41 Free Test Bank for International Business 10th Edition by Hill 

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_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

•  A. Keynes's Law
•  B. Say's Law
•  C. Moore's Law
•  D. Sullivan Principles

The General Agreement on Tariffs and Trade (GATT) was responsible for ____.

•  A. protecting government owned enterprises
•  B. policing the global marketplace
•  C. limiting nuclear testing
•  D. promoting environment friendly technology

Which of the following is true about the International Monetary Fund?

•  A. It is primarily responsible for policing the world trading system.
•  B. It is seen as the lender of last resort to nation-states whose economies are in turmoil.
•  C. It is responsible for establishing multinational treaties to govern the global business system.
•  D. It was established to formulate a coordinated policy response to financial crises in developing nations.

Which of the following countries has been the largest recipient of foreign direct investment and received about $60 billion to $100 billion a year in inflows in 2004-2009?

•  A. Brazil
•  B. Russia
•  C. India
•  D. China

A study published in 2011 by the OECD noted that:

•  A. the real household income of the unskilled workers in the U.S. increased more in comparison to that of the skilled workers.
•  B. in almost all countries real income levels declined over the 20-year period studied.
•  C. falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth.
•  D. the gap between the poorest and richest segments of society in some OECD countries had widened.

Containerization allows:

•  A. reduction of the time needed to get from one location to another.
•  B. simplification of transshipment from one mode of transport to another.
•  C. buyers and sellers to find each other easily.
•  D. enterprises to coordinate and control a globally dispersed production system.

In the 1970s, many Japanese firms invested in North America and Europe:

•  A. to avoid a highly competitive domestic market.
•  B. to exploit high domestic tariff barriers.
•  C. as a hedge against unfavorable currency movements.
•  D. to take advantage of low labor costs.

What is the total cumulative value of foreign investments best referred to as?

•  A. Accumulation of foreign shares
•  B. Portfolio investments
•  C. Stock of foreign direct investments
•  D. Stock market investments

Which of the following is NOT included in world merchandise trade?

•  A. Manufactured goods
•  B. Agricultural goods
•  C. Services
•  D. Mining products

Which of the following is a consequence of globalization?

•  A. Decreasing interdependence between national economies
•  B. Increasing outsourcing of services
•  C. Differentiation of material culture
•  D. Increase in barriers to cross-border trade

Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?

•  A. Firms are dispersing parts of their production process to global locations to drive down production costs and increase product quality.
•  B. The economies of the world's nation states are becoming more intertwined.
•  C. Nations are becoming more independent of each other for important goods and services.
•  D. The world has become significantly wealthier since 1950.

In the last two decades, Latin American countries like Brazil, Mexico, and Chile have ____.

•  A. embraced communist principles
•  B. promoted government ownership of enterprises
•  C. experienced increasing debt and inflation
•  D. welcomed foreign investment

Which of the following is a risk associated with globalization?

•  A. Restrictions on competition
•  B. Global financial contagion
•  C. Excessive market regulation
•  D. Differentiation of markets

The G20 was originally established to ____.

•  A. preserve peace through international cooperation and collective security
•  B. maintain order in the international monetary system
•  C. formulate a coordinated policy response to financial crises in developing nations
•  D. manage, regulate, and police the global marketplace

The _____ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.

•  A. World Trade Organization
•  B. United Nations
•  C. G20
•  D. World Bank

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

•  A. a slowdown in global economic activity.
•  B. the increasing share of the U.S. in the total FDI stock.
•  C. the decline in cross-border flows of foreign direct investment.
•  D. the increasing internationalization of business corporations.

The World Trade Organization promotes ____.

•  A. lowering of barriers to cross-border trade and investment
•  B. infrastructural development in poor nations through low-interest loans
•  C. state ownership of major enterprises
•  D. regulation of national economies