International Business: The New Realities 5th edition by S Tamer Cavusgil test bank

Objective:  1-5: Appreciate why you should study international business

AACSB:  Analytical Thinking

 

73) Which of the following, if TRUE, would most strongly support the claim that national prosperity is increased by participation in international business?

A) Countries that participate in international trade have higher GDP per capita than non-participating countries.

B) Individuals in advanced economies tend to set purchasing trends for consumers worldwide.

C) For most countries, levels of international trade have increased significantly in recent decades.

D) National literacy levels are strongly correlated with a country's degree of political freedom.

Answer:  A

Diff:  3: Hard

Skill:  Critical Thinking

Objective:  1-5: Appreciate why you should study international business

AACSB:  Analytical Thinking

 

 

74) Since the 1980s, emerging market countries have experienced substantial market liberalization and privatization.

Answer:  TRUE

Diff:  1: Easy

Skill:  Concept

Objective:  1-5: Appreciate why you should study international business

AACSB:  Analytical Thinking

 

75) Firms that do not export tend to create jobs more quickly than do exporting firms.

Answer:  FALSE

Diff:  1: Easy

Skill:  Concept

Objective:  1-5: Appreciate why you should study international business

AACSB:  Analytical Thinking