworldntradencomingnfromnNorthnAmerica,nLatinnAmerica,nAfrica,nandnt
henMiddlenEastnhasndecreasednsincen1983.
⊚ true
⊚ false
Versionn1 1
mynursytest.store
,DOWNLOAD THE Test Bank for International Business 2nd Edition Geringer
n n n n n n n n n
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Althoughnthenabsolutenvaluenofntheirnmerchandisenexportsnincreased,nthenproportionnofnworldntradencomi
ngnfromnNorthnAmerica,nLatinnAmerica,nAfrica,nandnthenMiddlenEastndecreasednsincen1983,nreflectingnt
hengreaternlevelnofnexportngrowthninnothernregions.
4) Currently,nthenUnitednStatesnisnthenlargestnexporterninnthenworld.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigation
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Bloom'sn:nRemembernDifficult
yn:n1nEasy
NotnonlynhasnChinanbecomenthenlargestnexporterninnthenworld,nbutnalson500nmillionnChinesenhavenbee
nnliftednoutnofnpovertynbynthencountry’sntrade-drivennpolicies.
5) Thanksninnpartntoncommunicationnadvancements,ninternationalntradenhasnstabilizednandn
becomenevenlyndistributednacrossnallncountriesnofnthenworld.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
01nDescribenthenmagnitudenofninternationalntradenandnhownitnhasngrown.nTopicn:nThenChangingnNature
nofnthenGlobalnEconomy
Versionn1 2
mynursytest.store
,DOWNLOAD THE Test Bank for International Business 2nd Edition Geringer
n n n n n n n n n
Then10nlargestnexportersnandnimportersncollectivelynaccountnfornovernhalfnthenworld’snexportsnandnim
ports,nwhichnhighlightsnthenfactnthatninternationalntradencontinuesntonbenunevenlyndistributednacrossn
countriesnandnaroundnthenworld.
6) Thendevelopmentnofnexpandednregionalntradenagreements,nsuchnasnthenAssociationnofnSou
theastnAsiannNations,nMercosur,nandnthenEU,ncannsubstantiallynalternthenlevelnandnproportionnofntr
adenflowsnwithinnandnacrossnregions.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
02nIdentifynwhonparticipatesninntrade.nTopicn:nOverviewnofnTrade
Worldntradencontinuesntonbendominatednbynexchangesnwithin—notnbetween—
geographicnregions.nThisnregionalizationnofntradenisnbeingnreinforcednbynthendevelopmentnofnexpan
dednregionalntradenassociationsnandnagreements,nsuchnasnthenAssociationnofnSoutheastnAsiannNationsn
(ASEAN,nwhichnincludesnBrunei,nCambodia,nIndonesia,nLaos,nMalaysia,nMyanmar,nPhilippines,nSi
ngapore,nThailand,nandnVietnam),nMercosurninnSouthnAmerican(comprisednofnArgentina,nBolivia,nB
razil,nParaguay,nUruguay,nandnVenezuela,nandnthen28-nationnEuropeannUnion).
7) Thenfirstnformulationnofninternationalntradentheory,nbynAdamnSmith,nwasnmotivatednbyn
politicalnconsiderations.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
03nDistinguishnamongnthentheoriesnthatnexplainnwhyncertainngoodsnarentradedninternationally.nTopicn:nTradenTheoriesnandn
TheirnImplications
Versionn1 3
mynursytest.store
, DOWNLOAD THE Test Bank for International Business 2nd Edition Geringer
n n n n n n n n n
Anprofoundlyninfluentialnearlynattemptntondevelopnanninternationalntradentheorynwasnactuallynpolitic
allynmotivated.nAdamnSmith,nanScottishnphilosophernandneconomist,nwasnincensednbynBritishngovern
mentninterventionnandncontrolnovernbothndomesticnandnforeignntrade.nInn1776,nhe
publishednAnnInquirynintonthenNaturenandnCausesnofnthenWealthnofnNations,ninnwhichnhenattackednthen
mercantilistnphilosophynthatnprevailednatnthatntime.
8) Thencentralnideanofnmercantilismnisnbasednonnthenspecializationnofngoodsnandnservicesnasnan
waynfornancompanyntondistinguishnitselfnfromnothers.
⊚ true
⊚ false
QuestionnDetails
AACSBn:nReflectivenThinkingnAccessibilit
yn:nKeyboardnNavigationnBloom'sn:nUnderst
and
Difficultyn:n2nMedium
LearningnObjectiven:n02-
03nDistinguishnamongnthentheoriesnthatnexplainnwhyncertainngoodsnarentradedninternationally.nTopicn:nTradenTheoriesnandnT
heirnImplications
Ancomplexnpoliticalnandneconomicntheory,nmercantilismnviewednpreciousnmetalsnsuchnasngoldnandnsi
lvernasnthenonlynsourcenofnwealth,nandntheirnaccumulationnasnessentialntonannation'snwelfare.
BecausenEnglandnhadnnongoldnornsilvernmines,nmercantilistsnlookedntonexplorationnandninternational
ntradentonsupplynthesenmetals.nThengovernmentnestablishednrestrictionsnsuchnasnimportndutiesntonreduc
enimports,nandnsubsidiesntonexportersntonincreasenexports.nInnadditionntonprotectingnjobsnwithinnthenm
ercantilistnnation,nthosenactsncreatednantradensurplusnmeantntongeneratenincreasednholdingsnofngoldnan
dnsilver.
9) Thentheorynofnabsolutenadvantagensuggestsnthatnundernfree,nunregulatedntrade,neachnnationns
houldnspecializeninnproducingnthosengoodsnitncannproducenmostnefficiently,nbasednonnnaturallynocc
urringnendowmentsnsuchnasnminerals.
⊚ true
⊚ false
Versionn1 4
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