C211 Second OA quizzes Exam with 100% Correct
Answers 2024/2025
The term "emerging economies" has replaced the term _____. - -Developing
countries
The gross domestic product plus the income from non-resident sources abroad gives the
____. - -gross national product
More than 25% of global GDP comes from _____. - -BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - -North America,
Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. - -
less than $2,000
Which of the following would be an example of a top down innovation? - -Lowering
prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - -It only has 19 member
countries.
Which of the following does the institution-based view of global business lay emphasis on?
- -Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of
global business in that the resource-based view _____. - -focuses on the internal
strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. - -foreign
firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? -
-It is a western ideology focused on exploiting and dominating the world through
MNEs
, C211 Second OA quizzes Exam with 100% Correct
Answers 2024/2025
The concept of _____ suggests that barriers to market integration at borders are high, but
not high enough to completely insulate countries from each other. - -
Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to
as _____. - -Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. -
-Shrinking
A conversion that determines the equivalent amount of goods and services that different
currencies can buy is known as _____. - -purchasing power parity
Which of the following countries would be characterized as an emerging economy? -
-Brazil
Which of the following countries is represented in the Triad of the global economic
pyramid? - -Japan
People who earn _____ a year comprise the base of the global economic pyramid. - -
less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then
diffused around the world. - -reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments. - -institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome
its external environment. - -resource-based
Which of the following is true of globalization according to the "pendulum view"
perspective? - -Globalization is a not a one-directional phenomenon
, C211 Second OA quizzes Exam with 100% Correct
Answers 2024/2025
The concept of _____ suggests that barriers to market integration at borders are high, but
not high enough to completely insulate countries from each other. - -
semiglobalization
_____ is the strategy of treating the entire world as one market. - -Standardization
Protectionism is similar to mercantilism as they both advocated _____. - -
government involvement in international trade
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. - -Protectionism
Which of the following is a modern trade theory? - -National competitive advantage
Which of the following trade theories divides the nations of the world into three categories?
- -Product life cycle
Which of the following was the first international trade theory to account for changes in the
patterns of trade over time? - -Product life cycle theory
In the third stage of the product life cycle theory, the _____. - -product is standardized
Which of the following describes resource mobility as assumed by the classical theories of
international trade? - -It is the assumption that a resource used in producing a
product for one industry can be shifted and put to use in another industry
The theory of comparative advantage _____. - -explains patterns of trade based on
factor endowments
Deadweight costs are net losses that occur when _____ are imposed. - -import tariffs
_____ are government payments to domestic firms. - -Subsidies
Which of the following is true of voluntary export restraints? - -It is an export quota
levied by a country on the quantity of its exports.
Answers 2024/2025
The term "emerging economies" has replaced the term _____. - -Developing
countries
The gross domestic product plus the income from non-resident sources abroad gives the
____. - -gross national product
More than 25% of global GDP comes from _____. - -BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - -North America,
Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. - -
less than $2,000
Which of the following would be an example of a top down innovation? - -Lowering
prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - -It only has 19 member
countries.
Which of the following does the institution-based view of global business lay emphasis on?
- -Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of
global business in that the resource-based view _____. - -focuses on the internal
strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. - -foreign
firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? -
-It is a western ideology focused on exploiting and dominating the world through
MNEs
, C211 Second OA quizzes Exam with 100% Correct
Answers 2024/2025
The concept of _____ suggests that barriers to market integration at borders are high, but
not high enough to completely insulate countries from each other. - -
Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to
as _____. - -Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. -
-Shrinking
A conversion that determines the equivalent amount of goods and services that different
currencies can buy is known as _____. - -purchasing power parity
Which of the following countries would be characterized as an emerging economy? -
-Brazil
Which of the following countries is represented in the Triad of the global economic
pyramid? - -Japan
People who earn _____ a year comprise the base of the global economic pyramid. - -
less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then
diffused around the world. - -reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments. - -institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome
its external environment. - -resource-based
Which of the following is true of globalization according to the "pendulum view"
perspective? - -Globalization is a not a one-directional phenomenon
, C211 Second OA quizzes Exam with 100% Correct
Answers 2024/2025
The concept of _____ suggests that barriers to market integration at borders are high, but
not high enough to completely insulate countries from each other. - -
semiglobalization
_____ is the strategy of treating the entire world as one market. - -Standardization
Protectionism is similar to mercantilism as they both advocated _____. - -
government involvement in international trade
The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. - -Protectionism
Which of the following is a modern trade theory? - -National competitive advantage
Which of the following trade theories divides the nations of the world into three categories?
- -Product life cycle
Which of the following was the first international trade theory to account for changes in the
patterns of trade over time? - -Product life cycle theory
In the third stage of the product life cycle theory, the _____. - -product is standardized
Which of the following describes resource mobility as assumed by the classical theories of
international trade? - -It is the assumption that a resource used in producing a
product for one industry can be shifted and put to use in another industry
The theory of comparative advantage _____. - -explains patterns of trade based on
factor endowments
Deadweight costs are net losses that occur when _____ are imposed. - -import tariffs
_____ are government payments to domestic firms. - -Subsidies
Which of the following is true of voluntary export restraints? - -It is an export quota
levied by a country on the quantity of its exports.
