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