International Business Chapter 4 Quiz with Complete Answers

International Business Chapter 4 Quiz with Complete Answers The World Bank classifies countries' economic development according to ________. GNI Countries that are highly industrialized and highly efficient, and whose people enjoy a high quality of life are called ________. Developed Countries ________ are the countries that have recently increased the portion of their national production and exports derived from industrial operations. Newly Industrialized Countries According to your textbook, which one of the following sets of countries are classified as newly industrialized countries? Brazil, India, China and South Korea Which one of the following is counted as part of the gross domestic product (GDP)? The value of all goods and services produced within the borders of the nation over a one-year period Which of the following measures the quality of life in different countries? HDI Using gross product figures to compare production across countries does not account for the different cost of living in each country. Which one of the following indicators helps in adjusting the GDP to reflect the cost of living in each country? Purchasing Power Parity (PPP) The economic transition process involves which one of the following key reform measures to promote economic development. Stabilizing the economy, reducing budget deficits, and expanding credit availability The governments of many countries in transition cannot afford all the investment required to develop and upgrade their infrastructure system, including highways, bridges, and rail networks. Where can these countries find financial resources? Through outside sources such as the World Bank, IMF, and the Asian Development Bank Which one of the following factors is included in the assessment of political risk levels? Military and religious involvement in politics According to your textbook, ExxonMobil suspended production of liquid natural gas at its facility in Indonesia's Aceh province when separatist rebels targeted the complex with violence. What is the main origin of this conflict that forced Exxon to make this decision? People's resentment toward their own government ________ is the forced transfer of assets from a company to the government without compensation. Confiscation Which one of the following means government takeover of an entire industry? Nationalization Which political risk is indicated when the laws of the foreign country stipulate a specified amount of goods or services be supplied by produce