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