4220quiz 1-6

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* Question 1
1 out of 1 points
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| According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___.Answer | | | | | Selected Answer:|  a.  the country of innovation only|

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* Question 2
1 out of 1 points
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| Argentina can produce one ton of meat (beef) using 0.1 years of labor. It can also produce one automobile using two years of labor. In order to produce one ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Argentina has ___.Answer | | | | | Selected Answer:|  b.  an absolute advantage in the production of beef|

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* Question 3
1 out of 1 points
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| Information on foreign countries, including their economic environment, their political environment and their geography, can easily be found in several publications. Which is not one of the organizations that publishes background information on countries?Answer | | | | | Selected Answer:|  d.  The United Nations' UNICEF|

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* Question 4
1 out of 1 points
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| International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?Answer | | | | | Selected Answer:|  a.  United States|

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* Question 5
1 out of 1 points
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| On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a ___.Answer | | | | | Selected Answer:|  b.  competitive driver|

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* Question 6
1 out of 1 points
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| Russia can produce 25 tons of steel or 15 chairs using the same amount of resources. Using the exact same amount of resources, India can produce 18 tons of steel and 12 chairs. According to the theory of comparative advantage, at what price will Russia and India trade chairs?Answer | | | | | Selected Answer:|  a.  India will buy chairs as long as the price is lower than 0.67 tons of steel|

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* Question 7
1 out of 1 points
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| The common currency of most of the countries of the European Union is called ___.Answer | | | | | Selected Answer:|  d.  the euro.|
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* Question 8
1 out of 1 points
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| The international environment presents challenges for the international logistician. Which aspect of the international business environment is most likely to create frustrations?Answer | | | | | Selected Answer:|  a.  Cultural differences.|

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* Question 9
1 out of 1 points
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| The total value of international trade in services and merchandise is about ___.Answer | | | | | Selected Answer:|  b.  $9 trillion|
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* Question 10
1 out of 1 points
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| Which of the following entities was created at the Bretton-Woods Conference of 1944?Answer | | | | | Selected Answer:|  a.  International Monetary Fund|
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* Question 1
1 out of 1 points
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| Early logisticians were international traders, and, although they used different techniques and means of transportation, they were concerned with the same issues that present-day logisticians are concerned about.Answer | | | | | Selected Answer:|  a.  True|

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* Question 2
1 out of 1 points
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| "Time-defined" deliveries refer to shipments of goods that cannot stay in transit too long because they are perishable.Answer | | | | | Selected Answer:|  b.  False|
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* Question 3
1 out of 1 points
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