International MGMT (CH 1)

A subset of European countries has adopted a unified currency called the euro. What are the effects of this action? (Check all that apply.)

- Customers are allowed to compare prices between most countries. - Business companies can reduce their costs by conducting business in one uniform legal tender.

What are the arguments put forward by the proponents of globalization? (Check all that apply.)

- Job losses are a natural outcome of economic and technological change as part of globalization. - Offshoring boosts the competitiveness of American firms and increases the size of the overall economic pie.

Which of the following countries are represented by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)? (Check all that apply.)

- New Zealand - Peru - Japan

Identify a true statement about the voting of the United Kingdom to dissolve its membership in the European Union (EU) as part of a referendum in June 2016.

Citizens voted to dissolve their membership in the bloc.

Which of the following refers to the economy of Mexico?

More than 90 percent of Mexico's trade takes place under free-trade agreements.

A market economy has the least restriction because _____.

resource allocation is roughly decided by the law of demand

In 2010, the BRIC leaders of the founding members decided to join _____ to the group, making it the BRICS.

sri lanka

Which of the following are the MIST countries, which are grouped as a subset of the N-11 group of economies? (Check all that apply.)

Turkey Mexico Indonesia South Korea Egypt Philippines Pakistan

According to PricewaterhouseCoopers (PwC), the gross domestic product (GDP) of the E7 would _____.

exceed that of the Group of Seven (G7) economies by around 2030

What are the findings of Goldman Sachs' 2001 report on the economic growth projected to occur in the BRIC nations? (Check all that apply.)

- The BRIC economies' share of world growth could increase from 20 percent in 2003 to more than 40 percent in 2025. - Economies of the BRIC nations will exceed the collective economies of the Group of Seven (G7) nations by 2032.

Economic developments that have occurred in the countries that are part of the North American Free Trade Agreement (NAFTA).

- The ease of travel between the countries has been increased. - Tariffs and import and export quotas have been eliminated.

Identify the BRIC nations. (Check all that apply.)

Brazil Russia China India Need help? Review these concept resources.Read About the Concept Feedback Next Question Reading © 2021 McGraw-Hill Education. All Rights Reserved.

Identify the countries that are part of the EAGLES, which is a group of economies. (Check all that apply.)

Egypt Taiwan South Korea Russia

In March 2006, PricewaterhouseCoopers (PwC) used the term E7 to refer to seven major emerging economies. Which of the following are part of the E7? (Check all that apply.)

Indonesia India Turkey Mexico

Identify the countries that are part of the European Union (EU). (Check all that apply.)

Austria Latvia The Czech Republic Croatia

Identify the reasons why Mexican firms are now able to produce products at highly competitive prices. (Check all that apply.)

Because the Mexican market is close to the American market Because of the availability of low-cost labor

Asian-facing countries have negotiated an ambitious, next-generation, Asia-Pacific trade agreement under the ______________________for Trans-Pacific Partnership (CPTPP).

Comprehensive and progressive agreement Blank 1: Comprehensive Blank 2: and Blank 3: Progressive Blank 4: Agreement

Which of the following are true about businesses in a command economy? (Check all that apply.)

Firms are owned by the government to ensure that business practices are done in the best interest of the nation. Firms are provided with government subsidies so they cannot go out of business.

The ________________ system refers to a factory, the majority of which are located in Mexican border towns, that imports materials and equipment on a duty- and tariff-free basis for assembly or manufacturing and re-export.

Maquiladora

Which of the following are included in the chaebols of South Korea? (Check all that apply.)

The LG Group Samsung Daewoo Hyundai

Identify the pro-business initiatives taken by Enrique Peña Nieto as the president of Mexico. (Check all that apply.)

The Mexican auto industry was expanded. Greater competition was forced in telecommunications.

Identify the trends that pertain to global demographics. (Check all that apply.)

The amount of spending on health care-related services will keep on increasing rapidly. According to the Wall Street Journal, the working-age population will contract by nearly 5 percent worldwide by 2050.

Which of the following goals of the European Union (EU) has finally largely become a reality?

The establishment of a single currency and a regional central bank

Identify a change in global demographics by 2050.

The working-age population in Germany and Italy will shrink by over 20 percent.

Which of the following countries are part of the CEVITS, which is a group of economies? (Check all that apply.)

Vietnam Colombia South Africa Egypt