Doha round negotiations Study guides, Study notes & Summaries

1. According to the opening case, the most important reason to assemble iPhones in China was due to: A.lower labour costs in China B. foreign exchange rates C. consumer preferences for foreign items D. the ability to scale production up and down E. tariffs and trade barriers 2. The trend toward a more integrated and interdependent global economic system that has been in place for manyyears is commonly referred to as: A. market standardization B. cross-border integration C. globalizati...

Chapter 3b—Exploring Global Business TRUE/FALSE 204. International business includes all business activities that involve exchanges across state boundaries. ANS: F PTS:1 REF: p. 71 OBJ: LO: 3-1 TOP: The Basis for International Business DIF: Difficulty: Easy NAT: BUSPROG: Diversity KEY: Bloom's: Knowledge a specific product more efficiently than any other nation. 205. Absolute advantage is the ability to produce ANS: T PTS:1 DIF: Difficulty: Moderate REF: p. 71 OBJ: LO: 3-1 TOP: T...

Test Bank for Introduction to Global Business: Understanding the International Environment and Global Business Functions 1st Edition, Gaspar. Chapter 1-15 Chapter 1: The Rise of Globalization TRUE/FALSE 1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment. ANS: F PTS: 1 DIF: Difficulty: Moderate REF: p. 4 OBJ: LO: 01-01 NAT: BUSPROG: Analytic STA: DISC: Environmental Influence KEY: Bloom's: Comprehension 2. Even thou...

International Economics Chapters 1-6 deep integration - economic integration beyond removal of barriers at each country's border foreign direct investment (FDI) - the purchase of physical assets such as real estate or businesses by a foreign company or individual. It can be outward or inward. gross domestic product (GDP) - the market value of all final goods and services produced in a year inside a nation index of openness - a measure of the importance of trade to a nati...

What are some examples of economic globalisation since the late 20th century? - ANSWER-- Trade in goods and services - Foreign direct investment i.e. firms outsourcing production overseas - multinational and transnational companies - Foreign portfolio investment i.e. trading of shares & bonds across national boundaries, development of global financial 'centres' e.g. City of London - Hot money flows - moving money balances overseas e.g. for tax avoidance, or to pursue higher interest rates ...

Chapter 3a—Business in a Global Economy ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 2. What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage. ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 3. What is a national balance ...

Chapter 3—Exploring Global Business ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Analytic TOP: The Basis for International Business 2. What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis fo...

BMGT Bus5571Test Bank BS2 Questions and Answers latest updated 1 Student: 1. According to the opening case, the most important reason to assemble iPhones in China was due to: A. lower labour costs in China B. foreign exchange rates C. consumer preferences for foreign items D. the ability to scale production up and down E. tariffs and trade barriers 2. The trend toward a more integrated and interdependent global economic system that has been in place for many years is commonly re...

Introduction to Global Business Gaspar 2e TestBank Introduction to Global Business Gaspar 2e TestBank Testbank Introduction to Global Business Gaspar 2e TB1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment. a. True b. False ANSWER: False 2. Key aspects of globalization include the elimination of barriers to trade and information technology. a. True b. False ANSWER: True 3. The world economy is quickly shifting away fr...

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Exporting is the purchase of products from another nation. Answer: True False 2) Falling political barriers and new technologies have made it increasingly difficult to trade with other nations. Answer: True False 3) When a nation is importing more than it is exporting, it has a positive balance of trade. Answer: True False 4) A balance of trade refers to the buying, selling, and trading of goods and ser...