Busa 3000 Final Exam Questions with Complete Solutions 2025

Busa 3000 Final Exam Questions with Complete Solutions 2025 Which of the following would NOT be considered an example of foreign direct investment (FDI)? a) purchase of foreign land for business operations b) cross-border purchase of stocks c) A cross-border purchase of a textile plant d) purchase of capital assets of a foreign company - Correct Answer B) cross-border purchase of stocks Which of the following is characteristic of globalization of markets? a) diminishing gap between the rich and the poor b) lack of skilled labor c) declining trade barriers d) conservatism - Correct Answer c) declining trade barriers International business is defined as the performance of _________________ activities by firms across national borders. - Correct Answer trade and investment --------- is the total value of products and services produced in a country over the course of a year. - Correct Answer GDP Companies strive to drive down prices ________, among other strategies. - Correct Answer by standardizing what they sell Regional economic integration blocs ________. - Correct Answer reduce trade and investment barriers The ________ phase of globalization began around 1900 and was associated with the rise of electricity and steel production. - Correct Answer second