Test Bank For International Business A Managerial Perspective 9th Edition All Chapters

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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



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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




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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




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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




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