BUSMHR 2000 Exam 1 Questions with Correct Answers Graded A+
Grossman and Krueger's study revealed the relationship between pollution levels and income. Which
pollutant was the exception to their study?
nitrous oxide
sulfur dioxide
lead
carbon dioxide
hydrogen - Answers carbon dioxide
When considering globalization, what is considered the single most important innovation since World
War II?
higher education
transcontinental air transport
the telephone
the microprocessor
cross-country railway systems - Answers the microprocessor
Which of these companies exemplifies the globalization of markets?
The clothes of Sea Shell Fashions, a U.S.-based company, are hand-sewn by workers in India.
The accounts of a U.K.-based finance company are maintained and managed by an accounting firm in
the Czech Republic.
Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
Iconic Industries Inc., a U.S. energy company, has generated capital from investors all over the world.
Wine producer Violet Wines procures high-quality grapes from neighboring countries. - Answers Fluffy
Pillows, a U.S.-based pillow company, sells the same pillows worldwide
Technology is indicated as having a major impact on the declining share of national income enjoyed by
labor. If this is the case, what is a logical solution to this problem?
,increasing society's investment in education
restricting exports of jobs
restricting access to technology
decreasing the wage rates of skilled workers
increasing the supply of unskilled workers - Answers increasing society's investment in education
Which institution was established as a result of the Uruguay Round of GATT?
United Nations
World Bank
International Monetary Fund
World Trade Organization
Group of Twenty - Answers World Trade Organization
What occurs according to Moore's law?
The power of microprocessor technology doubles and its cost of production falls in half every 18
months.
The demand for microprocessor technology falls in half every 18 months.
The demand for microprocessors continues to rise, while their supply falls.
The price of microprocessors continues to fall, while their cost of production increases.
The cost of microprocessors increases as their power increases. - Answers The power of microprocessor
technology doubles and its cost of production falls in half every 18 months
Canadian company Yummy Snacks exports a number of products to consumers in Peru, Chile, and
Argentina. According to this information, Yummy Snacks is most likely involved in
international trade.
outsourcing.
, foreign direct investment.
globalization of production.
trade protectionism. - Answers international trade.
What was the motivation for non-U.S. firms to begin investing across national borders in the 1970s?
desire to disperse production activities to optimal locations
host of investment opportunities in foreign nations
shift toward a more integrated and interdependent global economy
rise in barriers to trade and foreign direct investments
limits imposed by government intervention in international trade - Answers desire to disperse
production activities to optimal locations
Gigantic Games., a U.S.-based company that specializes in strategy-based board games, has production
facilities in Poland and Spain. Based on this information, Gigantic Games can be classified as what type
of enterprise?
local
multinational
private
public
semipublic - Answers multinational
One cost-cutting measure used by Garr Tool Corp. is sourcing the parts it uses from companies in
Germany, Ireland, and Canada that are more economical than home-country sources. The choice to use
these sources is an example of the
emergence of global institutions.
regulation of the environment.
globalization of production.
Grossman and Krueger's study revealed the relationship between pollution levels and income. Which
pollutant was the exception to their study?
nitrous oxide
sulfur dioxide
lead
carbon dioxide
hydrogen - Answers carbon dioxide
When considering globalization, what is considered the single most important innovation since World
War II?
higher education
transcontinental air transport
the telephone
the microprocessor
cross-country railway systems - Answers the microprocessor
Which of these companies exemplifies the globalization of markets?
The clothes of Sea Shell Fashions, a U.S.-based company, are hand-sewn by workers in India.
The accounts of a U.K.-based finance company are maintained and managed by an accounting firm in
the Czech Republic.
Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
Iconic Industries Inc., a U.S. energy company, has generated capital from investors all over the world.
Wine producer Violet Wines procures high-quality grapes from neighboring countries. - Answers Fluffy
Pillows, a U.S.-based pillow company, sells the same pillows worldwide
Technology is indicated as having a major impact on the declining share of national income enjoyed by
labor. If this is the case, what is a logical solution to this problem?
,increasing society's investment in education
restricting exports of jobs
restricting access to technology
decreasing the wage rates of skilled workers
increasing the supply of unskilled workers - Answers increasing society's investment in education
Which institution was established as a result of the Uruguay Round of GATT?
United Nations
World Bank
International Monetary Fund
World Trade Organization
Group of Twenty - Answers World Trade Organization
What occurs according to Moore's law?
The power of microprocessor technology doubles and its cost of production falls in half every 18
months.
The demand for microprocessor technology falls in half every 18 months.
The demand for microprocessors continues to rise, while their supply falls.
The price of microprocessors continues to fall, while their cost of production increases.
The cost of microprocessors increases as their power increases. - Answers The power of microprocessor
technology doubles and its cost of production falls in half every 18 months
Canadian company Yummy Snacks exports a number of products to consumers in Peru, Chile, and
Argentina. According to this information, Yummy Snacks is most likely involved in
international trade.
outsourcing.
, foreign direct investment.
globalization of production.
trade protectionism. - Answers international trade.
What was the motivation for non-U.S. firms to begin investing across national borders in the 1970s?
desire to disperse production activities to optimal locations
host of investment opportunities in foreign nations
shift toward a more integrated and interdependent global economy
rise in barriers to trade and foreign direct investments
limits imposed by government intervention in international trade - Answers desire to disperse
production activities to optimal locations
Gigantic Games., a U.S.-based company that specializes in strategy-based board games, has production
facilities in Poland and Spain. Based on this information, Gigantic Games can be classified as what type
of enterprise?
local
multinational
private
public
semipublic - Answers multinational
One cost-cutting measure used by Garr Tool Corp. is sourcing the parts it uses from companies in
Germany, Ireland, and Canada that are more economical than home-country sources. The choice to use
these sources is an example of the
emergence of global institutions.
regulation of the environment.
globalization of production.
