C211 Second OA quizzes with Verified Answers
1. Developing countries: The term "emerging economies" has replaced the term
.
2. gross national product: The gross domestic product plus the income from
non-resident sources abroad gives the .
3. BRICS countries: More than 25% of global GDP comes f...
C211 Second OA quizzes with Verified Answers
1. Developing countries: The term "emerging economies" has replaced the term
.
2. gross national product: The gross domestic product plus the income from
non-resident sources abroad gives the .
3. BRICS countries: More than 25% of global GDP comes from .
4. North America, Western Europe, and Japan: Viewing the global economy as a
pyramid, the Triad refers to .
5. less than $2,000: People who earn a year comprise the base of the global
economic pyramid.
6. Lowering prices and features of existing products to meet emerging market
needs: Which of the following would be an example of a top down innovation?
7. It only has 19 member countries.: Which of the following is true of the Group of
20 (G-20)?
8. Understanding the laws and values of the firm's host nation.: Which of the
following does the institution-based view of global business lay emphasis on?
9. focuses on the internal strengths on the firm: The resource-based view of
global business differs from the institution-based view of global business in that the
resource-based view .
10. foreign firms in host nations due to their non-native status: The liability of
foreignness is the inherent disadvantage faced by .
11. It is a western ideology focused on exploiting and dominating the world
through MNEs: Which of the following is true of globalization according to the "new
force" perspective?
12. Semiglobalization: The concept of suggests that barriers to market
integration at borders are high, but not high enough to completely insulate countries
from each other.
13. Localization: The strategy of treating each country as a unique market and in
total isolation is referred to as .
14. Shrinking: MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been .
15. purchasing power parity: A conversion that determines the equivalent amount
of goods and services that different currencies can buy is known as .
16. Brazil: Which of the following countries would be characterized as an emerging
economy?
17. Japan: Which of the following countries is represented in the Triad of the global
economic pyramid?
18. reverse innovation: A is defined as an innovation that is adopted first in
emerging economies and then diffused around the world.
, C211 Second OA quizzes with Verified Answers
19. institution-based: The view suggests that the success and failure of
firms are largely determined by their environments.
20. resource-based: The view of global business focuses on internal factors
that can help a firm overcome its external environment.
21. Globalization is a not a one-directional phenomenon: Which of the following
is true of globalization according to the "pendulum view" perspective?
22. semiglobalization: The concept of suggests that barriers to market
integration at borders are high, but not high enough to completely insulate countries
from each other.
23. Standardization: is the strategy of treating the entire world as one
market.
24. government involvement in international trade: Protectionism is similar to
mercantilism as they both advocated .
25. Protectionism: The principle advocated that governments should active-
ly protect domestic industries from imports and vigorously promote exports.
26. National competitive advantage: Which of the following is a modern trade
theory?
27. Product life cycle: Which of the following trade theories divides the nations of
the world into three categories?
28. Product life cycle theory: Which of the following was the first international trade
theory to account for changes in the patterns of trade over time?
29. product is standardized: In the third stage of the product life cycle theory, the
.
30. 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: Which of
the following describes resource mobility as assumed by the classical theories of
international trade?
31. explains patterns of trade based on factor endowments: The theory of
comparative advantage .
32. import tariffs: Deadweight costs are net losses that occur when are
imposed.
33. Subsidies: are government payments to domestic firms.
34. It is an export quota levied by a country on the quantity of its exports.: -
Which of the following is true of voluntary export restraints?
35. Antidumping duties: are tariffs levied on imports sold below costs to
drive domestic firms out of business.
36. investment in a portfolio of foreign securities that do not entail the active
management of foreign assets: FPI refers to the .
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