Stage 1 b + e quiz globalisation
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Pre-Assessment Quiz for teaching the topic of Globalisation & MNCs. The idea of this quiz is an informal fun way of building a positive relationship with your students in addition to gaining an understanding of how much they know about the topic to be taught. Resources needed: Powerpoint, Computer, Projector, Four Flash cards A, B, C, D Instructions: Students to initially do the quiz individually. Given 5-10 minutes. Collect these once completed. Next group students into teams of four or five, each group is to have 4 students, each student has a role, Student 1: Facilitator/Manager, Student 2: Secretary (Scribe), Student 3: PR (student who represents the group decision via the flash cards). Students are given 4 flash cards, titled A, B, C, D. These cards are used to communicate their collective answer. Teacher can award chocolate bars or lollies as the quiz progresses or at the end.
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Sample Macro Questions
Multiple Choice (Select the best option available.)
1..
In the factor market, households
(a)
sell resources.
(b)
buy resources.
(c)
are neither buyers nor sellers of resources.
(d)
are both buyers and sellers of resources.
2.
GDP does not include
(a)
business investment.
(b)
overseas production of U.S. subsidiaries.
(c)
net exports.
(d)
consumption expenditures.
3.
Official unemployment rates may underestimate the true rate of unemployment because the
official rate
(a)
includes those workers who only work part time.
(b)
may include some individuals who are not actually in the labor force.
(c)
does not include individuals receiving any type of unemployment compensation.
(d)
fails to include discouraged workers.
4.
If the U.S. economy enters a recessionary phase, the
(a)
economy experiences full employment.
(b)
unemployment rate will increase.
(c)
entire population will be unemployed.
(d)
entire population will be partially unemployed.
5.
The circular flow diagram shows
(a)
goods, services, and money payments flowing in the same direction.
(b)
goods and money payments flowing in one direction and services flowing in the opposite direction.
(c)
goods and services flowing in one direction and money payments in the other direction.
(d)
goods flowing in one direction and services and money payments flowing in the other direction.
6.
GDP measures
(a)
the total value of labor used in the economy.
(b)
the total market value of final goods and services produced within a nation’s borders.
(c)
the total income received by residents of a nation.
(d)
the total worth of all goods consumed within the borders of a nation.
7.
A price index shows
(a)
the current cost of a basket of goods.
(b)
the relative price of necessities.
(c)
the price of goods in the future.
(d)
the cost of today’s goods expressed in terms of the cost of goods in a base year.
8. A public good is:
(a) a good or service for which it is relatively easy to exclude nonpaying customers from consumption.
(b) a good or service which is consumed by both the paying and nonpaying customers.
(c) any good or service which is produced by the government.
(d) a good or service which is consumed by private individuals and financed by private contributions.
9.
The sum of all planned expenditures for the entire economy at each possible price level is
(a)
aggregate supply.
(b)
effective demand.
(c)
aggregate demand.
(d)
actual expenditures by consumers.
10.
Suppose the total value of all assets in the United States is $10 trillion. In 2006, the total value of all final services produced in the United States was $100 billion, the total value of all final goods produced in the United States was $300 billion, and the total value of all final goods and services produced by American firms in other countries was $100 billion. In this situation, gross domestic product for 2006 was
(a)
$600 billion.
(b)
$500 billion.
(c)
$400 billion.
(d).
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Refer to the information provided in Figure 2.4 below to answer the .docx
Refer to the information provided in Figure 2.4 below to answer the questions that follow.
Figure 2.4
Refer to the information provided in Figure 2.5 below to answer the questions that follow.
1) production is the process by which
a) products are used by consumers.
b) resources are transformed into useful forms.
c) products are converted into capital.
d) resources are allocated and distributed.
.
2) Which of the following is a resource as the term is used by economists?
a) buildings
b) labor
c) land
d) all of the above
.
3) Economists refer to things that have already been produced that are in turn used to produce other goods and services as
a) land.
b) labor.
c) entrepreneurship.
d) capital.
.
4) According to the theory of ________, specialization and free trade will benefit all trade partners, even when some are absolutely
more efficient producers than others.
a) comparative advantage
b) absolute advantage
c) social equity
d) laissez-faire
.
5) Specialization and trade exploit differences in productivity across workers and
a) only benefit the exporter.
b) only benefit the importer
c) make everyone better off.
d) make everyone worse off
.
6) If a vintner has a comparative advantage in producing wine
a) he can produce more wine using the same resources than other vintners.
b) wine is the only product he can produce.
c) he can produce wine at a lower opportunity cost than other vintners.
d) he also has an absolute advantage in producing wine.
.
7) Which of the following is an act of economic "investment"?
a) The state legislature authorizes the sale of a state park
b) An entrepreneur buys 5000 shares of stock at $5 a share and then sells the stock at a profit for $60 a share.
c) A manufacturer purchases a new machinery system for his plant.
d) A teacher deposits $500 in a retirement account.
.
8) In economics, the creation of capital is referred to as
a) investment.
b) comparative advantage
c) consumption.
d) allocation.
.
9) When an economy is producing inside its production possibility frontier
a) production inefficiency occurs
b) only technological advances will allow it to increase production
c) it is efficient so long as it is producing what people want.
d) it must overcompensate by producing outside the curve to achieve efficiency.
.
10) According to Figure 2.4, Point A necessarily represents
a) an unattainable production point
b) only hybrid cars being produced
c) the economy's optimal production point.
d) what society wants.
.
11) According to Figure 2.4, Point F
a) is efficient and attainable
b) represents underallocation of resources
c) represents what the people want.
d) cannot be produced with the current state of technology
.
12) According to Figure 2.4, Point E necessarily represents
a) an impossible production point
b) technological advancement
c) overallocation of resources
d) only motorcycle.
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5.0 Points
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5.0 Points
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1..
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3.
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(b)
unemployment rate will increase.
(c)
entire population will be unemployed.
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5.
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the total income received by residents of a nation.
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the cost of today’s goods expressed in terms of the cost of goods in a base year.
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9.
The sum of all planned expenditures for the entire economy at each possible price level is
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aggregate supply.
(b)
effective demand.
(c)
aggregate demand.
(d)
actual expenditures by consumers.
10.
Suppose the total value of all assets in the United States is $10 trillion. In 2006, the total value of all final services produced in the United States was $100 billion, the total value of all final goods produced in the United States was $300 billion, and the total value of all final goods and services produced by American firms in other countries was $100 billion. In this situation, gross domestic product for 2006 was
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Refer to the information provided in Figure 2.4 below to answer the questions that follow.
Figure 2.4
Refer to the information provided in Figure 2.5 below to answer the questions that follow.
1) production is the process by which
a) products are used by consumers.
b) resources are transformed into useful forms.
c) products are converted into capital.
d) resources are allocated and distributed.
.
2) Which of the following is a resource as the term is used by economists?
a) buildings
b) labor
c) land
d) all of the above
.
3) Economists refer to things that have already been produced that are in turn used to produce other goods and services as
a) land.
b) labor.
c) entrepreneurship.
d) capital.
.
4) According to the theory of ________, specialization and free trade will benefit all trade partners, even when some are absolutely
more efficient producers than others.
a) comparative advantage
b) absolute advantage
c) social equity
d) laissez-faire
.
5) Specialization and trade exploit differences in productivity across workers and
a) only benefit the exporter.
b) only benefit the importer
c) make everyone better off.
d) make everyone worse off
.
6) If a vintner has a comparative advantage in producing wine
a) he can produce more wine using the same resources than other vintners.
b) wine is the only product he can produce.
c) he can produce wine at a lower opportunity cost than other vintners.
d) he also has an absolute advantage in producing wine.
.
7) Which of the following is an act of economic "investment"?
a) The state legislature authorizes the sale of a state park
b) An entrepreneur buys 5000 shares of stock at $5 a share and then sells the stock at a profit for $60 a share.
c) A manufacturer purchases a new machinery system for his plant.
d) A teacher deposits $500 in a retirement account.
.
8) In economics, the creation of capital is referred to as
a) investment.
b) comparative advantage
c) consumption.
d) allocation.
.
9) When an economy is producing inside its production possibility frontier
a) production inefficiency occurs
b) only technological advances will allow it to increase production
c) it is efficient so long as it is producing what people want.
d) it must overcompensate by producing outside the curve to achieve efficiency.
.
10) According to Figure 2.4, Point A necessarily represents
a) an unattainable production point
b) only hybrid cars being produced
c) the economy's optimal production point.
d) what society wants.
.
11) According to Figure 2.4, Point F
a) is efficient and attainable
b) represents underallocation of resources
c) represents what the people want.
d) cannot be produced with the current state of technology
.
12) According to Figure 2.4, Point E necessarily represents
a) an impossible production point
b) technological advancement
c) overallocation of resources
d) only motorcycle.
Eco 305 week 2 quiz strayer
This document provides a quiz for an economics course on international trade and globalization. It contains 33 multiple choice questions and some short answer and essay questions covering topics like comparative advantage, gains from trade, trade barriers, and patterns of international trade. The questions are assessing students' understanding of foundational concepts in international economics.
IBPS Marketing Specialist Officer Previous Question Paper
We are pioneers in providing IBPS HR SPECIALIST OFFICERS MODEL PAPERS, PREVIOUS QUESTION PAPERS, IBPS MARKETING Specialist officers Professional knowledge study books for IBPS HR OFFICERS AND Marketing officers SCALE -1,scale -3 competitive exams in india, our study material will help the exam aspirants prepare easily for the exam.
JM Chapter 1 Overview of International Business.pptx
Define International Business and concept of globalization
Differentiate between IB and Domestic Business
Explain the importance of IB
Part 2: Fundamental of International Trade Theories
Outline the theories that attempt to explain why certain goods are traded internationally
Summarise the theory of mercantilism
Detail the theories of absolute advantage and comparative advantage
Detail the factor proportions theory of trade
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The document discusses various concepts related to international business and marketing. It provides multiple choice questions and answers about topics such as characteristics of international marketing, stages of the international product cycle, components of promotional strategies, reasons for firms to enter international markets, factors that affect domestic demand, major activities of global marketing, forms of international business operations such as direct selling, and factors that influence the international political environment.
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This document contains 20 multiple choice questions about managerial economics concepts. The questions cover topics such as characteristics of perfect competition, production and costs, market equilibrium, demand and factors that influence demand. For each set of questions, the answers are provided at the end.
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This document contains 20 multiple choice questions about managerial economics from chapters 1-4. The questions cover topics such as characteristics of perfect competition, profit maximization, factors that affect demand and supply, determinants of demand, and equilibrium concepts. For each question there are 4 answer options and the correct answers are provided at the end.
1. what is_comparative_cost_theory_why_i
This document provides a model question paper for an International Business Management course. It includes essay questions, short answer questions, and a case study on Bata, an international shoe company. It also includes a multiple choice section testing knowledge of international business concepts like theories of international trade, foreign investment, and cultural factors. The question paper tests understanding of key topics in international business and strategies of a major global company.
Question 1 of 205.0 PointsIf Italy can produce grapes at a low.docx
Question 1 of 20
5.0 Points
If Italy can produce grapes at a lower opportunity cost than any other nation, Italy is said to have a(n. __________ in the production of grapes.
A. autarky
B. absolute advantage
C. comparative disadvantage
D. comparative advantage
Question 2 of 20
5.0 Points
A possible reason a nation might impose a protectionist policy such as a tariff is to __________ .
A. increase the level of imports
B. protect an infant industry from foreign competitors
C. encourage specialization in the good in which the nation has a comparative advantage
D. slow domestic production
Question 3 of 20
5.0 Points
Which of the following situations will arise in the domestic market following the removal of an import quota?
A. imports increase, domestic production increases, prices increase
B. imports increase, domestic production decreases, prices decrease
C. imports decrease, domestic production increases, prices decrease
D. imports decrease, domestic production decreases, prices increase
Question 4 of 20
5.0 Points
The consumption possibilities curve shows the combinations of goods that can be __________ .
A. consumed by a nation before trade begins
B. consumed by a nation after trading begins
C. produced by a nation before trading begins
D. produced by a nation after trade begins
Question 5 of 20
5.0 Points
Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots, it can make 80 per day. If Arcadia produces only surfboards, it can make 30 per day. What is the opportunity cost of 1 teapot in Arcadia?
A. 3/8 of a surfboard
B. 8/3 surfboards
C. 30 surfboards
D. 80 surfboards
Question 6 of 20
5.0 Points
Voluntary export restraints __________ .
A. have the same effect as an import ban
B. are illegal under the international trading rules
C. violate the spirit of international trade agreements
D. all of the above
Question 7 of 20
5.0 Points
Import bans, import quotas, voluntary export restraints, and tariffs on goods all __________ .
A. increase imports and raise prices for consumers
B. reduce imports and prices for consumers
C. reduce imports and raise prices for consumers
D. increase imports and reduce prices for consumers
Question 8 of 20
5.0 Points
According to the infant industry argument for trade protectionism, __________ .
A. trade barriers must be used to protect domestic workers
B. new industries need to be shielded from competition in the early stages of learning by doing
C. tariffs imposed to aid new industries should never be removed
D. new industries are capable of competing with established rivals
Question 9 of 20
5.0 Points
As a whole, nations are better off after trade and specialization because __________ .
A. nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve
B. nations can consume along their consumption possibil ...
Econ 213 (A1) Final Examination (version A) .docx
Econ 213 (A1) Final Examination (version A) The University of Alberta SPRING 2013 S. Beesley
YOU WRITE THIS EXAM IF YOU COMPLETED THE MIDTERM!
Name_________________________________________ Student Number___________________________________
This exam has 33 multiple-choice questions. Please mark your answers on the scantron sheet. Please put your name and
student number on this page, and the scantron, immediately if not sooner.
There are also 3 written questions of 11 marks each, making the overall exam 66 marks in 120 minutes.
Please allocate your time accordingly!
SECTION A 33 MARKS
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The article about Africa entitled "Bulging in the Middle" noted that there were four causes of Africa's rise. Three
of the four are listed here - which one does not belong?
A) technology having large effects B) the right kind of population growth
C) better governance and economic management D) greatly increased agricultural productivity
2) There is a messy, intermittent, and sometimes sadly violent North-South divide across central Africa between
A) Christian and animist (local African) religions B) Sunni and Shiite Moslems
C) oil-rich states and the others D) Muslim and Christian terrritories
3) Nigeria has lost a very great deal of money to corruption and incompetence. The amount involved is, very
roughly:
A) Hundreds of millions of dollars B) Hundreds of billions of dollars
C) Tens of millions of dollars D) About 2.5 to 3.0 trillion dollars
4) Given the large debt increases in the last 20 years, why have we not seen even more sovereign defaults among
LDCs (and, for that matter, OECD countries)?
A) high real interest rates
B) the pattern of declining interest rates
C) The successful implementation of austerity programs and taxes on the well-off in LDCs
D) The massive debts have been offset by huge debt forgiveness totals
5) The IMF was accused in one article of hypocrisy because it advocated
A) austerity in rich countries and spending in poor ones
B) austerity at all times and places
C) austerity in poor countries and spending in rich ones
D) printing money when necessary to kick-start dormant economies
6) Alexander Sack wrote that debt was odious when
A) The funds originally loaned had not been used in "the interests of the State."
B) The interest rates charged were so high as to be odious
C) A significant fraction of the money had been stolen by corrupt officials
D) Repaying that debt would result in significant social hardship
7) Easterly established that more indebted countries were characterized by all of these except
A) A lower black market premium
B) Smaller bank systems
C) A faster rate of asset sales
D) New borrowing that exceeded any debt relief given
1
8) Easterly pointed out that in some governments, the divisions across ethnic groups result in a version of the
A) negative externality prob ...
Bài 1 Kinh Doanh Quốc Tế.pptx
The document provides an overview of international business and globalization. It discusses six different ways for a company to enter a foreign market, including exporting, international investment, licensing, franchising, and managing contracts. It also summarizes key trends in the global economy such as the rising share of output from developing countries, changing patterns of foreign direct investment, and the emergence of global institutions like the WTO and IMF. The document outlines factors driving globalization like declining trade barriers and technological advances, and debates around the impacts of globalization.
Marketing quiz
This document contains two quizzes on marketing management topics. The first quiz contains 20 multiple choice questions testing knowledge of marketing concepts like the four P's of marketing, de-marketing, market penetration, marketing objectives, marketing research process, new product development stages, advertising vs publicity, and pricing strategies. The second quiz contains another 20 multiple choice questions on topics such as the origin of terms like "marketing mix", famous brands and advertising campaigns, consumer protection laws, and leaders in various industries.
Globalization.pptx
This document provides an overview of globalization, including:
1) It defines globalization as the increasing integration and interdependence of world economies through globalization of markets and production.
2) Key drivers of globalization are declining trade barriers and technological advances in transportation and communication.
3) Major global institutions that help manage and regulate global trade include the WTO, IMF, World Bank, and UN.
Eco 410 week 10 quiz strayer
This document provides a quiz for an economics course on foreign direct investment and political risk. It includes 20 multiple choice questions and true/false statements covering topics like the OLI paradigm for explaining FDI, modes of foreign market entry, and types of political risk faced by multinational enterprises. An answer key is not provided.
Eco 410 week 10 quiz strayer
This document provides a quiz for an economics course on foreign direct investment and political risk. It includes 20 multiple choice questions and true/false statements covering topics like the OLI paradigm for explaining FDI, modes of foreign market entry, and types of political risk faced by multinational enterprises. An answer key is not provided.
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Refer to the information provided in Figure 2.4 below to answer the .docx
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IBPS Marketing Specialist Officer Previous Question Paper
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centuries, evolving its structure over time and space. In the present era, these changes have
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Stage 1 b + e quiz globalisation
- 1. Assessment Activity Quiz: Global Business Stage 1 B+E
- 2. 1. The past two decades of globalization has seen rapid movements in: • (a) goods, services and people between countries • (b) goods, services and investments between countries • (c) goods, investments and people between countries • (d) none of these
- 3. 2. The most common route for investments by MNCs in countries around the world is to: • (a) set up new factories • (b) buy existing local companies • (c) form partnerships with local companies • (d) both (a) and (b)
- 4. 3. Globalisation has led to higher standards of living of: • (a) well-off consumers • (b) poor consumers • (c) big producers • (d) small producers
- 5. 4. A company that owns or controls production in more than one nation is called: • (a) multinational corporation • (b) joint stock company • (c) global company (d) none of these
- 6. 5. Where do MNCs choose to set up production? • (a) Cheap goods • (b) Cheap labour resources • (c) Economic sustainability • (d) None of these
- 7. 6. Trade between countries: • (a) determines prices of products in different countries • (b) decreases competition between countries • (c) makes a country dependent on the other • (d) none of these
- 8. 7. Globalisation by connecting countries leads to: • (a) lesser competition among producers • (b) greater competition among producers • (c) no competition between producers • (d) none of these
- 9. 8. One major factor that has stimulated the globalisation process is: • (a) effective utilisation of resources • (b) increase in income and wealth • (c) willingness to cooperate • (d) rapid improvement in technology
- 10. 9. If tax is imposed on Chinese toys, what will happen? • (a) Chinese toy-makers will benefit • (b) Australian toy-makers will prosper • (c) Chinese toys will remain cheap • (d) Australian consumers will buy more Chinese toys
- 11. 10. Which out of the following is an example of a trade barrier? • (a) Foreign investment • (b) Delay or damage of goods • (c) Tax on imports • (d) None of these
- 12. 11. Removing barriers or restrictions set by the government is called: • (a) liberalisation • (b) investment • (c) favourable trade • (d) free trade
- 13. 12. Which out of the following industries has a large number of well- off buyers in urban areas? • (a) Footwear • (b) Automobiles • (c) Jewellery • (d) Clothing and accessories
- 14. 13. Globalisation has created new opportunities of: • (a) employment • (b) emerging multinationals • (c) providing services • (d) all of the above
- 15. 14. Globalisation has posed major challenges for: • (a) big producers • (b) small producers • (c) rural poor • (d) none of these
- 16. 15. Government can make globalisation more 'fair' by: • (a) increasing competition • (b) increasing employment • (c) implementing the labour laws • (d) imposing trade barriers