SECTION 1 - GLOBALIZATION
Assessment Question one particular
The change toward a far more integrated and
interdependent community economy is usually
referred to as
a) economic incorporation
b) economical interdependency
Review Question two
The joining of in the past distinct and
separate national markets as one huge
global marketplace is referred to as
a) global market aide
b) cross-border trade
c) supranational market integration
d) the the positive effect of markets
Review Question 3
Organizations that are associated with international
business tend to always be
d) large, small , and medium-sized
Assessment Question 4
Which is not one factor of production?
Review Issue 5
The sourcing of good and services from about
the world to take advantage of national
variations in the cost and quality of factors of
creation is called
a) economies of scale
b) the the positive effect of development
c) global integration
d) global finding
Review Problem 6
What is the single most significant innovation to
the the positive effect of marketplaces and development?
a) advancements in travel technology
b) the development of the microprocessor
c) advances in communication
d) the Internet
Assessment Question 7
Which of these is not only a concern of anti-globalization
a) globalization boosts consumer cash flow
b) the positive effect contributes to environmental
c) globalization can be causing a loss of manufacturing
jobs in producing countries
d) globalization indicates a loss in national
CHAPTER 5& 6 вЂ“ TRADE HYPOTHESES
Review Issue 1
1 . Propagated in the 16th and 17th centuries, _____
strongly suggested that countries should at the same time
encourage exports and suppress imports.
Review Question 2
2 . What is the basic meaning of the theory of
A. Countries are similar in their capacity to produce
M. International transact is seldom beneficial to a
C. Potential community production can be greater with
unrestricted totally free trade than it is with restricted
D. Trade is a zero-sum game.
Assessment Question three or more
3. Which in turn theory predicts that countries will export
those items that make intense use of factors
that are regionally abundant, whilst importing items
that make intense use of elements that are regionally
A. Comparative edge
B. Total advantage
Assessment Question 4
4. All the following hypotheses show so why it is
good for a country to engage in foreign
trade also for products it is able to produce for
by itself except:
C. comparative benefits.
D. overall advantage.
Review Question 5
5. A situation in which 1 country much more efficient
in producing a item than some other country is usually
referred to as:
A. absolute benefit
B. comparative advantage
C. comparative benefits
D. essential advantage
Review Question six
6. Transact produces net gains for all those involved and
hence is known as a:
A. zero-sum game.
M. balance-of-trade game.
C. positive-sum game.
Deb. equilibrium-gain game.
Review Issue 7
six. The product cycle theory:
A. remains a relevant theory of explaining
international trade today.
B. was useful for describing the pattern of operate
during the short period of American global
C. turned out to be a poor reason of world trade
habits during the 1960s and 1970s.
D. was a strong predictor of control patterns
during the 1800s.
Review Question almost 8
8. In accordance to Porter, advanced elements:
A. include natural resources, climate,
B. would be the least significant for competitive
C. are obviously endowed.
M. are a product of investment by...