2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ The resource-based view of global business differs from the
institution-based view of global business in that the resource-based view
_____.a. advocates adopting a single method for achieving globalizationb.
supports the ideology of total globalizationc. postulates the ideology of
localizationd. focuses on the internal strengths on the firm.
Answer: d.)
◍ The resource-based view of global business differs from the
institution-based view of global business in that the resource-based view
_____.a.advocates adopting a single method for achieving
globalizationb.supports the ideology of total globalizationc.postulates the
ideology of localizationd.focuses on the internal strengths on the firm.
Answer: d.
◍ Which of the following is true of globalization according to the "pendulum
view" perspective?a.Globalization is a recent phenomenon of human
trade.b.Globalization is being interrupted by artificial barriers to the flows of
goods, services, capital, and knowledge.c.Globalization is a Western
ideology focused on exploiting and dominating the world through
MNEs.d.Globalization is a not a one-directional phenomenon..
Answer: d
◍ The _____ of globalization suggests that globalization is neither recent nor
one-directional.a.pendulum viewb.long-run historical viewc.colonial
viewd.new-force view.
Answer: a
,◍ Which of the following is true of globalization according to the "pendulum
view" perspective?a. Globalization is a recent phenomenon of human
trade.b. Globalization is being interrupted by artificial barriers to the flows
of goods, services, capital, and knowledge.c. Globalization is a Western
ideology focused on exploiting and dominating the world through MNEs.d.
Globalization is a not a one-directional phenomenon.
Answer: d.)
◍ The _____ of globalization suggests that globalization is neither recent nor
one-directional.a. pendulum viewb. long-run historical viewc. colonial
viewd. new-force view.
Answer: a.)
◍ Which of the following is true of semiglobalization?a.It is a type of
globalization that lies between total isolation and total globalization.b.It is a
form of globalization that considers each nation in isolation when
conducting business.c.It is a type of globalization that adopts a strategy of
treating the entire world as one market.d.It is a form of globalization that
treats each country as a unique market..
Answer: a
◍ Which of the following is true of semiglobalization?a. It is a type of
globalization that lies between total isolation and total globalization.b. It is a
form of globalization that considers each nation in isolation when
conducting business.c. It is a type of globalization that adopts a strategy of
treating the entire world as one market.d. It is a form of globalization that
treats each country as a unique market..
Answer: a.)
◍ Globalization can be viewed as:a. A new force sweeping through the world
in recent times.b. A long-run historical evolution since the dawn of human
history.c. A pendulum that swings from one extreme to another from time to
time.d. All of these answers..
Answer: d
◍ Name the three views of globalization.a. A recent force, a long-running
, evolution, and a pendulumb. Economic, political, and geographicc. Profits,
losses, and total salesd. Past, present, and future.
Answer: a
◍ Globalization can be viewed as:a. A new force sweeping through the world
in recent times.b. A long-run historical evolution since the dawn of human
history.c. A pendulum that swings from one extreme to another from time to
time.d. All of these answers..
Answer: d.)
◍ The _____ theory viewed international trade as a zero-sum
game.a.comparative advantageb.strategic tradec.national competitive
advantage of industriesd.mercantilism.
Answer: d
◍ Name the three views of globalization.a. A recent force, a long-running
evolution, and a pendulumb. Economic, political, and geographicc. Profits,
losses, and total salesd. Past, present, and future.
Answer: a.)
◍ The _____ theory viewed international trade as a zero-sum game.a.
comparative advantageb. strategic tradec. national competitive advantage of
industriesd. mercantilism.
Answer: d.)
◍ The _____ principle advocated that governments should actively protect
domestic industries from imports and vigorously promote
exports.a.comparative advantageb.absolute advantagec.factor
endowmentd.protectionism.
Answer: d
◍ Which of the following is a modern trade theory?a.Comparative
advantageb.National competitive advantagec.Absolute
advantaged.Mercantilism.
Answer: b
◍ The _____ principle advocated that governments should actively protect
, domestic industries from imports and vigorously promote exports.a.
comparative advantageb. absolute advantagec. factor endowmentd.
protectionism.
Answer: d.)
◍ The _____ theory is based on the assumption that the wealth of the world is
fixed.a.product life cycleb.mercantilismc.strategic traded.national
competitive advantage of industries.
Answer: b
◍ Import quotas are a type of _____.a.tariff barrierb.nontariff
barrierc.antidumping dutyd.voluntary export restraint.
Answer: b
◍ According to the theory of absolute advantage, under free trade,a. Each
nation gains by specializing in economic activities in which a nation has
absolute advantage.b. No country has an absolute advantage in economic
activities.c. Each nation loses by specializing in economic activities in
which a nation has absolute advantage.d. Every country has an absolute
advantage in a certain economic activity..
Answer: a
◍ Which of the following is a modern trade theory?a. Comparative
advantageb. National competitive advantagec. Absolute advantaged.
Mercantilism.
Answer: b.)
◍ The _____ theory is based on the assumption that the wealth of the world is
fixed.a. product life cycleb. mercantilismc. strategic traded. national
competitive advantage of industries.
Answer: b.)
◍ Import quotas are a type of _____.a. tariff barrierb. nontariff barrierc.
antidumping dutyd. voluntary export restraint.
Answer: b.)
◍ According to the theory of absolute advantage, under free trade,a. Each