The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries
The gross domestic product plus the income from non-resident sources abroad gives
the ____. - Correct answer-gross national product
More than 25% of global GDP comes from _____. - Correct answer-BRICS...
C211 Second OA quizzes The term "emerging economies" has replaced the term _____. - Correct answer -
Developing countries The gross domestic product plus the income from non -resident sources abroad gives the ____. - Correct answer -gross national product More than 25% of global GDP comes from _____. - Correct answer -BRICS countries Viewing the global economy as a pyramid, th e Triad refers to _____. - Correct answer -
North America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. - Correct answer -less than $2,000 Which of the following would be an example of a top down i nnovation? - Correct answer -Lowering prices and features of existing products to meet emerging market needs Which of the following is true of the Group of 20 (G -20)? - Correct answer -It only has 19 member countries. Which of the following does the instit ution -based view of global business lay emphasis on? - Correct answer -Understanding the laws and values of the firm's host nation. The resource -based view of global business differs from the institution -based view of global business in that the resource -based view _____. - Correct answer -focuses on the internal strengths on the firm The liability of foreignness is the inherent disadvantage faced by _____. - Correct answer -foreign firms in host nations due to their non -native status Which of the following is true of globalization according to the "new force" perspective? - Correct answer -It is a western ideology focused on exploiting and dominating the world through MNEs The concept of _____ suggests that barriers to market integration at borders are high , but not high enough to completely insulate countries from each other. - Correct answer -
Semiglobalization The strategy of treating each country as a unique market and in total isolation is referred to as _____. - Correct answer -Localization MNEs from th e Triad dominate the list of the 500 largest MNEs; their share has been _____. - Correct answer -Shrinking A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____. - Correct answer -purchasing power parity Which of the following countries would be characterized as an emerging economy? - Correc t answer -Brazil Which of the following countries is represented in the Triad of the global economic pyramid? - Correct answer -Japan People who earn _____ a year comprise the base of the global economic pyramid. - Correct answer -less than $2,000 A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world. - Correct answer -reverse innovation The _____ view suggests that the success and failure of firms are largely determined by their environments. - Correct answer -institution -based The _____ view of global business focuses on internal factors that can help a firm overcome its external environment. - Correct answer -resource -based Which of the following is true of globalization according to the "pendul um view" perspective? - Correct answer -Globalization is a not a one -directional phenomenon The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. - Corre ct answer -
semiglobalization _____ is the strategy of treating the entire world as one market. - Correct answer -
Standardization Protectionism is similar to mercantilism as they both advocated _____. - Correct answer -government involvement in international trade The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports. - Correct answer -Protectionism Which of the following is a modern trade theory? - Correct answer -National compe titive advantage Which of the following trade theories divides the nations of the world into three categories? - Correct answer -Product life cycle Which of the following was the first international trade theory to account for changes in the patterns of t rade over time? - Correct answer -Product life cycle theory In the third stage of the product life cycle theory, the _____. - Correct answer -product is standardized Which of the following describes resource mobility as assumed by the classical theories of international trade? - Correct answer -It is the assumption that a resource used in producing a product for one industry can be shifted and put to use in another industry The theory of comparative advantage _____. - Correct answer -explains patterns of trade based on factor endowments Deadweight costs are net loss es that occur when _____ are imposed. - Correct answer -
import tariffs _____ are government payments to domestic firms. - Correct answer -Subsidies Which of the following is true of voluntary export restraints? - Correct answer -It is an export quota levied by a country on the quantity of its exports. _____ are tariffs levied on imports sold below costs to drive domestic firms out of business. - Correct answer -Antidumping duties FPI refers to the _____. - Correct answer -investment in a portfolio of foreign securities that do not entail the active management of foreign assets A vertical FDI refers to a type of FDI in which _____. - Correct answer -a firm moves upstream or downstream at different value chain stages in a host country _____ refers to the total accumulation of inbound FDI in a country or outbound FDI from a country. - Correct answer -FDI stock OLI advantages refer to a firm's quest for _____via FDI. - Correct answer -ownership advantages, location advantages, and internalization advantages ____ refers to the replacement of cross -border markets with one firm locating in two or more countries. - Correct answer -Internalization Firms prefer FDI to licensing because FDI_____. - Correct answer -provides the firm with direct ownership to its foreign ass ets _____ refers to the clustering of economic activities in certain locations. - Correct answer -Agglomeration
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