C211 SECOND OA QUIZZES WITH VERIFED ANSWERS GRADED A+
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C211 SECOND OA
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C211 SECOND OA
C211 SECOND OA QUIZZES WITH VERIFED ANSWERS GRADED A+
The term "emerging economies" has re-
placed the term .
The gross domestic product plus the in-
come from non-resident sources abroad
gives the .
More than 25% of global GDP comes
from .
Viewing the global economy as a pyra-
mid, the Tr...
C211 SECOND OA QUIZZES WITH VERIFED ANSWERS GRADED A+
The term "emerging economies" has re-
Developing countries
placed the term .
The gross domestic product plus the in-
come from non-resident sources abroad gross national product
gives the .
More than 25% of global GDP comes
BRICS countries
from .
Viewing the global economy as a pyra- North America, Western Europe, and
mid, the Triad refers to . Japan
People who earn a year comprise
less than $2,000
the base of the global economic pyramid.
Lowering prices and features of exist-
Which of the following would be an ex-
ing products to meet emerging market
ample of a top down innovation?
needs
Which of the following is true of the
It only has 19 member countries.
Group of 20 (G-20)?
Which of the following does the institu-
Understanding the laws and values of the
tion-based view of global business lay
firm's host nation.
emphasis on?
The resource-based view of global busi-
ness differs from the institution-based focuses on the internal strengths on the
view of global business in that the re- firm
source-based view .
The liability of foreignness is the inherent foreign firms in host nations due to their
disadvantage faced by . non-native status
Which of the following is true of global- It is a western ideology focused on
ization according to the "new force" per- exploiting and dominating the world
spective? through MNEs
The concept of suggests that bar-
riers to market integration at borders are
Semiglobalization
high, but not high enough to completely
insulate countries from each other.
Localization
, C211 SECOND OA QUIZZES WITH VERIFED ANSWERS GRADED A+
The strategy of treating each country as
a unique market and in total isolation is
referred to as .
MNEs from the Triad dominate the list of
the 500 largest MNEs; their share has Shrinking
been .
A conversion that determines the equiv-
alent amount of goods and services that
purchasing power parity
different currencies can buy is known as
.
Which of the following countries would
be characterized as an emerging econ- Brazil
omy?
Which of the following countries is repre-
sented in the Triad of the global econom- Japan
ic pyramid?
A is defined as an innovation that
is adopted first in emerging economies reverse innovation
and then diffused around the world.
The view suggests that the suc-
cess and failure of firms are largely de- institution-based
termined by their environments.
The view of global business fo-
cuses on internal factors that can help a resource-based
firm overcome its external environment.
Which of the following is true of global-
Globalization is a not a one-directional
ization according to the "pendulum view"
phenomenon
perspective?
The concept of suggests that bar-
riers to market integration at borders are
semiglobalization
high, but not high enough to completely
insulate countries from each other.
is the strategy of treating the en-
tire world as one market. Standardization
, C211 SECOND OA QUIZZES WITH VERIFED ANSWERS GRADED A+
Protectionism is similar to mercantilism government involvement in international
as they both advocated . trade
The principle advocated that gov-
ernments should actively protect domes-
Protectionism
tic industries from imports and vigorous-
ly promote exports.
Which of the following is a modern trade
National competitive advantage
theory?
Which of the following trade theories di-
vides the nations of the world into three Product life cycle
categories?
Which of the following was the first in-
ternational trade theory to account for
Product life cycle theory
changes in the patterns of trade over
time?
In the third stage of the product life cycle
product is standardized
theory, the .
It is the assumption that a resource used
Which of the following describes re-
in producing a product for one industry
source mobility as assumed by the clas-
can be shifted and put to use in another
sical theories of international trade?
industry
The theory of comparative advantage explains patterns of trade based on fac-
. tor endowments
Deadweight costs are net losses that oc-
import tariffs
cur when are imposed.
are government payments to do-
Subsidies
mestic firms.
Which of the following is true of voluntary It is an export quota levied by a country
export restraints? on the quantity of its exports.
are tariffs levied on imports sold
below costs to drive domestic firms out Antidumping duties
of business.
FPI refers to the .
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