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GB Final T/F Part 1
Test Description: 1-20
Instructions: Answer all questions to get your test result.
1) When consumers in the United States buy products made in Poland, they are buying imported goods.
A
True
B
False
2) Expanded international business activities make different types of jobs available for workers
A
True
B
False
3) Culture refers to the type of government of a country
A
False
B
True
4) The availability of natural resources affects the economic conditions of a country
A
True
B
False
5) An industry that undergoes privatization is changed from private ownership to government ownership
A
False
B
True
6) Continually rising prices are one sign of a healthy economy
A
False
B
True
7) The first step of the decision making process is to evaluate the alternatives
A
True
B
False
8) One aspect of mobility is the willingness to relocate to another location for better employment
A
False
B
True
9) The U.S. government restricts the number of textiles that can be imported from China every year. This is an example of an import quota.
A
True
B
False
10) Democratic societies do not usually have a market economy
A
False
B
True
11) A multinational enterprise in a host country must operate within the host country's economic, social, and legal contraints
A
False
B
True
12) An outbreak of civil war within a country is an example of a political risk.
A
False
B
True
13) A free-trade agreement between two companies results in increased trade between the countries because barriers to trade are removed.
A
True
B
False
14) Multinational companies only pay taxes to the government in their home countries
A
True
B
False
15) A trade deficit is created by a favorable balance of payments
A
False
B
True
16) When food products are exported, they can usually be standardized for most countries
A
True
B
False
17) An unfavorable balance of payments will usually result in a decline in the value of a nation's currency
A
True
B
False
18) The International Monetary Fund sets the exchange rate for currencies in different countries
A
True
B
False
19) Usually when a country experiences high foreign demand for its products the demand results in a strong currency for the country because its manufacturers want to be paid in their own currency
A
True
B
False
20) The World Intellectual Property Organization (WIPO) coordinates international treaties to protect patents, trademarks, and other intellectual property
A
True
B
False
*select an answer for all questions
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