BUSMHR 2000 Exam 1 questions with correct answers
Grossman and Krueger's study revealed the relationship between pollution levels and income. Which pollutant was the exception to their study?
nitrous oxide
sulfur dioxide
lead
carbon dioxide
hydrogen
When considering globalization, what is co...
1). Grossman and krueger's study revealed the relationship between pollution levels and
income. which pollutant was the exception to their study?
nitrous oxide
sulfur dioxide
lead
carbon dioxide
hydrogen
Ans: carbon dioxide
2). When considering globalization, what is considered the single most important innovation
since world war ii?
higher education
transcontinental air transport
the telephone
the microprocessor
cross-country railway systems
Ans: the microprocessor
3). Which of these companies exemplifies the globalization of markets?
the clothes of sea shell fashions, a u.s.-based company, are hand-sewn by workers in india.
the accounts of a u.k.-based finance company are maintained and managed by an
accounting firm in the czech republic.
fluffy pillows, a u.s.-based pillow company, sells the same pillows worldwide.
iconic industries inc., a u.s. energy company, has generated capital from investors all over
the world.
wine producer violet wines procures high-quality grapes from neighboring countries.
Ans: Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide
4). Technology is indicated as having a major impact on the declining share of national income
enjoyed by labor. if this is the case, what is a logical solution to this problem?
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, increasing society's investment in education
restricting exports of jobs
restricting access to technology
decreasing the wage rates of skilled workers
increasing the supply of unskilled workers
Ans: increasing society's investment in education
5). Which institution was established as a result of the uruguay round of gatt?
united nations
world bank
international monetary fund
world trade organization
group of twenty
Ans: World Trade Organization
6). What occurs according to moore's law?
the power of microprocessor technology doubles and its cost of production falls in half
every 18 months.
the demand for microprocessor technology falls in half every 18 months.
the demand for microprocessors continues to rise, while their supply falls.
the price of microprocessors continues to fall, while their cost of production increases.
the cost of microprocessors increases as their power increases.
Ans: The power of microprocessor technology doubles and its cost of production falls
in half every 18 months
7). Canadian company yummy snacks exports a number of products to consumers in peru,
chile, and argentina. according to this information, yummy snacks is most likely involved in
international trade.
outsourcing.
foreign direct investment.
globalization of production.
trade protectionism.
Ans: international trade.
8). What was the motivation for non-u.s. firms to begin investing across national borders in the
1970s?
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, desire to disperse production activities to optimal locations
host of investment opportunities in foreign nations
shift toward a more integrated and interdependent global economy
rise in barriers to trade and foreign direct investments
limits imposed by government intervention in international trade
Ans: desire to disperse production activities to optimal locations
9). Gigantic games., a u.s.-based company that specializes in strategy-based board games, has
production facilities in poland and spain. based on this information, gigantic games can be
classified as what type of enterprise?
local
multinational
private
public
semipublic
Ans: multinational
10). One cost-cutting measure used by garr tool corp. is sourcing the parts it uses from
companies in germany, ireland, and canada that are more economical than home-country
sources. the choice to use these sources is an example of the
emergence of global institutions.
regulation of the environment.
globalization of production.
globalization of markets.
company's social responsibility.
Ans: globalization of production. Correct
11). Economist robert reich advocates that the outsourcing of productive activities to different
suppliers results in the creation of
unlimited costs.
global products.
national tensions.
a single currency.
a global legal system.
Ans: global products.
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