International Economics Quiz

International Business, 6e (Wild/Wild)
Chapter 1 Globalization

1) International business is any commercial transaction that crosses the borders of two or more nations.
Answer: TRUE
Diff: 1 Page Ref: 4
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO1

2) Imports are goods and services purchased abroad and brought into a country.
Answer: TRUE
Diff: 1 Page Ref: 4
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO1

3) Products marketed in all countries essentially without any changes are known as sourced products.
Answer: FALSE
Diff: 3 Page Ref: 6
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO1

4) The term globalization
Answer: FALSE
Diff: 2 Page Ref: 10
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO2

11) A country's GDP per capita is its GDP divided by its population.
Answer: TRUE
Diff: 2 Page Ref: 10
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO2

12) Extranets give distributors and suppliers access to a company's online database to place orders electronically.
Answer: TRUE
Diff: 2 Page Ref: 11
AACSB: Communication abilities; Dynamics of the global economy; Use of information technology
Skill: Concept
Objective: Chapter 1-LO2

13) One commonality among the world's least-global nations is low levels of corruption.
Answer: FALSE
Diff: 2 Page Ref: 14
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO2

14) The role of the World Bank is to provide financing for national economic development efforts.
Answer: TRUE
Diff: 2 Page Ref: 16
AACSB: Dynamics of the global economy
Skill:
Answer: FALSE
Diff: 1 Page Ref: 25
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO4

28) Some businesses can become completely immune to events in the international business environment.
Answer: FALSE
Diff: 2 Page Ref: 26
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO5

29) The world today is experiencing a trend toward more porous national boundaries.
Answer: TRUE
Diff: 1 Page Ref: 26
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO5

30) It is rare for a business to search for production bases and markets at the same time.
Answer: FALSE
Diff: 2 Page Ref: 27
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO5

31) All goods and services purchased abroad and brought into a country are called ________.
A) domestic products
B) exports
C) national products
D) imports
Answer: D
Diff: 1 Page Ref: 4
AACSB: Dynamics of the global economy
Skill: Concept
Objective: Chapter 1-LO1

32) Any commercial transaction that crosses the borders of two or more nations is known as ________.
A) an export
B)