University of North Carolina, Greensboro

MGT 301

Chapter Four

1)We can use estimates of gross product per capita at purchasing power parity to see what a currency can actually buy in real terms.

2. Local content requirements are one form of political risk.

3. Macro political risk threatens companies within a particular industry or even smaller groups.

4. Treaties concluded among several nations are called multilateral agreements.

5. One of the key obstacles faced by countries in economic transition is the lack of managerial expertise.

6. A final question that Stephanie anticipates concerns the acceptability of certain topics of discussion. Participants might ask: "Should we avoid discussing our families and spouses?" Which of the following represents the most effective response to this question?

7. Political instability in the form of intensified nationalism potentially threatens Russia's progress toward economic transition.

8. The United Nations' human development index (HDI) measures the extent to which a government equitably provides its people with a long and healthy life, an education, and a decent standard of living.

9. Volunteer work and unpaid household work are both counted in GNP and GDP.

10. One way in which goods and services flow through shadow economies is through barter.