1
IB 439 Exam 1 Questions with Correct Answers |
Updated (100% Correct Answers)
In the last 20 years, World Trade volumes (Exports and Imports) have Answer:
Increased at an increased rate
A ____________ is a type of intergovernmental agreement, often part of a regional
intergovernmental organization, where barriers to trade (tariffs and others) are
reduced or eliminated among the participating states Answer: Trade Bloc
The volume of World Merchandise Trade can be measured by the average of
exports and imports. In 2022, the world's leading country in merchandise trade
was_______ Answer: China
In 2018, the worlds leading country in commercial services trade was ____________
Answer: United States of America
According to the World Bank's World integrated Trade Solution database, the
top product category imported and exported by the USA is_________________
Answer: Machinery and Electrical
In terms of World Population, Indicate which statement is TRUE Answer: China,
India, and the United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false
Answer: The density of land network (rail lines and roads) is homogeneous
across the world
© 2026 All rights reserved
, 2
According to AON's Political Risk Map, which world region from the list below
has the highest risk of political instability Answer: Africa
According to Freedom House, in terms of political system (access to political
rights and civil liberties) more that 50% of the world is_____________ Answer:
Either party free or Not free
According to DHL's global connectedness index 2022 report, indicate which
statement below is FALSE related to recent globalization patterns: Answer: The
public policy environment has become more favorable for globalization
Globalization is the process of international integration arising from the
interchange of the following factors, EXCEPT Answer: the increased role of
national government/ nation states
In 2000, the International Monetary Fund (IMF) identified four basic aspects of
globalization which are listed below. EXCEPT Answer: dissemination of
misconceptions
Indicate from the statements below, which one is an ADVANTAGE of
globalization Answer: Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of
globalization Answer: Impact of the mix of cultures
Indicate from the statements below, which one IS NOT an impact of globalization
to supply chain management Answer: Reduced Complexity
© 2026 All rights reserved
IB 439 Exam 1 Questions with Correct Answers |
Updated (100% Correct Answers)
In the last 20 years, World Trade volumes (Exports and Imports) have Answer:
Increased at an increased rate
A ____________ is a type of intergovernmental agreement, often part of a regional
intergovernmental organization, where barriers to trade (tariffs and others) are
reduced or eliminated among the participating states Answer: Trade Bloc
The volume of World Merchandise Trade can be measured by the average of
exports and imports. In 2022, the world's leading country in merchandise trade
was_______ Answer: China
In 2018, the worlds leading country in commercial services trade was ____________
Answer: United States of America
According to the World Bank's World integrated Trade Solution database, the
top product category imported and exported by the USA is_________________
Answer: Machinery and Electrical
In terms of World Population, Indicate which statement is TRUE Answer: China,
India, and the United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false
Answer: The density of land network (rail lines and roads) is homogeneous
across the world
© 2026 All rights reserved
, 2
According to AON's Political Risk Map, which world region from the list below
has the highest risk of political instability Answer: Africa
According to Freedom House, in terms of political system (access to political
rights and civil liberties) more that 50% of the world is_____________ Answer:
Either party free or Not free
According to DHL's global connectedness index 2022 report, indicate which
statement below is FALSE related to recent globalization patterns: Answer: The
public policy environment has become more favorable for globalization
Globalization is the process of international integration arising from the
interchange of the following factors, EXCEPT Answer: the increased role of
national government/ nation states
In 2000, the International Monetary Fund (IMF) identified four basic aspects of
globalization which are listed below. EXCEPT Answer: dissemination of
misconceptions
Indicate from the statements below, which one is an ADVANTAGE of
globalization Answer: Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of
globalization Answer: Impact of the mix of cultures
Indicate from the statements below, which one IS NOT an impact of globalization
to supply chain management Answer: Reduced Complexity
© 2026 All rights reserved
