Sample Midterm #1 Questions 1. Which of the following does not constitute a form of direct foreign investment? a. Franchising b. International trade c. Joint ventures d. Acquisitions of existing operations e. Establishment of new foreign subsidiaries 2. Which of the following theories identifies specialization as a reason for international business? a. theory of comparative advantage. b. imperfect markets theory. c. product cycle theory. d. none of the above 3. Agency costs faced by multinational
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1. A nation’s standard of living is best measured by its a. | real GDP. | b. | real GDP per person. | c. | nominal GDP. | d. | nominal GDP per person. | 2. Productivity is defined as the quantity of a. | labor required to produce a nation’s GDP. | b. | labor required to produce one unit of goods and services. | c. | goods and services produced from each unit of labor input. | d. | goods and services produced per unit of time. | 3. The equipment and structures available to
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Question 1 5 out of 5 points Correct Which of the following is a type of law referencing formal rules embodied in judicial decisions rendered by courts? Answer Selected Answer: Public Correct Answer: Public Question 2 5 out of 5 points Correct Which of the following is not one of the four primary public policy objectives furthered by laws and regulations applicable to U.S. business? Answer Selected Answer: Promoting governmental regulation Correct Answer: Promoting
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Quiz No. 2 Name ------------------------------ February 13‚ 2014 Section BBA-B ID No. ------------------------------ Question1 The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics‚ describe the effect of each of the following in terms of whether it would increase or decrease the quantity demanded or the demand for housing. Moreover‚ when price is expressed as a function
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EPGP Quiz 1 Time: 1 hour‚ closed book Answer all questions. Circle the correct answer. 2 points each. 1. The law of demand states that‚ holding all else constant: A. as price falls‚ demand will fall also. B. as price rises‚ demand will also rise. C. price has no effect on quantity demanded. D. as price falls‚ quantity demanded rises. 2. Which of the following would not shift the demand for good A? A. Drop in price of good A. B. Drop in price of good B. C. Consumer income. D. Change
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points Question The personal distribution of income refers to the: Answer division of income between personal taxes‚ consumption expenditures‚ and saving. division of income on the basis of industry sources‚ for example‚ agriculture‚ transportation‚ and mining. distribution of income to basic resource classes‚ that is‚ wages‚ rents‚ interest‚ and profits. way income is distributed among specific households or spending units. Correct Feedback correct Incorrect Feedback incorrect
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Economic and emerging markets 1. Lobbying is policy of hiring people to rep. .. 2. Which of the following was initially a code governing moral and ethical bahaviour and was later extended to commercial translation? Civil law 3. Uniformity is interpreting and applying laws in more than 1 country is known as standardization. 4. Intellectual property can be broadly classified as either industrial property or copyrights. 5. A patent is a right granted to the inventor of a product
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ch2 Student: ___________________________________________________________________________ 1. Record levels of American outward foreign direct investment from 2000 to 2009‚ totaling more than $2 trillion‚ caused U.S. exports to decline during this time period. True False 2. Small and medium-sized enterprises accounted for nearly one-third of all U.S. exporters. True False 3. International trade includes exports‚ imports‚ and foreign direct investment. True False 4. Importing and foreign direct
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1. |Each of the following is an example of an economic resource except | | |A) |land. | |B) |money. | |C) |capital. | |D) |labor.
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e650s07e01 Student: ___________________________________________________________________________ 1. Economic profits are: A. total revenue minus total cost. B. marginal revenue minus marginal cost. C. total revenue minus total opportunity cost. D. total profits of the economy as a whole. 2. Which of the following is an implicit cost to a firm that produces a good or service? A. labor costs. B. costs of operating production machinery. C. foregone profits of producing a different
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