Ib Chapter 4 Multiple Choice

Topics: Mixed economy, Economic system, Planned economy Pages: 13 (2792 words) Published: April 18, 2012
International Business, 13e (Global Edition) (Daniels/Radebaugh/Sullivan) Chapter 4 The Economic Environment

1) The recent global economic crisis has led to which of the following? A) governments seeking to impose more constraints on capitalism B) governments seeking to eliminate constraints on capitalism C) governments seeking to increase the interdependence of developing economies D) governments seeking to eliminate the interdependence of developing economies

2) Income, purchasing power, market size, and market type are all key elements of a(n) ________. A) political environment
B) cultural environment
C) economic environment
D) legal environment

3) From the 1980s to the most recent global economic crisis, which of the following was the economic trend? A) governments intervening more in economic affairs
B) governments increasing the isolation of their nations' economies C) countries turning away from the principles and practices of free markets D) countries adopting the principles and practices of free markets

4) There is no universal scheme to assess the performance and potential of a country's economic environment due to three conditions. Which of the following is one of those conditions? A) the difficulty of identifying a definitive set of predictive economic indicators B) the static nature of the marketplace

C) the isolation of most markets from each other
D) the lack of reliable economic data from developed economies

5) Gross national income (GNI), the broadest measure of economic activity for a country, is defined as ________. A) the total of all consumption and investment that takes place in a national economy B) the income generated in one country, regardless of who owns the productive assets C) the total of all economic activity in one country less services, such as government administration, health services, and education D) the income generated by both total domestic production and the international production activities of national companies

6) In computing GNI, the value of a Ford car that is manufactured in Mexico using capital from the United States would ________. A) be added to the GNI of the United States as well as the GNI of Mexico B) not be added to the GNI of the United States but would be added to the GNI of Mexico C) only affect the computation of GDP and have no bearing on GNI D) be added to the GNI of the United States but not the GNI of Mexico

7) The measure of the value of production that occurs within a country's borders without regard to whether the production is done by domestic or foreign factors of production is commonly referred to as the ________. A) net national product (NNP) B) gross national product (GNP) C) gross domestic product (GDP) D) gross national income (GNI) Answer: C

8) To determine whether the standard of living within a country is rising or falling, economists would most likely use which of the following measures? A) per capita GNI
B) GNI growth rate
C) purchasing power parity (PPP) D) degree of human development

9) Some argue that gross national income, and its expression in terms of per capita, growth rate, or PPP refinements, focuses too much on ________, thereby only partially representing the scale and scope of a country's level of development. A) regional differences

B) monetary indicators
C) market demographics
D) cultural factors

10) The United Nations' ________ measures life expectancy, educational attainment, and the standard of living in a given country. A) Human Development Index
B) Gross National Happiness
C) Genuine Progress Indicator
D) Happy Planet Index

11) The Human Development Index measures the average achievements in a country on three basic dimensions of human development, including ________. A) promotion of cultural values
B) quantity of free time
C) extent of knowledge
D) preservation of the natural...
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