Quiz ONE (chapters 1-3)
·
Question 1
10 out of
10 points
When a government sees that local industry is
threatened by imports, it will never impose import barriers to stop or reduce
these imports.
·
Question 2
10 out of
10 points
Foreign business refers to the operations of a
company outside its home or domestic market.
·
Question 3
10 out of
10 points
The term international company refers to both
global and multi-domestic companies.
·
Question 4
10 out of
10 points
Examples of the kinds of uncontrollable forces
listed in the text are:
·
Question 5
10 out of
10 points
Due to the expanding importance of foreign-owned
firms in local economies, host governments have made their policies toward
these companies _____________.
·
Question 6
10 out of
10 points
Both developed nations and developing nations
tend to trade more with developed nations.
·
Question 7
10 out of
10 points
The first formulation of international trade
theory, by Adam Smith, was motivated by agricultural necessity.
·
Question 8
0 out of
10 points
The theory of absolute advantage suggests that
under free and unregulated trade, each nation should specialize in producing
those goods it can produce most efficiently, based on naturally occurring
resources such as minerals, oil, or timber.
·
Question 9
10 out of
10 points
Which of the following is explained by
international trade theory?
·
Question
10
0 out of
10 points
Off-shoring is an application of:
·
Question
11
0 out of
10 points
The World Bank is organized into three major and
two smaller institutions.
·
Question
12
0 out of
10 points
The International Court of Justice has 15 judges,
who come from 15 different countries and serve 15-year terms, appointed by
majorities of the General Assembly and the Security Council.
·
Question
13
0 out of
10 points
The General Assembly:
·
Question
14
10 out of
10 points
What is the purpose of the International Monetary
Fund (IMF)?
·
Question
15
10 out of
10 points
Economic integration begins with a:
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