100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
C211 Second OA quizzes Complete Questions And Answers $15.99   Add to cart

Exam (elaborations)

C211 Second OA quizzes Complete Questions And Answers

 4 views  0 purchase
  • Course
  • C211 Second OA
  • Institution
  • C211 Second OA

C211 Second OA quizzes Complete Questions And Answers

Preview 3 out of 17  pages

  • August 5, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • C211 Second OA
  • C211 Second OA
avatar-seller
ElevatedExcellence
C211 Second OA quizzes Complete
Questions And Answers
The term "emerging economies" has replaced the term _____. CORRECT ANSWERS
Developing countries

The gross domestic product plus the income from non-resident sources abroad gives
the ____. CORRECT ANSWERS gross national product

More than 25% of global GDP comes from _____. CORRECT ANSWERS BRICS
countries

Viewing the global economy as a pyramid, the Triad refers to _____. CORRECT
ANSWERS North America, Western Europe, and Japan

People who earn _____ a year comprise the base of the global economic pyramid.
CORRECT ANSWERS less than $2,000

Which of the following would be an example of a top down innovation? CORRECT
ANSWERS 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 ANSWERS It only
has 19 member countries.

Which of the following does the institution-based view of global business lay emphasis
on? CORRECT ANSWERS 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 ANSWERS focuses
on the internal strengths on the firm

The liability of foreignness is the inherent disadvantage faced by _____. CORRECT
ANSWERS 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 ANSWERS 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
ANSWERS Semiglobalization

,The strategy of treating each country as a unique market and in total isolation is referred
to as _____. CORRECT ANSWERS Localization

MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been
_____. CORRECT ANSWERS Shrinking

A conversion that determines the equivalent amount of goods and services that different
currencies can buy is known as _____. CORRECT ANSWERS purchasing power parity

Which of the following countries would be characterized as an emerging economy?
CORRECT ANSWERS Brazil

Which of the following countries is represented in the Triad of the global economic
pyramid? CORRECT ANSWERS Japan

People who earn _____ a year comprise the base of the global economic pyramid.
CORRECT ANSWERS less than $2,000

A _____ is defined as an innovation that is adopted first in emerging economies and
then diffused around the world. CORRECT ANSWERS reverse innovation

The _____ view suggests that the success and failure of firms are largely determined by
their environments. CORRECT ANSWERS institution-based

The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment. CORRECT ANSWERS resource-based

Which of the following is true of globalization according to the "pendulum view"
perspective? CORRECT ANSWERS 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. CORRECT
ANSWERS semiglobalization

_____ is the strategy of treating the entire world as one market. CORRECT ANSWERS
Standardization

Protectionism is similar to mercantilism as they both advocated _____. CORRECT
ANSWERS government involvement in international trade

The _____ principle advocated that governments should actively protect domestic
industries from imports and vigorously promote exports. CORRECT ANSWERS
Protectionism

, Which of the following is a modern trade theory? CORRECT ANSWERS National
competitive advantage

Which of the following trade theories divides the nations of the world into three
categories? CORRECT ANSWERS Product life cycle

Which of the following was the first international trade theory to account for changes in
the patterns of trade over time? CORRECT ANSWERS Product life cycle theory

In the third stage of the product life cycle theory, the _____. CORRECT ANSWERS
product is standardized

Which of the following describes resource mobility as assumed by the classical theories
of international trade? CORRECT ANSWERS 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 ANSWERS explains patterns
of trade based on factor endowments

Deadweight costs are net losses that occur when _____ are imposed. CORRECT
ANSWERS import tariffs

_____ are government payments to domestic firms. CORRECT ANSWERS Subsidies

Which of the following is true of voluntary export restraints? CORRECT ANSWERS 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 ANSWERS Antidumping duties

FPI refers to the _____. CORRECT ANSWERS 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 ANSWERS 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 ANSWERS FDI stock

OLI advantages refer to a firm's quest for _____via FDI. CORRECT ANSWERS
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 ANSWERS Internalization

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ElevatedExcellence. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.99
  • (0)
  Add to cart