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Ball State University INTB 265 Ch

Business

Ball State University

INTB 265

Ch. 3

1)A country that has_is an unattractive choice for international business.

•             A large market size in terms of population

•             The presence of business contract law

•             A closed totalitarian dictatorship

•             Market-based economic policies

•             Strong protection of property rights

 

2.            ABC Company is hesitant about entering Ukraine, because the country has been experiencing social unrest in recent years. Based on this information, what type of risk is ABC Company trying to avoid?

•             Political

•             Economic

•             Ethical

•             Technological

•             Legal

 

3.            People in the West tend to associate a representative democracy with

•             A theocratic regime

•             A market economic system

•             Low level of life expectancy at birth

•             A command economic system

•             Weak property rights protection

 

4.            In 2017, the Brazilian government transferred the state ownership of the electric company, the airports, highways, and ports to private investors to stimulate the economy. This is an example of

 

•             Communism

•             Privatization

•             Socialism

•             Protectionism

•             Nationalization

 

5.            Julie asked her assistant to determine the gross national income of three different countries by evaluating the GNI against the cost of living in the United States. What measure is Julie asking her assistant to use?

•             Cash reserve ratio

•             Return on investment

•             Factor endowments

•             Gross domestic product

•             Purchasing power parity

 

6.            U.S.-based Centra Corporation is hesitant about entering into a licensing agreement with Fission, Inc., a company from another nation, due to the likelihood that Fission will break a contract or expropriate property rights. What specific type of risk is Centra Corporation trying to avoid?

•             Legal

•             Economic

•             Technological

•             Political

•             Ethical

 

7.            Economist Hernando de Soto believes that the benefits of capitalism will not be achieved until

•             There is a shift from individualism to collectivism

•             Property rights are better protected

•             A theocratic law system is in place

•             Totalitarian governments are more widespread

•             More nations adopt planned economies

 

8.            The spread of democracy among countries is most likely to lead to

•             A decline in privatization

•             The promotion of greater competition

•             The widespread use of centrally planned command economies

•             A decrease in innovation and entrepreneurship

•             A strong shift toward a mixed economy

 

9.            What is an accurate description of how the political economy of many of the world’s nation-states has changed radically since the late 1980s?

•             New communication technologies have increased countries' ability to control access to uncensored information.

•             There has been a move away from centrally planned and mixed economies and toward a more free market economic model.

 

•             Market-based economic systems have been replaced by command economies.

•             There has been a significant reduction of the middle class

•             Democratic governments have been replaced by totalitarian governments.

 

10.          The main reason that gross national income figures can be misleading is because they

•             are determined by individual governments instead of a national institution.

•             measure the total dollar amount of imports coming into a nation.

•             don’t consider differences in the cost of living.

•             are an adjustment of the purchasing power parity (PPP).

•             allow for a direct comparison of living standards in different countries.

 

11.          GNI figures are helpful in understanding an economy because they

•             Allow us to predict income growth in a nation

•             Allow us to predict economic growth rates

•             Help us understand whether a country is closing the gap in economic growth

•             Give a dynamic picture of development

•             Tell us how poor a country is relative to another

 

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