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Global Business Today, 12e Charles Hill (Solution Manual)
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Global Business Today, 12e Charles Hill(Solution Manual)
What is a major global concern, especially to international organizations such as IMF, World Bank, WTO -
---ASNWERS----Nationalist o protectionist policies that curtail world trade
The dawn of globalization can be traced back to the____ century - ---ASNWERS----15th
What encompasses the socio-economic reform process of eliminating trade, investment, cultural,
information technology, and political barriers across countries, which could lead to increased economic
growth and geo-political integration and interdependence among nations of the world - ---ASNWERS----
Globalization
______ refers to a fundamental global shift in which developing economies that were once dependent
upon industrialized countries for economic advancement, begin to solidly grow based on their own
underlying economic strenghts - ---ASNWERS----Decoupling
The global system of exchange rates and international payments that enables countries and their citizens
to buy goods and services from each other is known as_______ - ---ASNWERS----International Monetary
Fund
What is NOT a developmental institution closely associated with the World Bank? - ---ASNWERS----OEDC
The International Development Association performs what? - ---ASNWERS----Provides long-term low-
interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds
provided by rich nation members
,Economic policy changes that promote private sector development, competitive markets, market-pricing,
freer trade, and deregulation is (are) called economic __________ - ---ASNWERS----Reforms
The WTO is based in_______ - ---ASNWERS----Geneva, Switzerland
The International Finance Corporation performs what functions? - ---ASNWERS----Provide loans and take
equity position in private companies of developing countries and works toward developing capital
markets in those economies
A stock exchange where long-term financial instruments such as stocks and bones can be bought and
sold is called __________ - ---ASNWERS----Capital market
A cashier who places a customer's change on the counter so that he/she may verify the amount of
change best demonstrates what? - ---ASNWERS----Transparency
Joseph was born in 1993. He grew up accessing the Internet via many types of wireless devices and now
uses the Internet for Skype and to buy book sand download video games. Joseph is a member of the
________ generation - ---ASNWERS----Digital
The period of transformation that adjusts lifestyles to make the Internet and wireless technologies part
of everyday life is called __________ - ---ASNWERS----The digital era
Economic development that meets the needs of the present generation without compromising the
ability of future generation to meet their own needs, whether environmentally, socially, or economically
is referred to as ____________ development - ---ASNWERS----Sustainable
All commercial transactions, both private and public between nations of the world, are referred to as
__________ - ---ASNWERS----International business
The earliest and simplest form of international business is _______ - ---ASNWERS----Trade
What is NOT listed in the text as a benefit to consumers of international trade - ---ASNWERS----Increased
cooperation among countries of the world
,What is identified as a high income country? - ---ASNWERS----Belgium
_____ is a theory of international trade that supports the premise that a nation could only gain from
trade if it had a trade surplus - ---ASNWERS----Mercantilism
Porter identified two crucial variables outside the diamond the play an important role in the
competitiveness of nations: chance and ______ - ---ASNWERS----Government
When the value of exports exceeds the value of imports in a country, it is called _______ - ---ASNWERS---
-Trade surplus
_____ refers to an external shock or development that could drastically change or hasten the course of
economic development - ---ASNWERS----Chance
If a car dealer in the United Statues imports a $50,000 BMW from Germany, the 2.5% tariff or $1,250
that the dealer must pay the U.S, government will be passed on to the customer. This is an example of a
_______ tariff - ---ASNWERS----Ad valorem
At the end of WWII, three major international organizations were established to accelerate trade and
economic growth among countries of the world. They are: the IMF, World bank, and - ---ASNWERS----
GATT
Import quotas are also known as _____ - ---ASNWERS----Quantitative restrictions
By 2014, _____ nations had become members of the WTO - ---ASNWERS----160
Suppose Bangladesh government recently passed regulations requiring a certain percentage of the value
of import be sourced domestically. This regulation would be known as ________ - ---ASNWERS----
Domestic content provision
, An agreement in which an exporter of goods or services to another country commits to import goods or
services of corresponding value from the country is referred to as ___________ - ---ASNWERS----
Countertrade
What is NOT in the socio-economic category of managed trade? - ---ASNWERS----Embargoes
_______ includes a multitude of economic and/or political steps that may be taken by number states of a
union to increase their global competitiveness, including preferential trade access - ---ASNWERS----
Regional integration
For region integration to be successful, member countries need to undertake - ---ASNWERS----Spatial
transformations
According to the text, what is the first step to regional integration? - ---ASNWERS----Free trade area
The study of principles that govern the efficient spatial allocation of economic resources and the
resulting consequences is referred to as __________ - ---ASNWERS----Economic geography
If three countries: A, B, C are attempting regional integration, the appropriate approach for these
countries should involve what fundamental? - ---ASNWERS----Compensate the least fortunate
According to the text, what is NOT a region with small markets located far from the world markets? - ---
ASNWERS----Iran
As of now, the fate of the EU candidate country ___________ is still uncertain, a case which has been
highly controversial - ---ASNWERS----Turkey
According to the text, all are EU member states EXCEPT - ---ASNWERS----Ukraine
NAFTA is comprehensive free trade agreement among Canada, United States, and _____ - ---ASNWERS---
-Mexico
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