GB Unit 1 Review T/F: Question Preview (ID: 23325)


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As a country expands its international trade activities, the choice of goods available to consumers in that country usually decreases
a) False b) True c) d)
Culture refers to the type of government of a country
a) False b) True c) d)
International business can help to improve political relations among countries
a) True b) False c) d)
Literacy level is an important measure of a country's level of economic development because better-educated citizens can usually produce more goods and services of high quality
a) True b) False c) d)
A country with a large agricultural base is usually more economically developed than one with a large manufacturing base.
a) False b) True c) d)
In market economies, most economic decisions are made by the government
a) False b) True c) d)
International trade usually reduces the product choices available to consumers
a) False b) True c) d)
One aspect of mobility is the willingness to relocate to another location for better employment
a) True b) False c) d)
In a high-context culture language is very direct and words are taken literally
a) False b) True c) d)
The meanings of body language are universal
a) False b) True c) d)
Technology is seen as a threat to the way of life by some cultural groups
a) True b) False c) d)
Reverse culture shock is a normal reaction to returning home after a lengthy stay abroad
a) True b) False c) d)
Religion has no influence on international business
a) False b) True c) d)
Democratic societies do not usually have a market economy
a) False b) True c) d)
A multinational enterprise in a host country must operate within the host country's economic, social, and legal contraints
a) True b) False c) d)
Multinational companies usually do not benefit the citizens of the host country
a) False b) True c) d)
An outbreak of civil war within a country is an example of political risk
a) True b) False c) d)
Import quotas are used to help protect domestic companies from foreign competition
a) True b) False c) d)
Customs duties are often assessed to make imported products more expensive than similar products produced locally
a) True b) False c) d)
The more taxes there are on a business, the higher the price, the business charges consumers for its products
a) True b) False c) d)
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