第一章
1.The shift toward a more integrated and interdependent world economy is
referred to as（）.答案:Globalization
2.In 2008 and 2009, the（）became the forum though which major nations
attempted to launch a coordinated policy response to the global financial
crisis, which started in America. 答案:Group of Twenty (G20)
3.Which of the following is a consequence of globalization? （）答
案:Increasing outsourcing of services
4.Critics of globalization argue that if proponents of globalization were correct
about the supposed benefits associated with free trade and investment, then
which of the following would have happened? （）答案:Factories based in
Mexico would not be cleaner
5.Which of the following is not a risk associated with globalization? （）答
案:Excessive market regulation;Restrictions on competition;Differentiation
of markets
6.Which of the following is FALSE of the IMF? （）答案:Its loans come with no
strings attached.;It is the less controversial of the two sister institutions, the
IMF and the World Bank.;It is often seen as the lender of first choice to
nation-states whose economies are in turmoil.
7. A company does not need a large size to facilitate, and benefit from, the
globalization of markets. （）答案：对
8.Companies hope to lower their overall cost structure or improve the quality
or functionality of their product offering through globalization of production.
（）答案：对
9.The World Bank has focused on policing the world trading system and
making sure nation-states adhere to the rules laid down in trade treaties. （）答案：错
10.The lowering of barriers to international trade enables firms to view the
world, rather than a single country, as their market. （）答案：对
第二章
1. A political system that prioritizes the needs of the society over individual
freedoms is called _____. ( )答案:collectivism
2.Which of the following statements about individualism is true? ( )答
案:Individualism advocates for a democratic political system.
3.An economy in which the interaction of supply and demand determines the
quantity in which goods and services are produced is called a _____. ( )答
案:market economy
4.Which of the following statements about the legal systems of countries is true?
( )答案:They can affect the attractiveness of a country as an investment site
or market.
5.Which of the following isn’t the reason why a common law system is different
from a civil law system: ( )答案:a common law system is very rigid, while a
civil law system tends to be more flexible.;a common law system is based on religious teachings, while a civil law system is based on cultural traditions.;in
a common law system a judge relies on legal codes to make rulings, while in a
civil law system a judge relies on his intuition and moral reasoning to make
judgments.
6.The social organization of Oriental society tends to emphasize on: ( ) 答
案:collectivist values.;a group orientation.;work groups.
7. A theocratic law system is one in which the law is based on religious
teachings. （）答案：对
8.The objective of the government in a command economy is to encourage free
and fair competition between private producers. (（）答案：错
9.Norms are abstract ideas about what a group believes to be good, right, and
desirable. (（）答案：错
10. A caste system is a closed system of stratification in which social position is
determined by the family into which the person is born. （）答案：对
第三章
1._____ supports the idea that countries should export more than what they
import. ( )答案:Mercantilism
2.David Ricardo’s theory of comp arative advantage explains: ( ) 答
案:international trade in terms of international differences in labor
productivity.
3.According to Ricardo’s theory of comparative advantage, countries should: ( )
答案:specialize in the production of those goods that it produces most
efficiently.
4.Identify the theory that argues that advanced nations have an incentive to
develop a new offering and hence such nations always tend to create a good
or service for the first time. ( ) 答案:Product life-cycle
5.What kind of products appears in the product life-cycle?( )答案:Maturing
Product;New Product ;Standardized Product
6.Which of the following is not a statement that supports the theory of
comparative advantage? ( ) 答案:International trade is a zero-sum gain
wher e one nation’s gain is another’s loss.;Domestic industries are at risk
when a country engages in free trade.;A country should maintain trade
surplus to succeed in global trade.
7.The production possibility frontier will be parabolic if constant return to
specialization is observed. (（）答案：错
8.Companies that trade small volumes of product can benefit from economies
of scale. (（）答案：错
9. A country has an absolute advantage in the production of a product when it is
more efficient than any other country in producing it. （）答案：对
10.The theories of Smith and Ricardo show that countries should not engage in
international trade for products that it is able to produce for itself. (（）答案：错
第四章
1.Which of the following is one of the main instruments of trade policy? ( ) 答
案:Tariffs
2.Strategic trade policy suggests that a government should use _____ to support
promising firms that are active in newly emerging industries. ( )答
案:subsidies
3.Which of the following statements concerning a voluntary export restraint is
true? ( ) 答案:It benefits domestic producers by limiting import competition.
4.Foreign producers typically agree to voluntary export restrictions because: ( )
答案:they fear far more damaging punitive tariffs or import quotas might
follow if they do not.
5.Which of the following is a non-tariff barrier? ( )答案:subsidies;local content
requirement;administrative trade policies;import quotas
6.Which of the following is not a consequence of subsidies? ( ) 答案:Subsidies
make domestic producers vulnerable to foreign competition.;Subsidies lead
to lowered production.;Subsidies produce revenue for the government.
7.Antidumping actions are concentrated in certain sectors of the economy such
as basic metal industries, chemicals, plastics, and machinery and electrical
equipment. （）答案：对
8.Tariffs are unambiguously pro-consumer and anti-producer. (（）答案：错
9.Tariff barriers lower the costs of exporting products to a country. (（）答案:
错
10.Local content regulations provide protection for a domestic producer of parts
by limiting foreign competition. （）答案：对
第五章
1.For the home country, the current account of the balance of payments
improves if the purpose of the foreign investment is to serve the home
market from a low-cost production location. ( )答案:Acquisition
2.The largest source country for FDI has been _____. ( ) 答案:The United States
3.The majority of cross-border investment in the developed world is in the
form of _____. ( )答案:Mergers and acquisitions
4._____ seeks to explain why firms often prefer foreign direct investment over
licensing as a strategy for entering foreign markets. ( ) 答案:Internalization
theory
5.What are the two forms of FDI?( )答案:Mergers and acquisitions ;Greenfield
investment
6.When measuring the total foreign direct investment of a country, which two
indicators are often used? ( ) 答案:Foreign direct investment flow;Foreign
Direct Investment Stock
7.The amount of FDI undertaken over a given time period is known as the flow
of FDI. （）答案：对
8.FDI has been declining in the last few decades because protectionist
pressures have become less intense. (（）答案：错
9.Mergers and acquisitions are quicker to execute than greenfield investments.
（）答案：对
10.Licensing involves the establishment of a new operation in a foreign country.
(（）答案：错
第六章
1.The movement toward regional economic integration been most successful
in _____. ( )答案:Europe
2.A(n) _____ has no barriers to trade between member countries, includes a
common external trade policy, and allows factors of production to move
freely between members. ( )答案:common market
3.Linking neighboring countries economically and making them
interdependent: ( )答案:creates incentives to increase political cooperation
as well.
4._____ occurs when higher-cost external producers are replaced by lower-cost
external producers within the free trade area. ( ) 答案:Trade creation
5.There are two main trading blocs in Europe, the _____ and the _____. ( )答
案:European Free Trade Association;European Union
6.Three long-term EU members, Great Britain, _____, and _____ , have not
adopted the euro. ( )答案:Denmark;Sweden
7.In a customs union, trade barriers are eliminated among member countries,
and each country maintains its own external trade polices with nonmember countries. (（）答案：错
geographic region to reduce, and ultimately remove, tariff and nontariff
barriers to the free flow of goods, services, and factors of production
between each other. （）答案：对
9.The European Union is an example of a perfect economic union. (（）答案:
错
10.Because of the fact that everyone benefits from economic integration, it is
easy to achieve and sustain. (（）答案：错
第七章
1.The rate at which one currency is converted into another is known as the
_____. ( )答案:exchange rate
2. A _____ means the value of a currency is fixed relative to a reference currency.
( )答案:pegged exchange rate
3.The liquidity of the market is _____ in a purely domestic capital market. ( )答
案:limited
4.A(n) _____ is quoted for 30 days, 90 days, and 180 days into the future. ( ) 答
案:forward exchange rate
5.Market makers are the financial service companies that connect investors
and borrowers. Those who want to borrow money typically do not include: ( )答案:corporations with s
urplus cash;insurance companies ;pension funds 6.What are the two main functions of the foreign exchange market? ( )答
案:Currency conversion;Providing some insurance against foreign exchange
risk
7.The foreign exchange market is a market for converting the currency of one
country into that of another country. （）答案：对
8.Currency fluctuations can make seemingly profitable trade and investment
deals unprofitable and vice versa. （）答案：对
9.The international monetary system refers to the institutional arrangements
that govern exchange rates. （）答案：对
10.An investor purchases the right to receive a specified fixed stream of income
from the corporation when he purchases a share of stock. (（）答案：错
第八章
1._____ is measured by the percentage increase in net profits over time. ( )答
案:Profit growth
2.The amount of value a firm creates is measured by the: ( ) 答案:Difference
between its costs of production and the value that consumers perceive in its
products.
3. A firm’s _____ determines where in its hierarchy the decision-making power is
concentrated. ( )答案:Vertical differentiation
4.The costs and risks associated with doing business in a foreign country are
typically: ( ) 答案:Low in an economically advanced nation.
5.What are the basic activities included in the express enterprise value chain?
( )答案:Transport ;Delivery and after-sales service;Sorting ;Receiving
6.What are the basic points of organizational culture? ( )答案:Integrity and
warmth;Rigorous and loyal ;Innovation and collaboration
7. A firm’s strategy can be defined as the actions that managers take to attain
the goals of the firm. （）答案：对
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