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C211 Second OA Quizzes (Global Economics Quizzes CH. 1,2,5,6,7,10,11,CH.4,5,13-17,21,29,34.)
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C211 Second OA Quizzes (Global Economics Quizzes CH. 1,2,5,6,7,10,11,CH.4,5,13-17,21,29,34.)
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C211 SECOND OAC211 Second OA Quizzes (Global Economics Quizzes
CH. 1,2,5,6,7,10,11,CH.4,5,13-17,21,29,34.)
The term "emerging economies" has replaced the term _____. - ✔✔✔ - Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____. -
✔✔✔ - gross national product
More than 25% of global GDP comes from _____. - ✔✔✔ - BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - ✔✔✔ - North America,
Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ✔✔✔ - less
than $2,000
Which of the following would be an example of a top down innovation? - ✔✔✔ - Lowering
prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - ✔✔✔ - It only has 19 member
countries.
Which of the following does the institution-based view of global business lay emphasis on? -
✔✔✔ - Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global
business in that the resource-based view _____. - ✔✔✔ - focuses on the internal strengths on
the firm
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The liability of foreignness is the inherent disadvantage faced by _____. - ✔✔✔ - foreign firms in
host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective? -
✔✔✔ - It is a western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not
high enough to completely insulate countries from each other. - ✔✔✔ - Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as
_____. - ✔✔✔ - Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. -
✔✔✔ - Shrinking
A conversion that determines the equivalent amount of goods and services that different
currencies can buy is known as _____. - ✔✔✔ - purchasing power parity
Which of the following countries would be characterized as an emerging economy? - ✔✔✔ -
Brazil
Which of the following countries is represented in the Triad of the global economic pyramid? -
✔✔✔ - Japan
People who earn _____ a year comprise the base of the global economic pyramid. - ✔✔✔ - less
than $2,000
C211 SECOND OA Page 2
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A _____ is defined as an innovation that is adopted first in emerging economies and then
diffused around the world. - ✔✔✔ - reverse innovation
The _____ view suggests that the success and failure of firms are largely determined by their
environments. - ✔✔✔ - institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome its
external environment. - ✔✔✔ - resource-based
Which of the following is true of globalization according to the "pendulum view" perspective? -
✔✔✔ - Globalization is a not a one-directional phenomenon
The concept of _____ suggests that barriers to market integration at borders are high, but not
high enough to completely insulate countries from each other. - ✔✔✔ - semiglobalization
_____ is the strategy of treating the entire world as one market. - ✔✔✔ - Standardization
Protectionism is similar to mercantilism as they both advocated _____. - ✔✔✔ - government
involvement in international trade
The _____ principle advocated that governments should actively protect domestic industries from
imports and vigorously promote exports. - ✔✔✔ - Protectionism
Which of the following is a modern trade theory? - ✔✔✔ - National competitive advantage
C211 SECOND OA Page 3
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