INTB 3355 MIDTERM I EXAM RATED A+ BRAND NEW!!
Study online at https://quizlet.com/_i0nvst
1. T/F: As discussed in the chapter, institutions are organizations constructed to
create jobs for government employment initiatives.: False
2. T/F: New institutional theory suggests that institutions be understood as
collections of ruled and codes of conduct that limit behavior.: True
3. T/F: One of the significant differences between formal and informal institu-
tions is how they gain compliance.: True
4. T/F: Informal cognitive institutions are not important to international man-
agers because such managers localize their hiring, and so they can draw on
local talent.: False
5. T/F: International institutions provide nations the opportunity to build mul-
tilateral solutions, and thus make significant contributions to international
stability.: True
6. T/F: The United Nations operates with voluntary agreements, so is essentially
an informal institution.: True
7. T/F: The UN Environment Program laid the groundwork for the Climate
Change Convention, which led to the Kyoto Protocol.: True
8. T/F: Permanent members of the UN Security Council vote on Security Council
measures and only the Security-General of the UN, Ban Ki-moon, has veto
power.: False
9. T/F: The UN International Court of Justice hears cases that involve disputes
between national governments.: True
10. T/F: By and large, the UN record of facilitating business transactions has
been minor.: False
11. T/F: The Bretton Woods Conference established the European Union curren-
cy, the euro.: False
12. T/F: The World Bank funds infrastructure projects in developed countries.: -
False
13. T/F: Some think that renewed focus on exchange rates would be a good
path forward to the IMF, which is struggling with core issues related to its
purpose.: True
14. T/F: The World Bank is made up of one large institution, IBRD.: False
, INTB 3355 MIDTERM I EXAM RATED A+ BRAND NEW!!
Study online at https://quizlet.com/_i0nvst
15. T/F: The International Finance Corporation (IFC) acts as an investment
banker, arranging private risk ventures in developing countries.: True
16. T/F: The WTO supports trade with discrimination as a basic right of trading
nations.: False
17. T/F: The Doha Development Agenda is an extended development plan for
Doha, Qatar.: False
18. T/F: Although India is a member of the WTO and has benefited greatly from
increased trade as a result of WTO agreements, China is not yet a member.: False
19. T/F: The WTO has negotiated a TRIPS agreement whereby property rights do
not take precedence over public health.: True
20. T/F: Recently, regional trade agreements have grown a trend that may be
seen to strengthen the WTO, according to the text.: False
21. T/F: Economic cooperation often begins with a common market as in the
case of the EU.: False
22. T/F: In a customs union, common external tariffs are added to an existing
FTA, as found in the Southern African Customs Union and Mercosur.: True
23. T/F: Among trading blocs, the EU has the largest GDP per capita.: False
24. T/F: Trading blocs always bring cost savings to international firms.: False
25. T/F: ASEAN, whose initial goal was political, to foster peaceful relations
among members, includes China as its core member.: False
26. T/F: The EU is a supranational body that has become, essentially, a regional
government.: True
27. T/F: The EU is administered by the European Commission, a group composed
of 27 commissioners, elected at the EU-level.: False
28. T/F: The EU has been unsuccessful at harmonizing customs and tax formal-
ities within their borders.: False
29. T/F: Although the EU can influence the practices of businesses located in
non-EU member countries, Microsoft has been able to maintain business in the
EU much as it conducts business in the U.S.: False
30. T/F: All the EU members use the euro, and thus have given up part of their
national sovereignty to the EU.: False
Study online at https://quizlet.com/_i0nvst
1. T/F: As discussed in the chapter, institutions are organizations constructed to
create jobs for government employment initiatives.: False
2. T/F: New institutional theory suggests that institutions be understood as
collections of ruled and codes of conduct that limit behavior.: True
3. T/F: One of the significant differences between formal and informal institu-
tions is how they gain compliance.: True
4. T/F: Informal cognitive institutions are not important to international man-
agers because such managers localize their hiring, and so they can draw on
local talent.: False
5. T/F: International institutions provide nations the opportunity to build mul-
tilateral solutions, and thus make significant contributions to international
stability.: True
6. T/F: The United Nations operates with voluntary agreements, so is essentially
an informal institution.: True
7. T/F: The UN Environment Program laid the groundwork for the Climate
Change Convention, which led to the Kyoto Protocol.: True
8. T/F: Permanent members of the UN Security Council vote on Security Council
measures and only the Security-General of the UN, Ban Ki-moon, has veto
power.: False
9. T/F: The UN International Court of Justice hears cases that involve disputes
between national governments.: True
10. T/F: By and large, the UN record of facilitating business transactions has
been minor.: False
11. T/F: The Bretton Woods Conference established the European Union curren-
cy, the euro.: False
12. T/F: The World Bank funds infrastructure projects in developed countries.: -
False
13. T/F: Some think that renewed focus on exchange rates would be a good
path forward to the IMF, which is struggling with core issues related to its
purpose.: True
14. T/F: The World Bank is made up of one large institution, IBRD.: False
, INTB 3355 MIDTERM I EXAM RATED A+ BRAND NEW!!
Study online at https://quizlet.com/_i0nvst
15. T/F: The International Finance Corporation (IFC) acts as an investment
banker, arranging private risk ventures in developing countries.: True
16. T/F: The WTO supports trade with discrimination as a basic right of trading
nations.: False
17. T/F: The Doha Development Agenda is an extended development plan for
Doha, Qatar.: False
18. T/F: Although India is a member of the WTO and has benefited greatly from
increased trade as a result of WTO agreements, China is not yet a member.: False
19. T/F: The WTO has negotiated a TRIPS agreement whereby property rights do
not take precedence over public health.: True
20. T/F: Recently, regional trade agreements have grown a trend that may be
seen to strengthen the WTO, according to the text.: False
21. T/F: Economic cooperation often begins with a common market as in the
case of the EU.: False
22. T/F: In a customs union, common external tariffs are added to an existing
FTA, as found in the Southern African Customs Union and Mercosur.: True
23. T/F: Among trading blocs, the EU has the largest GDP per capita.: False
24. T/F: Trading blocs always bring cost savings to international firms.: False
25. T/F: ASEAN, whose initial goal was political, to foster peaceful relations
among members, includes China as its core member.: False
26. T/F: The EU is a supranational body that has become, essentially, a regional
government.: True
27. T/F: The EU is administered by the European Commission, a group composed
of 27 commissioners, elected at the EU-level.: False
28. T/F: The EU has been unsuccessful at harmonizing customs and tax formal-
ities within their borders.: False
29. T/F: Although the EU can influence the practices of businesses located in
non-EU member countries, Microsoft has been able to maintain business in the
EU much as it conducts business in the U.S.: False
30. T/F: All the EU members use the euro, and thus have given up part of their
national sovereignty to the EU.: False
