Test Bank for Essentials of Organizational Behavior, 15th Edition – Robbins & Judge | Complete Exam Prep & Study Guide

Test Bank for Essentials of Organizational Behavior, 15th Edition” by Stephen
M M M M M M M M M M


P. Robbins & Timothy A. Judge.
M M M M M




1.1 WhatMIsMInternationalMEconomicsMAbout?

1) HistoriansMofMeconomicMthoughtMoftenMdescribeM writtenMby andMpublishedMin
asMtheMfirstMrealMexpositionMofManMeconomicMmodel.
A) "OfMtheMBalanceMofMTrade,"MDavidMHume,M1776
B) "WealthMofMNations,"MDavidMHume,M1758
C) "WealthMofMNations,"MAdamMSmith,M1758
D) "WealthMofMNations,"MAdamMSmith,M1776
E) "OfMtheMBalanceMofMTrade,"MDavidMHume,M17
58MAnswer:M E
PageMRef:M29MDiffic
ulty:M Easy

2) FromM1950MtoM2015
A) theMU.S.MeconomyMroughlyMtripledMinMsize.
B) U.S.MimportsMroughlyMtripledMinMsize.
C) theMshareMofMU.S.MtradeMinMtheMglobalMeconomyMroughlyMtripledMinMsize.
D) U.S.MimportsMroughlyMtripledMasMcomparedMtoMU.S.Mexports.
E) U.S.MexportsMroughlyMtripledMinMsiz
e.MAnswer:M C
PageMRef:M29MDiffic
ulty:M Easy

3) TheMUnitedMStatesMisMlessMdependentMonMtradeMthanMmostMotherMcountriesMbecause
A) theMUnitedMStatesMisMaMrelativelyMlargeMcountryMwithMdiverseMresources.
B) theMUnitedMStatesMisMaM"Superpower."
C) theMmilitaryMpowerMofMtheMUnitedMStatesMmakesMitMlessMdependentMonManything.
D) theMUnitedMStatesMinvestsMinMmanyMotherMcountries.
E) manyMcountriesMinvestMinMtheMUnitedMState
s.MAnswer:M A
PageMRef:M30MDiffic
ulty:M Easy

4) TheoriesMofMinternationalMeconomicsMfromMtheM18thMandM19thMcenturiesMare
A) notMrelevantMtoMcurrentMpolicyManalysis.
B) onlyMofMmoderateMrelevanceMinMtoday'sMmodernMinternationalMeconomy.
C) highlyMrelevantMinMtoday'sMmodernMinternationalMeconomy.
D) theMonlyMtheoriesMthatMareMactuallyMrelevantMtoMmodernMinternationalMeconomy.
E) notMwellMunderstoodMbyMmodernMmathematicallyMorientedMtheoris
ts.MAnswer:M C
PageMRef:M30MDiffic
ulty:M Easy


1
CopyrightM©M2018MPearsonMEducationMLt
d.

,5) AnMimportantMinsightMofMinternationalMtradeMtheoryMisMthatMwhenMtwoMcountriesMengag
eMinMvoluntaryMtrade
A) oneMcountryMalwaysMbenefitsMatMtheMexpenseMofMtheMother.
B) itMisMalmostMalwaysMbeneficialMtoMbothMcountries.
C) itMonlyMbenefitsMtheMlowMwageMcountry.
D) itMonlyMbenefitsMtheMhighMwageMcountry.
E) itMisMalmostMneverMbeneficialMtoMbothMcountri
es.MAnswer:M B
PageMRef:M32MDiffic
ulty:M Easy

6) IfMthereMareMlargeMdisparitiesMinMwageMlevelsMbetweenMcountries,Mthen
A) tradeMisMlikelyMtoMbeMharmfulMtoMbothMcountries.
B) tradeMisMlikelyMtoMbeMharmfulMtoMtheMcountryMwithMtheMhighMwages.
C) tradeMisMlikelyMtoMbeMharmfulMtoMtheMcountryMwithMtheMlowMwages.
D) tradeMisMlikelyMtoMbeMharmfulMtoMneitherMcountry.
E) tradeMisMlikelyMtoMhaveMnoMeffectMonMeitherMcount
ry.MAnswer:M D
PageMRef:M32MDiffic
ulty:M Easy

7) TheMbenefitsMofMinternationalMtradeMareMderivedMfromMtradeMin
A) tangibleMgoodsMonly.
B) intangibleMgoodsMonly.
C) goodsMbutMnotMservices.
D) servicesMbutMnotMgoods.
E) anythingMofMvalue
.
Answer:M E
PageMRef:M32MDiffic
ulty:M Easy

8) WhichMofMtheMfollowingMdoesMNOTMbelong?
A) NAFTA
B) UruguayMRound
C) WorldMTradeMOrganization
D) non-tariffMbarriers
E) majorMfreeMtradeMagreementsMofMtheM199
0sMAnswer:M D
PageMRef:M34MDiffic
ulty:M Easy




2
CopyrightM©M2018MPearsonMEducationMLt
d.

,9) InternationalMeconomicsM
useMtheMsameMfundamentalMmethodsMofManalysisMasMotherMbranchesMofMeconomics,Mbecaus
eM .
A) doesMnot,MtheMlevelMofMcomplexityMofMinternationalMissuesMisMunique
B) doesMnot,MtheMinteractionsMassociatedMwithMinternationalMeconomicMrelationsMisMhig
hlyMmathematical
C) doesMnot,MinternationalMeconomicsMtakesMaMdifferentMperspectiveMonMeconomicMissues
D) doesMnot,MinternationalMeconomicMpolicyMrequiresMcooperationMwithMotherMcountries
E) does,MtheMmotivesMandMbehaviorMofMindividualsMareMtheMsameMinMinternationalMtradeMasMtheyMa
reMinMdomesticMtransactions
Answer:M EM Pa
geMRef:M31MDiff
iculty:M Easy

10) BecauseMtheMConstitutionMforbidsMrestraintsMonMinterstateMtrade
A) theMU.S.MmayMnotMimposeMtariffsMonMimportsMfromMNAFTAMcountries.
B) theMU.S.MmayMnotMaffectMtheMinternationalMvalueMofMtheM$MU.S.
C) theMU.S.MmayMnotMputMrestraintsMonMforeignMinvestmentsMinMCaliforniaMifMitMinvolvesMaMfina
ncialMintermediaryMinMNewMYorkMState.
D) theMU.S.MmayMnotMimposeMexportMduties.
E) theMU.S.MmayMnotMdisruptMcommerceMbetweenMFloridaMandMHaw
aii.MAnswer:M E
PageMRef:M32MDiffic
ulty:M Easy

11) WhichMofMtheMfollowingMisMNOTMaMmajorMconcernMofMinternationalMeconomicMtheory?
A) protectionism
B) theMbalanceMofMpayments
C) exchangeMrateMdetermination
D) bilateralMtradeMrelationsMwithMChina
E) theMinternationalMcapitalMmarke
tMAnswer:M D
PageMRef:M32MDiffic
ulty:M Easy

12) "TradeMisMgenerallyMharmfulMifMthereMareMlargeMdisparitiesMbetweenMcountriesMinMwages."
A) ThisMisMgenerallyMtrue.
B) ThisMisMgenerallyMfalse.
C) TradeMtheoryMhasMnothingMtoMsayMaboutMthisMissue.
D) ThisMisMtrueMifMtheMtradeMpartnerMignoresMchildMlaborMlaws.
E) ThisMisMtrueMifMtheMtradeMpartnerMusesMprisonMlab
or.MAnswer:M B
PageMRef:M32MDiffic
ulty:M Easy




3
CopyrightM©M2018MPearsonMEducationMLt
d.

, 13) WhoMsellsMwhatMtoMwhom
A) hasMbeenMaMmajorMpreoccupationMofMinternationalMeconomics.
B) isMnotMaMvalidMconcernMofMinternationalMeconomics.
C) isMnotMconsideredMimportantMforMgovernmentMforeignMtradeMpolicyMsinceMsuchMdecisionsMareMm
adeMinMtheMprivateMcompetitiveMmarket.
D) isMdeterminedMbyMpoliticalMratherMthanMeconomicMfactors.
E) isMlessMimportantMthanMinternationalMeconomicMtheor
y.MAnswer:M A
PageMRef:M33MDiffic
ulty:M Easy

14) TheMinsightMthatMpatternsMofMtradeMareMprimarilyMdeterminedMbyMinternationalMdifference
sMinMlaborMproductivityMwasMfirstMproposedMby
A) AdamMSmith.
B) DavidMHume.
C) DavidMRicardo.
D) EliMHeckscher.
E) LernerMandMSamuelson
.MAnswer:M A
PageMRef:M33MDiffic
ulty:M Easy

15) AfterMWorldMWarMII,MtheMUnitedMStatesMhasMpursuedMaMbroadMpolicyMof
A) strengtheningM"FortressMAmerica"Mprotectionism.
B) removingMbarriersMtoMinternationalMtrade.
C) isolatingMIranMandMotherMmembersMofMtheM"axisMofMevil."
D) protectingMtheMU.S.MfromMtheMeconomicMimpactMofMoilMproducers.
E) restrictingMtradeMofMmanufacturedMgood
s.MAnswer:M B
PageMRef:M34MDiffic
ulty:M Easy

16) TheMbalanceMofMpaymentsMhasMbecomeMaMcentralMissueMforMtheMUnitedMStatesMbecause
A) whenMtheMbalanceMofMpaymentsMisMnotMbalanced,MsocietyMisMunbalanced.
B) theMU.S.MeconomyMcannotMgrowMwhenMtheMbalanceMofMpaymentsMisMinMdeficit.
C) theMU.S.MhasMrunMhugeMtradeMdeficitsMinMeveryMyearMsinceM1982.
D) theMU.S.MneverMexperiencedMaMsurplusMinMitsMbalanceMofMpayments.
E) theMU.S.MonceMranMaMlargeMtradeMsurplusMofMaboutM$40Mbilli
on.MAnswer:M C
PageMRef:M35MDiffic
ulty:M Easy




4
CopyrightM©M2018MPearsonMEducationMLt
d.