4220quiz 1-6
* Question 1
1 out of 1 points | | | According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___.Answer | | | | | Selected Answer: | a. the country of innovation only | | | | | * Question 2
1 out of 1 points | | | Argentina can produce one ton of meat (beef) using 0.1 years of labor. It can also produce one automobile using two years of labor. In order to produce one ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Argentina has ___.Answer | | | | | Selected Answer: | b. an absolute advantage in the production of beef | | | | | * Question 3
1 out of 1 points | | | Information on foreign countries, including their economic environment, their political environment and their geography, can easily be found in several publications. Which is not one of the organizations that publishes background information on countries?Answer | | | | | Selected Answer: | d. The United Nations' UNICEF | | | | | * Question 4
1 out of 1 points | | | International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?Answer | | | | | Selected Answer: | a. United States | | | | | * Question 5
1 out of 1 points | | | On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a ___.Answer | | | | | Selected Answer: | b. competitive driver | | | | | * Question 6
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1 out of 1 points | | | According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___.Answer | | | | | Selected Answer: | a. the country of innovation only | | | | | * Question 2
1 out of 1 points | | | Argentina can produce one ton of meat (beef) using 0.1 years of labor. It can also produce one automobile using two years of labor. In order to produce one ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Argentina has ___.Answer | | | | | Selected Answer: | b. an absolute advantage in the production of beef | | | | | * Question 3
1 out of 1 points | | | Information on foreign countries, including their economic environment, their political environment and their geography, can easily be found in several publications. Which is not one of the organizations that publishes background information on countries?Answer | | | | | Selected Answer: | d. The United Nations' UNICEF | | | | | * Question 4
1 out of 1 points | | | International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?Answer | | | | | Selected Answer: | a. United States | | | | | * Question 5
1 out of 1 points | | | On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a ___.Answer | | | | | Selected Answer: | b. competitive driver | | | | | * Question 6
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