Quiz Bank

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Question 1 of 20     Score: 1   (of possible 1 point) The largest economy in the European Union is
 | A.| Italy.|
 | B.| the United Kingdom.|
| C.| Germany.|
 | D.| Spain.|
 | E.| France.|
 Answer Key: C
Question 2 of 20     Score: 1   (of possible 1 point) Prime Minister Rao initiated market-opening reforms in India in  | A.| 1971.|
 | B.| 1981.|
| C.| 1991.|
 | D.| 2001.|
 | E.| 2011.|
 Answer Key: C
Question 3 of 20     Score: 1   (of possible 1 point) Seizing a foreign company without compensation is, most precisely,  | A.| nationalization.|
 | B.| expropriation.|
| C.| confiscation.|
 | D.| repatriation.|
 Answer Key: C
Question 4 of 20     (worth 1 point)
In 1950 merchandise trade accounted for about _____ percent of the total GDP of the world’s nations. | A.| one|
| B.| five|
| C.| fifteen|
| D.| twenty-five|
| E.| fifty|
Question 5 of 20     (worth 1 point)
In Thomas Friedman’s book The Lexus and the Olive Tree (2000), the Lexus represents | A.| modern technology.|
| B.| the speed of globalization.|
| C.| homogeneity of aspirations and points of view resulting from globalization.| | D.| product differentiation resulting from trade.|
| E.| high quality resulting from the globalization of technology.| Question 6 of 20     Score: 1   (of possible 1 point) The Japanese sogo shosha are
 | A.| provinces.|
 | B.| interrelated companies.|
 | C.| traditional farms.|
 | D.| managers.|
| E.| export trading companies.|
 Answer Key: E
Question 7 of 20     (worth 1 point)
In Thomas Friedman’s book The Lexus and the Olive Tree (2000), Friedman says that the ultimate “olive tree” is | A.| the nation-state.|
| B.| natural resources.|
| C.| well-rooted peace.|
| D.| globalization that respects the environment.|
| E.| investment that benefits future generations.|
Question 8 of 20     Score: 1   (of possible 1 point) A firm with a name followed by AG or KGaA could well be _____. A firm with a name followed by PLC or Ltd could well be _____.  | A.| Japanese … French|

 | B.| French … Japanese|
| C.| German … British|
 | D.| British … German|
 | E.| Chinese … Brazilian|
 Answer Key: C
Question 9 of 20     (worth 1 point)
Today foreign direct investment equals about _____ percent of the total GDP of the world’s nations. | A.| two|
| B.| ten|
| C.| twenty-five|
| D.| fifty|
| E.| one hundred|
Question 10 of 20     Score: 1   (of possible 1 point) The overwhelming majority of the residents of Brazil speak
 | A.| English.|
 | B.| French.|
 | C.| Spanish.|
| D.| Portuguese.|
 | E.| Brazilian.|
 Answer Key: D
Question 11 of 20     Score: 1   (of possible 1 point) Spain _____ the euro. Italy _____ the euro.
| A.| uses … uses|
 | B.| uses … does not use|
 | C.| does not use … uses|
 | D.| does not use … does not use|
 Answer Key: A
Question 12 of 20     (worth 1 point)
For much of the post-World War II period, the majority of South American countries followed _______ policies advocated by economists such as Raúl Prebisch, Hans Singer, and Celso Furtado. | A.| import substitution|

| B.| free trade|
| C.| comparative advantage|
| D.| export promotion|
| E.| Washington consensus|
Question 13 of 20     Score: 1   (of possible 1 point) Rome and then France were majors sources of _____ law, based heavily on ______.  | A.| civil … an accumulation of case law|
| B.| civil … a detailed codification|
 | C.| common … an accumulation of case law|
 | D.| common … a detailed codification|
 Answer Key: B
Question 14 of 20     (worth 1 point)
Ownership risk, operating risk, and transfer risk are listed in the text under the heading | A.| accounting risk.|
| B.| business risk.|
| C.| economic risk.|
| D.| political risk.|...
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