INTB exam 1
Permanent members of the UN Security Council measures and only the Secretary-General of the UN has veto power
False
Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the Un has veto power
False
The EU is administered by the European Commission, a group composed of six commissioners, elected at the EU level
False
Trading blocs are designed to bring cost savings to international firms, whether inside or outside the trading bloc
False
_____ relationship, a Chinese collection of values carry, obligations that may be stronger than civic responsibilities and seemingly rational understanding
Guanxi
The UN's international Court of Justice is also known as
The World Court
The common interest of all nations in a workable international exchange rate system transcends their conflicting international....
The international Monetary Funds (IMF)
the Bali Package, proposed in 2013 focuses in part on
market access for goods from least-developed countries
At the end of World War II, theUN called for the conference that set up the World Bank and IMF. This conference was held in
Bretton Woods, New Hampshire
This country has dramatically increased trade with Africa, especially in extraction sectors
China
Which two countries together account for one-third of the global population and have increased trade and reduced absolute poverty
China and india
the Regional Economic Integration agreement that includes Argentina, Brazil, Paraguay, and Uruguay is known as
Mercosur
The World Trade Organization is an example of an institution that "propagate(s) principles, and broadly represent(s)' humanity."
NOT cognitive institution
One of the significant differences between formal and informal institutions is how they gain compliance
True
The UN international Court of Justice (ICJ) hears cases that involve disputes between national government
True
The United Nations is a worldwide organization that is
a forum for the promotion of peace and global stability
The major function of the World Bank is to serve as
a nonprofit banking cooperative for its members to meet development needs
The Doha Round's discussions are contentious on several major issues. Including
agriculture and intellectual property rights
The Doha Development agenda is
an extended conference of the WTO initially convened in Doha
In a free trade area, members drop internal tariffs. External tariffs
are maintained independently by each member
IMF quotas are determined by the relative size of a nation in the global economy and:
are the nation's "dues" to the IMF
The EU developed from a postwar (WWII)
coal and steel common market for the two commodities. The European Coal and Steel Community
______ institutions include motherhood, good manners, and gender roles
cognitive
The Un addresses global environment problems by
developing initiatives that support sustainable business practices
The purpose of the international Financial Corporation (IFC) is to invest in companies and financial institutions in developing countries to build
domestic capital markets
The WTO exists to
establish and help implement rules of trade among nations in order to increase trade flows.
in a ______, trade among members is tariff fee
free trade area
GAAP is an example of an informal _______ institution that supports shared standards
normative
Under new institutional theory, institutions can be categorized as formal and informal, and the informal institutions can be further categorized as:
normative and cognitive
Strong institutions are vitally important to international business decision makers because they
provide ways to avoid and settle conflicts
The UN ______ has the responsibility for maintaining international peace and security
security council
The IMF initially played a central role in
setting fixed exchange rates among nations' currencies with an established par value based on gold
ASEAN +3 is
the 10 ASEAN nations plus China, Japan, and South Korea
The Doha Round begun in 2001 to work on what agenda
trade-related issues between developed and eveloping countries
What company was fined millions of dollars by the EU for not complying with EU rules
Microsoft
The WTO has negotiated a TRIPS agreement whereby property rights do not take precedence over public health
True
