Question 1

When Galaxy Ventures,a real estate company,entered the low cost housing business,the market was already saturated with other players.Thus,the company was forced to exit the market due to lack of customer loyalty and substantial dividends.Which of the following is a term used to described the situation faced by the company?

Accepted Answer

A)  First-mover disadvantages
B)  Late-mover disadvantages
C)  Last-in first-out disadvantages
D)  Comparative disadvantages
E)  Absolute disadvantagesF) A) and C)
G) A) and B)

Question 2

You can adjust GNI per capita by purchasing power to account for differences in the

Accepted Answer

A)  cost of living.
B)  population density.
C)  geographical area.
D)  factor endowments.
E)  labor productivity.F) None of the above
G) D) and E)

Question 3

The cost of doing business is most likely to be the lowest in

Accepted Answer

A)  closed totalitarian states.
B)  primitive or undeveloped economies.
C)  open democratic societies.
D)  countries where local laws and regulations set strict standards with regard to product safety,safety in the workplace,and environmental pollution.
E)  countries that lack well-established laws for regulating business practice.F) A) and D)
G) B) and E)

Question 4

Discuss Samuel Huntington's idea of the new world order.What are its implications for international business?

Accepted Answer

The late influential political scientist...

Question 5

In 2014,if the GNI per capita of India was $1,570 and its PPP per capita was $5,630,this means that the cost of living in India was lower than the cost of living in

Accepted Answer

A)  China.
B)  Great Britain.
C)  Germany.
D)  the United States.
E)  The rest of the world.F) A) and E)
G) A) and B)

Question 6

Discuss the concept of deregulation.

Accepted Answer

Deregulation involves removing legal res...

Question 7

Which of the following statements is true about privatization?

Accepted Answer

A)  The privatization movement started in China in the early 1980s.
B)  Privatization involves replacing a state-owned monopoly with a private monopoly.
C)  For privatization to become successful,countries should adopt communism.
D)  When newly privatized firms are extensively protected from foreign competition,they have little incentive to restructure their operations to become more efficient.
E)  In today's context,a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.F) B) and C)
G) A) and E)

Question 8

What type of risk can be defined as the likelihood that a trading partner will opportunistically break a contract or expropriate property rights?

Accepted Answer

A)  political
B)  legal
C)  economic
D)  sociological
E)  culturalF) A) and E)
G) C) and D)

Question 9

How does Author Francis Fukuyama's vision of the new world differ from that of the late influential political scientist Samuel Huntington?

Accepted Answer

Fukuyama's envisioned a harmonious world...

Question 10

Which of the following is most likely to prove detrimental to democracy and international business?

Accepted Answer

A)  Emergence of increasingly prosperous middle and working classes
B)  Development of new information and communication technologies
C)  Dominance of a universal civilization which leads to the establishment of a more harmonious world
D)  Transformation of nations from centrally planned command economies to market-based economies
E)  Emergence of different civilizations,each of which has its own value systems and ideologyF) C) and E)
G) B) and D)

Question 11

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

Accepted Answer

The political economy of many of the wor...

Question 12

In the country of Sernia,the state owns all means of production.Sernia is a

Accepted Answer

A)  market economy.
B)  mixed economy..
C)  planned economy.
D)  private economy.
E)  democratic economy.F) A) and D)
G) B) and C)

Question 13

Which of the following factors in a country is most likely to cause political risk for an international business?

Accepted Answer

A)  presence of more than one ethnic nationality
B)  infrequent changes in government and government policy
C)  low inflation rate
D)  low level of government debt
E)  high living standardsF) All of the above
G) B) and E)

Question 14

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Accepted Answer

A) True 
 B)False

Question 15

Describe Amartya Sen's conceptions of development.

Accepted Answer

The Nobel Prize-winning economist Amarty...

Question 16

Which of the following measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country?

Accepted Answer

A)  income elasticity of demand
B)  cash reserve ratio
C)  net cash flow ratio
D)  gross national income
E)  income equity ratioF) A) and B)
G) C) and D)

Question 17

Only a totalitarian regime that is committed to which of the following is capable of promoting economic growth?

Accepted Answer

A)  command economy
B)  dictatorship
C)  limiting human freedom
D)  market system and strong protection of property rights
E)  limiting individualism and privatizationF) All of the above
G) C) and D)

Question 18

In economic terms,the long-run monetary benefits of doing business in a country are most likely to be a function of the

Accepted Answer

A)  gender ratio of the country.
B)  latitudinal and the longitudinal location of the country.
C)  natural resources available in the country.
D)  present wealth (purchasing power) of consumers of the country.
E)  political history of the country.F) B) and D)
G) C) and D)

Question 19

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Accepted Answer

A)  communism
B)  centrally planned economy
C)  privatization
D)  command economy
E)  lack of strong property rightsF) None of the above
G) B) and D)

Question 20

What are the various reasons that account for the spread of democracy?

Accepted Answer

Three main reasons account for the sprea...

Exam 3: National Differences in Economic Development

In the country of Sernia,the state owns all means of production.Sernia is a

Correct Answer
verified

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Correct Answer
verified

Describe Amartya Sen's conceptions of development.

Correct Answer
verified
The Nobel Prize-winning economist Amarty...
View Answer

How does Author Francis Fukuyama's vision of the new world differ from that of the late influential political scientist Samuel Huntington?

Correct Answer
verified
Fukuyama's envisioned a harmonious world...
View Answer

Which of the following measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country?

Correct Answer
verified

In 2014,if the GNI per capita of India was $1,570 and its PPP per capita was $5,630,this means that the cost of living in India was lower than the cost of living in

Correct Answer
verified

What are the various reasons that account for the spread of democracy?

Correct Answer
verified
Three main reasons account for the sprea...
View Answer

What type of risk can be defined as the likelihood that a trading partner will opportunistically break a contract or expropriate property rights?

Correct Answer
verified

Discuss the concept of deregulation.

Correct Answer
verified
Deregulation involves removing legal res...
View Answer

Only a totalitarian regime that is committed to which of the following is capable of promoting economic growth?

Correct Answer
verified

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Correct Answer
verified

The cost of doing business is most likely to be the lowest in

Correct Answer
verified

Which of the following factors in a country is most likely to cause political risk for an international business?

Correct Answer
verified

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

Correct Answer
verified
The political economy of many of the wor...
View Answer

Which of the following statements is true about privatization?

Correct Answer
verified

You can adjust GNI per capita by purchasing power to account for differences in the

Correct Answer
verified

Discuss Samuel Huntington's idea of the new world order.What are its implications for international business?

Correct Answer
verified
The late influential political scientist...
View Answer

In economic terms,the long-run monetary benefits of doing business in a country are most likely to be a function of the

Correct Answer
verified

Which of the following is most likely to prove detrimental to democracy and international business?

Correct Answer
verified

Correct Answer
verified

Exam 3: National Differences in Economic Development

In the country of Sernia,the state owns all means of production.Sernia is a

Correct AnswerverifiedShow Answer

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Correct AnswerverifiedShow Answer

Describe Amartya Sen's conceptions of development.

Correct AnswerverifiedThe Nobel Prize-winning economist Amarty...View AnswerShow Answer

How does Author Francis Fukuyama's vision of the new world differ from that of the late influential political scientist Samuel Huntington?

Correct AnswerverifiedFukuyama's envisioned a harmonious world...View AnswerShow Answer

Which of the following measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country?

Correct AnswerverifiedShow Answer

In 2014,if the GNI per capita of India was $1,570 and its PPP per capita was $5,630,this means that the cost of living in India was lower than the cost of living in

Correct AnswerverifiedShow Answer

What are the various reasons that account for the spread of democracy?

Correct AnswerverifiedThree main reasons account for the sprea...View AnswerShow Answer

What type of risk can be defined as the likelihood that a trading partner will opportunistically break a contract or expropriate property rights?

Correct AnswerverifiedShow Answer

Discuss the concept of deregulation.

Correct AnswerverifiedDeregulation involves removing legal res...View AnswerShow Answer

Only a totalitarian regime that is committed to which of the following is capable of promoting economic growth?

Correct AnswerverifiedShow Answer

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Correct AnswerverifiedShow Answer

The cost of doing business is most likely to be the lowest in

Correct AnswerverifiedShow Answer

Which of the following factors in a country is most likely to cause political risk for an international business?

Correct AnswerverifiedShow Answer

What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?

Correct AnswerverifiedThe political economy of many of the wor...View AnswerShow Answer

Which of the following statements is true about privatization?

Correct AnswerverifiedShow Answer

You can adjust GNI per capita by purchasing power to account for differences in the

Correct AnswerverifiedShow Answer

Discuss Samuel Huntington's idea of the new world order.What are its implications for international business?

Correct AnswerverifiedThe late influential political scientist...View AnswerShow Answer

In economic terms,the long-run monetary benefits of doing business in a country are most likely to be a function of the

Correct AnswerverifiedShow Answer

Which of the following is most likely to prove detrimental to democracy and international business?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The Nobel Prize-winning economist Amarty...
View Answer

Correct Answer
verified
Fukuyama's envisioned a harmonious world...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Three main reasons account for the sprea...
View Answer

Correct Answer
verified

Correct Answer
verified
Deregulation involves removing legal res...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The political economy of many of the wor...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The late influential political scientist...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified