Question 1

Social dumping occurs when exporting producers

Accepted Answer

A)   have lower wage rates, social costs, and environmental regulations.
B)   allow for free migration, thereby exporting poverty.
C)   allow the import of environmentally sensitive waste.
D)   take knowing advantage of a social class system.E) A) and B)
F) A) and C)

Question 2

The sectors most frequently attacked by cyber criminals include

Accepted Answer

A)   defense, energy and utilities, and finance.
B)   retail.
C)   oil and gas.
D)   the auto industry.E) All of the above
F) B) and C)

Question 3

One motivation for government privatization is to

Accepted Answer

A)   have the businesses run more efficiently.
B)   punish corporate conglomerates.
C)   explore alternative revenues.
D)   exert increased government control.E) C) and D)
F) B) and C)

Question 4

When governments ____________ forms,they take them from private to public ownership.

Accepted Answer

nationalize
Explanat...

Question 5

Some nontariff barriers are difficult to discourage because

Accepted Answer

A)   they are non-quantitative and consist of government subsidies and standards.
B)   their development has been supported by local politicians.
C)   they build on nationalism and patriotism.
D)   their development has been unsupervised.E) B) and C)
F) A) and B)

Question 6

Government stability is a characteristic of a government that

Accepted Answer

A)   makes sudden radical policy changes.
B)   readily shifts alliances to maintain power.
C)   maintains predictability in fiscal, monetary, and political policies.
D)   maintains authoritarian rule over an extended period of time.E) None of the above
F) A) and C)

Question 7

Kidnap,ransom,and extortion are techniques often used by terrorists against which no insurance is available.

Accepted Answer

A) True 
 B)False

Question 8

Among the cybercrimes that most often target businesses are

Accepted Answer

A)   hacking and data espionage.
B)   check kiting.
C)   prospecting and phishing.
D)   accessing unauthorized accounts.E) A) and C)
F) None of the above

Question 9

Tariff barriers may be used to

Accepted Answer

A)   protect domestic industry from foreign, lower-cost producers.
B)   reduce the need for foreign workers.
C)   increase government revenues.
D)   protect borders from gray market goods.E) All of the above
F) A) and B)

Question 10

_____________________ is an assessment of a country's economic situation and politics to determine how much risk to employees,property,and investment exists for the firm doing business there.

Accepted Answer

Country risk assessm...

Question 11

Country risks can be responded to,in part,by

Accepted Answer

A)   employee training programs.
B)   a positive attitude and awareness of cultural differences.
C)   defensive posturing in most public settings.
D)   avoiding assignments in the country and using locals only.E) B) and C)
F) A) and B)

Question 12

With regard to cybercrime,_______________ technology is now the most vulnerable area.

Accepted Answer

mobile
Explanation: Many smart...

Question 13

The only reason firms are nationalized is to spread a socialist-communist ideology.

Accepted Answer

A) True 
 B)False

Question 14

Government stability refers to all but one of the following of a government:

Accepted Answer

A)   policies, that they endure over time.
B)   ability to keep itself in power.
C)   ability to hold to predictable fiscal, monetary, and political policies.
D)   ability to adjust to sudden changes by making radical policy changes.E) B) and C)
F) None of the above

Question 15

In centralized economies (China,Cuba,Vietnam) the government owns a large part of the factors of production

Accepted Answer

A)   and the governments of market economies also own businesses.
B)   unlike in market economies, where the private sector owns businesses.
C)   and free-trade capitalism offers an alternative, with no government-owned businesses.
D)   and these centralized economies avoid competition with free-traders.E) A) and C)
F) A) and D)

Question 16

Business likes __________ and predictability because they provide stability and safety for assets and people.

Accepted Answer

peace
Explanation: P...

Question 17

Barriers to trade

Accepted Answer

A)   are a political issue, but don't affect the cost of imports except marginally.
B)   cost consumers billions of dollars per year.
C)   save jobs in unprotected industries at $231,289 per job per year.
D)   None of these responses completes the phrase accurately.E) C) and D)
F) A) and B)

Question 18

Nontariff barriers that are not quantitative can be divided into two groups,those established by the government participation in trade and those that are administrative.

Accepted Answer

A) True 
 B)False

Question 19

When governments nationalize a firm,they don't seek to

Accepted Answer

A)   extract more money from the firm.
B)   increase the firm's profitability.
C)   preserve jobs.
D)   sell the firm to foreign investors.E) B) and D)
F) A) and B)

Question 20

When the U.S.military contracts out security details in war zones,it is engaged in privatization.

Accepted Answer

A) True 
 B)False

Exam 5: Political Forces That Affect Global Trade

Nontariff barriers that are not quantitative can be divided into two groups,those established by the government participation in trade and those that are administrative.

Correct AnswerverifiedShow Answer

Government stability is a characteristic of a government that

Correct AnswerverifiedShow Answer

Social dumping occurs when exporting producers

Correct AnswerverifiedShow Answer

Business likes __________ and predictability because they provide stability and safety for assets and people.

Correct AnswerverifiedpeaceExplanation: P...View AnswerShow Answer

When governments ____________ forms,they take them from private to public ownership.

Correct AnswerverifiednationalizeExplanat...View AnswerShow Answer

The only reason firms are nationalized is to spread a socialist-communist ideology.

Correct AnswerverifiedShow Answer

Tariff barriers may be used to

Correct AnswerverifiedShow Answer

_____________________ is an assessment of a country's economic situation and politics to determine how much risk to employees,property,and investment exists for the firm doing business there.

Correct AnswerverifiedCountry risk assessm...View AnswerShow Answer

Kidnap,ransom,and extortion are techniques often used by terrorists against which no insurance is available.

Correct AnswerverifiedShow Answer

One motivation for government privatization is to

Correct AnswerverifiedShow Answer

Government stability refers to all but one of the following of a government:

Correct AnswerverifiedShow Answer

With regard to cybercrime,_______________ technology is now the most vulnerable area.

Correct AnswerverifiedmobileExplanation: Many smart...View AnswerShow Answer

When the U.S.military contracts out security details in war zones,it is engaged in privatization.

Correct AnswerverifiedShow Answer

Some nontariff barriers are difficult to discourage because

Correct AnswerverifiedShow Answer

Among the cybercrimes that most often target businesses are

Correct AnswerverifiedShow Answer

Barriers to trade

Correct AnswerverifiedShow Answer

When governments nationalize a firm,they don't seek to

Correct AnswerverifiedShow Answer

Country risks can be responded to,in part,by

Correct AnswerverifiedShow Answer

In centralized economies (China,Cuba,Vietnam) the government owns a large part of the factors of production

Correct AnswerverifiedShow Answer

The sectors most frequently attacked by cyber criminals include

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
peace
Explanation: P...
View Answer

Correct Answer
verified
nationalize
Explanat...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Country risk assessm...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
mobile
Explanation: Many smart...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified