Multiple Choice Difficulty: 1 Easy
Privatization is often seen as a cure for bureaucratic inefficiency and waste; some economists estimate that privatization
improves efficiency and reduces operating costs by as much as
5 percent.
10 percent.
15 percent.
20 percent.
References
Multiple Choice Difficulty: 1 Easy
The World Trade Organization, WTO,
has the power to enforce the rules of international trade.
covers agriculture and physical goods, but not services or intellectual property rights.
recently expelled China for human rights violations.
ruled that NAFTA is to be the model for world trade integration.
References
Multiple Choice Difficulty: 1 Easy
43.
Award: 1.00 point
44.
Award: 1.00 point
45.
Award: 1.00 point
In November 2018, three member countries of NAFTA signed a new accord called the
US-Mexico-Canada-Agreement
New NAFTA Agreement
North American Agreement
none of the above
References
Multiple Choice Difficulty: 1 Easy
In March 2018, a free trade area was created among 11 Pacific Rim Countries including”
Australia, Brunei, and Canada
Chile, Japan, and Malaysia
Mexico, New Zealand, Peru, Singapore, and Vietnam
all of the above
References
Multiple Choice Difficulty: 1 Easy
Privatization
has spurred a tremendous increase in cross-border investment.
has allowed many governments to have the funds to nationalize important industries.
has guaranteed that new ownership will be limited to the local citizens.
has generally decreased the efficiency of the enterprise.
References
Multiple Choice Difficulty: 1 Easy
46.
Award: 1.00 point
47.
Award: 1.00 point
48.
Award: 1.00 point
The theory of comparative advantage
claims that economic well-being is enhanced if each country's citizens produce only a single product.
claims that economic well-being is enhanced when all countries compare commodity prices after adjusting for
exchange rate differences in order to standardize the prices charged all countries.
claims that economic well-being is enhanced if each country's citizens produce that which they have a
comparative advantage in producing relative to the citizens of other countries, and then trade production.
claims that no country has an absolute advantage over another country in the production of any good or service.
References
Multiple Choice Difficulty: 1 Easy
Negotiation of the terms of Brexit with the EU include which of the following key agreements?
a customs union between the UK and the EU should be in place until an alternative long-term relationship can be
established
an end to free movement of people
no hard border between Northern Ireland and the Republic of Ireland
all of the above
References
Multiple Choice Difficulty: 1 Easy
Brexit has some serious difficulties associated with free trade and global integration that espouses
free movements of goods, services, capital and people across countries.
free movements of goods and services only.
free movments of capital and people across countries.
none of the above
References
Multiple Choice Difficulty: 1 Easy
49.
Award: 1.00 point
50.
Award: 1.00 point
51.
Award: 1.00 point
A multinational firm can be defined as a firm that
invests short-term cash inflows in more than one currency.
has sales affiliates in several countries.
is incorporated in more than one country.
incorporated in one country and has production and sales operations in several other countries.
References
Multiple Choice Difficulty: 1 Easy
An MNC may gain from its global presence by
spreading R&D expenditures and advertising costs over their global sales.
pooling global purchasing power over suppliers.
utilizing their technological and managerial know-how globally with minimum additional costs.
all of the options
References
Multiple Choice Difficulty: 1 Easy
MNCs can use their global presence to
take advantage of underpriced labor services available in certain developing countries.
gain access to special R&D capabilities residing in advanced foreign counties.
boost profit margins and create shareholder value.
all of the options
References
Multiple Choice Difficulty: 1 Easy