Archives: Quiz

Marginal analysis is used for “how much” decisions. Resources should be used as efficiently as possible to achieve society‘s goals. People usually exploit opportunities to make themselves better off. “How much” is a decision at the margin. Markets usually lead […]

Chapter 1. Introduction to Law 1. Philosophers and jurists agree on a single definition of law: rules of civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong. a. True b. […]

inefficient. marginally optimal. efficient. Answer allocating resources fairly may cause efficiency. an efficient allocation of resources may lead to an outcome that most people consider unfair. policies that promote equity often come at a cost of decreased efficiency. 148. Multiple […]

Answer considers only the price of the brownie. considers only how much additional exercise she will need to do to work off the calories associated with eating another brownie. compares all of the benefits and costs of eating another brownie. […]

Tests, Surveys, and Pools Tests Test Canvas : TestBanks Chapter 01: First Principles Microeconom ics, 3e Test Canvas: TestBanks Chapter 01: First Principles The Test Canvas allows you to add and edit questions, add Question Sets or Random Blocks, reorder […]

Tests, Surveys, and Pools Tests Test Canvas : Self-Test Quiz – Chapter 01 Microeconom ics, 3e Test Canvas: Self-Test Quiz – Chapter 01 The Test Canvas allows you to add and edit questions, add Question Sets or Random Blocks, reorder […]

91. In terms of expatriate pay, which of the following is a characteristic of a foreign service premium? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 2 Medium Hill – Chapter 17 #91 Learning Objective: 17-06 Understand how and […]

51. What is the advantage of a geocentric staffing policy? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 17 #51 Learning Objective: 17-02 Identify the pros and cons of different approaches to staffing policy […]

c17 Key 1. The human resource management function can help a firm achieve its primary strategic goals of reducing the costs of value creation and adding value by better serving customer needs. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember […]

90. Which of the following is necessary for a firm to ensure profitable price discrimination? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 16 #90 Learning Objective: 16-04 Explain why and how a firms […]

50. In which kind of retail system do a few retailers supply most of the market? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 16 #50 Learning Objective: 16-02 Recognize why and how a […]

c16 Key 1. A global marketing strategy that views the world’s consumers as similar in their preferences is consistent with the mass production of a standardized output. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – […]

84. Which of the following is the initial reason for the establishment of a foreign production facility? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 15 #84 Learning Objective: 15-02 Explain how country differences; […]

46. Uniway Technologies Inc. has based its manufacturing units in the country of Lanthania. The country’s stable economic and political environment has helped the firm gain competitive advantage by lowering its production costs and improving product quality. Other things being […]

c15 Key 1. In recent years, the trend among U.S. firms is to outsource the “production” of certain service activities to developing nations where labor costs are lower. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill […]

90. In the modern era, countertrade arose in the 1960s as a way to purchase imports for: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 14 #90 Learning Objective: 14-05 Describe how countertrade can […]

50. Which of the following refers to an export specialist that acts as an export marketing department for client firms? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 14 #50 Learning Objective: 14-02 Identify […]

c14 Key 1. Only large companies have benefited significantly from the moneymaking opportunities of exporting. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 14 #1 Learning Objective: 14-01 Explain the promises and risks associated […]

84. What gives a firm tight control for coordinating a globally dispersed value chain? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 13 #84 Learning Objective: 13-03 Identify the factors that influence a firms […]

52. Which of the following is a disadvantage of small-scale entry for an international firm considering foreign expansion? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 13 #52 Learning Objective: 13-01 Explain the three […]

c13 Key 1. A firm contemplating expansion should choose a foreign market based on an assessment of the nation’s long-run profit potential. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 13 #1 Learning Objective: […]

89. For an international business, which of the following is most likely to be an outcome of protectionism and nationalism in a host-country? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 12 #89 Learning […]

51. Which of the following is a support activity in the operations of a firm? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 12 #51 Learning Objective: 12-01 Explain the concept of strategy. Topic: […]

c12 Key 1. The actions that managers take to attain the goals of the firm are referred to as a firm’s strategy. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 12 #1 Learning Objective: […]

90. Which of the following is a drawback of the currency board system? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 11 #90 Learning Objective: 11-04 Identify exchange rate regimes used in the world […]

50. All countries were to fix the value of their currency in terms of gold but were not required to exchange their currencies for gold, according to the 1944: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy […]

c11 Key 1. The international monetary system refers to a system to regulate fixed exchange rates before the introduction of the euro. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 11 #1 Learning Objective: […]

89. Which of the following premises is technical analysis, an approach to exchange rate forecasting, based on? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 10 #89 Learning Objective: 10-05 Identify the merits of […]

49. Which of the following is a reason for London’s dominance in the foreign exchange market? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 10 #49 Learning Objective: 10-03 Recognize the role that forward […]

c10 Key 1. What happens in the foreign exchange market does not directly impact the sales, profits, and strategy of a multinational enterprise. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 10 #1 Learning […]

89. Which of the following is an expected consequence of the implementation of the North American Free Trade Agreement? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 09 #89 Learning Objective: 09-04 Explain the […]

49. Which of the following are the two impediments to regional economic integration? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 09 #49 Learning Objective: 09-02 Understand the economic and political arguments for regional […]

c9 Key 1. As with free trade in general, regional economic integration creates gain for consumers, but it can be challenging for some producers. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 09 #1 […]

91. Which of the following statements is most likely to be true regarding the effects of FDI on employment? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 08 #91 Learning Objective: 08-04 Describe the […]

51. FDI is risky because of the problems associated with: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 08 #51 Learning Objective: 08-02 Explain the different theories of FDI. Topic: Theories of Foreign Direct […]

c8 Key 1. When a firm exports its products to a foreign country, foreign direct investment occurs. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 08 #1 Learning Objective: 08-01 Recognize current trends regarding […]

79. The WTO was encouraged to extend its reach to encompass regulations governing foreign direct investment, something the GATT had never done. Two of the first industries targeted for this reform were: AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember […]

51. Which of the following best indicates the motive for foreign firms to engage in dumping? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 07 #51 Learning Objective: 07-01 Identify the policy instruments used […]

c7 Key 1. Subsidies are a trade policy instrument. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 07 #1 Learning Objective: 07-01 Identify the policy instruments used by governments to influence international trade flows. […]

91. According to the new trade theory: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 06 #91 Learning Objective: 06-03 Recognize why many economists believe that unrestricted free trade between nations will raise the […]

54. Australia is a major producer of agricultural and dairy products and exports coffee, tea, spices, and milk products to the United States. United States is the world’s third largest supplier of machinery and exports heavy machinery to Australia. What […]

c6 Key 1. Mercantilism, propagated in the sixteenth and seventeenth centuries, advocated that countries should simultaneously encourage both imports and exports. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 06 #1 Learning Objective: 06-01 […]

90. Justice theories primarily focus on: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 05 #90 Learning Objective: 05-04 Describe the different philosophical approaches to ethics. Topic: Philosophical Approaches to Ethics 91. Who asserts […]

50. Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. He knows that demanding a better manufacturing unit will […]

c5 Key 1. The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. AACSB: Ethics Accessibility: Keyboard Navigation Blooms: Remember Difficulty: […]

90. A person seeking and receiving help through a guanxi network is: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 04 #90 Learning Objective: 04-03 Identify the business and economic implications of differences in […]

50. When compared to American society, Japanese society lacks: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Hill – Chapter 04 #50 Learning Objective: 04-03 Identify the business and economic implications of differences in culture. Topic: Social […]

c4 Key 1. Values provide the context within which a society’s norms are established and justified. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 04 #1 Learning Objective: 04-01 Explain what is meant by […]

90. In economic terms, the long-run monetary benefits of doing business in a country are most likely to be a function of the: AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 03 #90 Learning […]

52. Only a totalitarian regime that is committed to which of the following is capable of promoting economic growth? AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Hill – Chapter 03 #52 Learning Objective: 03-01 Explain what […]