The classical international trade theories are from the perspective of a country.
Choose correct answer/s
True
False
Check answer
Question 2
Free
True/False
Trade surplus refers to a situation where the value of imports is greater than the value of exports.
Choose correct answer/s
True
False
Check answer
Question 3
Free
True/False
The economic theory of mercantilism stated that a country's wealth was determined by the amount of its gold and silver holdings.
Choose correct answer/s
True
False
Check answer
Question 4
Free
True/False
Trade deficit refers to a situation where the value of exports is greater than the value of imports.
Choose correct answer/s
True
False
Check answer
Question 5
Free
True/False
The modern international trade theories explain trade from a firm,rather than a country,perspective.
Choose correct answer/s
True
False
Check answer
Question 6
True/False
The new nations of the 1500s promoted exports by imposing restrictions on imports.
Choose correct answer/s
True
False
To unlock the question
Question 7
True/False
Countries such as China still favor exports and discourage imports through a form of neo-mercantilism.
Choose correct answer/s
True
False
To unlock the question
Question 8
True/False
Free trade only benefits select industries,at the expense of both consumers and other companies,within and outside of the industry.
Choose correct answer/s
True
False
To unlock the question
Question 9
True/False
The product life cycle theory has been better able to explain current trade patterns where innovation and manufacturing occur around the world.
Choose correct answer/s
True
False
To unlock the question
Question 10
True/False
The Internet has lessened the ability of the countries to regulate or strong-arm companies into abiding by their rules and regulations.
Choose correct answer/s
True
False
To unlock the question
Question 11
True/False
Global businesses can afford to ignore the political and legal climate in countries in which they currently operate.
Choose correct answer/s
True
False
To unlock the question
Question 12
True/False
A main differentiator of political systems is each system's philosophy on the rights of the individual and the group as well as the role of government.
Choose correct answer/s
True
False
To unlock the question
Question 13
True/False
Most countries maintain a balance between anarchism and totalitarianism and the balance is often a reflection of the country's history,culture,and religion.
Choose correct answer/s
True
False
To unlock the question
Question 14
True/False
Totalitarianism occurs when an authoritarian leadership is motivated by a distinct ideology.
Choose correct answer/s
True
False
To unlock the question
Question 15
True/False
Capitalism is an economic system in which the means of production are owned and controlled privately.
Choose correct answer/s
True
False
To unlock the question
Question 16
True/False
Political stability is a key part of government efforts to attract foreign investment to their country.
Choose correct answer/s
True
False
To unlock the question
Question 17
True/False
Foreign direct investment refers to the investment in a company's stocks,bonds,or assets,but not for the purpose of controlling or directing the firm's operations or management.
Choose correct answer/s
True
False
To unlock the question
Question 18
True/False
Companies make portfolio investment by participating in a joint venture with a foreign company.
Choose correct answer/s
True
False
To unlock the question
Question 19
True/False
The foreign direct investment made by a company is primarily a part of its long-term strategy.
Choose correct answer/s
True
False
To unlock the question
Question 20
True/False
Governments want to be able to control and regulate the flow of FDI,so that local political and economic concerns are addressed.