Essentials of Organizational Behavior Test Bank | Exam Questions & Answers

TestjBankjforjEssentialsjofjOrganizationaljBehavior,j15thjEdition”jbyjStephen
P.jRobbinsj&jTimothyjA.jJudge.
1.1 WhatjIsjInternationaljEconomicsjAbout?

1) Historiansjofjeconomicjthoughtjoftenjdescribej writtenjby andjpublishedjin
asjthejfirstjrealjexpositionjofjanjeconomicjmodel.
A) "OfjthejBalancejofjTrade,"jDavidjHume,j1776
B) "WealthjofjNations,"jDavidjHume,j1758
C) "WealthjofjNations,"jAdamjSmith,j1758
D) "WealthjofjNations,"jAdamjSmith,j1776
E) "OfjthejBalancejofjTrade,"jDavidjHume,j1758j
Answer:j E
PagejRef:j29jDifficul
ty:j Easy

2) Fromj1950jtoj2015
A) thejU.S.jeconomyjroughlyjtripledjinjsize.
B) U.S.jimportsjroughlyjtripledjinjsize.
C) thejsharejofjU.S.jtradejinjthejglobaljeconomyjroughlyjtripledjinjsize.
D) U.S.jimportsjroughlyjtripledjasjcomparedjtojU.S.jexports.
E) U.S.jexportsjroughlyjtripledjinjsize.j
Answer:j C
PagejRef:j29jDifficul
ty:j Easy

3) ThejUnitedjStatesjisjlessjdependentjonjtradejthanjmostjotherjcountriesjbecause
A) thejUnitedjStatesjisjajrelativelyjlargejcountryjwithjdiversejresources.
B) thejUnitedjStatesjisjaj"Superpower."
C) thejmilitaryjpowerjofjthejUnitedjStatesjmakesjitjlessjdependentjonjanything.
D) thejUnitedjStatesjinvestsjinjmanyjotherjcountries.
E) manyjcountriesjinvestjinjthejUnitedjStates.j
Answer:j A
PagejRef:j30jDifficul
ty:j Easy

4) Theoriesjofjinternationaljeconomicsjfromjthej18thjandj19thjcenturiesjare
A) notjrelevantjtojcurrentjpolicyjanalysis.
B) onlyjofjmoderatejrelevancejinjtoday'sjmodernjinternationaljeconomy.
C) highlyjrelevantjinjtoday'sjmodernjinternationaljeconomy.
D) thejonlyjtheoriesjthatjarejactuallyjrelevantjtojmodernjinternationaljeconomy.
E) notjwelljunderstoodjbyjmodernjmathematicallyjorientedjtheorists.j
Answer:j C
PagejRef:j30jDifficul
ty:j Easy


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Copyrightj©j2018jPearsonjEducationjLtd.

,5) Anjimportantjinsightjofjinternationaljtradejtheoryjisjthatjwhenjtwojcountriesjengagejinjvo
luntaryjtrade
A) onejcountryjalwaysjbenefitsjatjthejexpensejofjthejother.
B) itjisjalmostjalwaysjbeneficialjtojbothjcountries.
C) itjonlyjbenefitsjthejlowjwagejcountry.
D) itjonlyjbenefitsjthejhighjwagejcountry.
E) itjisjalmostjneverjbeneficialjtojbothjcountries.j
Answer:j B
PagejRef:j32jDifficul
ty:j Easy

6) Ifjtherejarejlargejdisparitiesjinjwagejlevelsjbetweenjcountries,jthen
A) tradejisjlikelyjtojbejharmfuljtojbothjcountries.
B) tradejisjlikelyjtojbejharmfuljtojthejcountryjwithjthejhighjwages.
C) tradejisjlikelyjtojbejharmfuljtojthejcountryjwithjthejlowjwages.
D) tradejisjlikelyjtojbejharmfuljtojneitherjcountry.
E) tradejisjlikelyjtojhavejnojeffectjonjeitherjcountry.jA
nswer:j D
PagejRef:j32jDifficul
ty:j Easy

7) Thejbenefitsjofjinternationaljtradejarejderivedjfromjtradejin
A) tangiblejgoodsjonly.
B) intangiblejgoodsjonly.
C) goodsjbutjnotjservices.
D) servicesjbutjnotjgoods.
E) anythingjofjvalue.
Answer:j E
PagejRef:j32jDifficul
ty:j Easy

8) WhichjofjthejfollowingjdoesjNOTjbelong?
A) NAFTA
B) UruguayjRound
C) WorldjTradejOrganization
D) non-tariffjbarriers
E) majorjfreejtradejagreementsjofjthej1990sj
Answer:j D
PagejRef:j34jDifficul
ty:j Easy




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Copyrightj©j2018jPearsonjEducationjLtd.

,9) Internationaljeconomicsj
usejthejsamejfundamentaljmethodsjofjanalysisjasjotherjbranchesjofjeconomics,jbecausej
.
A) doesjnot,jthejleveljofjcomplexityjofjinternationaljissuesjisjunique
B) doesjnot,jthejinteractionsjassociatedjwithjinternationaljeconomicjrelationsjisjhighlyjm
athematical
C) doesjnot,jinternationaljeconomicsjtakesjajdifferentjperspectivejonjeconomicjissues
D) doesjnot,jinternationaljeconomicjpolicyjrequiresjcooperationjwithjotherjcountries
E) does,jthejmotivesjandjbehaviorjofjindividualsjarejthejsamejinjinternationaljtradejasjtheyjarejinjdo
mesticjtransactions
Answer:j Ej Pag
ejRef:j31jDifficu
lty:j Easy

10) BecausejthejConstitutionjforbidsjrestraintsjonjinterstatejtrade
A) thejU.S.jmayjnotjimposejtariffsjonjimportsjfromjNAFTAjcountries.
B) thejU.S.jmayjnotjaffectjthejinternationaljvaluejofjthej$jU.S.
C) thejU.S.jmayjnotjputjrestraintsjonjforeignjinvestmentsjinjCaliforniajifjitjinvolvesjajfinancialjint
ermediaryjinjNewjYorkjState.
D) thejU.S.jmayjnotjimposejexportjduties.
E) thejU.S.jmayjnotjdisruptjcommercejbetweenjFloridajandjHawaii.jA
nswer:j E
PagejRef:j32jDifficul
ty:j Easy

11) WhichjofjthejfollowingjisjNOTjajmajorjconcernjofjinternationaljeconomicjtheory?
A) protectionism
B) thejbalancejofjpayments
C) exchangejratejdetermination
D) bilateraljtradejrelationsjwithjChina
E) thejinternationaljcapitaljmarketj
Answer:j D
PagejRef:j32jDifficul
ty:j Easy

12) "Tradejisjgenerallyjharmfuljifjtherejarejlargejdisparitiesjbetweenjcountriesjinjwages."
A) Thisjisjgenerallyjtrue.
B) Thisjisjgenerallyjfalse.
C) Tradejtheoryjhasjnothingjtojsayjaboutjthisjissue.
D) Thisjisjtruejifjthejtradejpartnerjignoresjchildjlaborjlaws.
E) Thisjisjtruejifjthejtradejpartnerjusesjprisonjlabor.jA
nswer:j B
PagejRef:j32jDifficul
ty:j Easy




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Copyrightj©j2018jPearsonjEducationjLtd.

, 13) Whojsellsjwhatjtojwhom
A) hasjbeenjajmajorjpreoccupationjofjinternationaljeconomics.
B) isjnotjajvalidjconcernjofjinternationaljeconomics.
C) isjnotjconsideredjimportantjforjgovernmentjforeignjtradejpolicyjsincejsuchjdecisionsjarejmadejinj
thejprivatejcompetitivejmarket.
D) isjdeterminedjbyjpoliticaljratherjthanjeconomicjfactors.
E) isjlessjimportantjthanjinternationaljeconomicjtheory.j
Answer:j A
PagejRef:j33jDifficul
ty:j Easy

14) Thejinsightjthatjpatternsjofjtradejarejprimarilyjdeterminedjbyjinternationaljdifferencesjinjla
borjproductivityjwasjfirstjproposedjby
A) AdamjSmith.
B) DavidjHume.
C) DavidjRicardo.
D) ElijHeckscher.
E) LernerjandjSamuelson.j
Answer:j A
PagejRef:j33jDifficul
ty:j Easy

15) AfterjWorldjWarjII,jthejUnitedjStatesjhasjpursuedjajbroadjpolicyjof
A) strengtheningj"FortressjAmerica"jprotectionism.
B) removingjbarriersjtojinternationaljtrade.
C) isolatingjIranjandjotherjmembersjofjthej"axisjofjevil."
D) protectingjthejU.S.jfromjthejeconomicjimpactjofjoiljproducers.
E) restrictingjtradejofjmanufacturedjgoods.j
Answer:j B
PagejRef:j34jDifficul
ty:j Easy

16) ThejbalancejofjpaymentsjhasjbecomejajcentraljissuejforjthejUnitedjStatesjbecause
A) whenjthejbalancejofjpaymentsjisjnotjbalanced,jsocietyjisjunbalanced.
B) thejU.S.jeconomyjcannotjgrowjwhenjthejbalancejofjpaymentsjisjinjdeficit.
C) thejU.S.jhasjrunjhugejtradejdeficitsjinjeveryjyearjsincej1982.
D) thejU.S.jneverjexperiencedjajsurplusjinjitsjbalancejofjpayments.
E) thejU.S.joncejranjajlargejtradejsurplusjofjaboutj$40jbillion.jA
nswer:j C
PagejRef:j35jDifficul
ty:j Easy




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Copyrightj©j2018jPearsonjEducationjLtd.