GB Final T/F Part 1: Question Preview (ID: 24403)


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The availability of natural resources affects the economic conditions of a country
a) True b) False c) d)
Culture refers to the type of government of a country
a) False b) True c) d)
Expanded international business activities make different types of jobs available for workers
a) True b) False c) d)
When consumers in the United States buy products made in Poland, they are buying imported goods.
a) True b) False c) d)
An industry that undergoes privatization is changed from private ownership to government ownership
a) False b) True c) d)
Continually rising prices are one sign of a healthy economy
a) False b) True c) d)
The first step of the decision making process is to evaluate the alternatives
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)
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 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)
An outbreak of civil war within a country is an example of a political risk.
a) True b) False c) d)
A free-trade agreement between two companies results in increased trade between the countries because barriers to trade are removed.
a) True b) False c) d)
Multinational companies only pay taxes to the government in their home countries
a) True b) False c) d)
A trade deficit is created by a favorable balance of payments
a) True b) False c) d)
When food products are exported, they can usually be standardized for most countries
a) False b) True c) d)
An unfavorable balance of payments will usually result in a decline in the value of a nation's currency
a) True b) False c) d)
The International Monetary Fund sets the exchange rate for currencies in different countries
a) False b) True c) d)
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 c) d)
The World Intellectual Property Organization (WIPO) coordinates international treaties to protect patents, trademarks, and other intellectual property
a) True b) False c) d)
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