World Economies

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Questions Bank

Introduction
International Trade and Foreign Direct Investment
Culture and Business
World Economies
Global and Regional Economic Cooperation and Integration
International Monetary System
Foreign Exchange and the Global Capital Markets
International Expansion and Global Market Opportunity Assessment
Exporting,Importing,and Global Sourcing
Strategy and International Business
Global Entrepreneurship and Intrapreneurship
Winning Through Effective,global Talent Management
Harnessing the Engine of Global Innovation
Competing Effectively Through Global Marketing,Distribution,and Supply-Chain Management
Understanding the Roles of Finance and Accounting in Global Competitive Advantage

All Questions

Question 1

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True/False

If a country has a large black,or underground,market for transactions,it will not be included in the official GDP.

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Question 2

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True/False

The total size of the economy is a better indicator of the strength of the local economy and the market opportunity for a new consumer product than the income per person.

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Question 3

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True/False

The GDP per person adjusted for purchasing power helps professionals to evaluate what consumers in the local market can actually afford.

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Question 4

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True/False

The nominal per capita GDP can be misleading because actual costs in each country differ.

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Question 5

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True/False

Companies selling expensive goods and services are more interested in economies with low per capita GDP.

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Question 6

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The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller than those for the developing nations.

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Question 7

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In a country,if the per capita GDP adjusted for purchasing power is lower than the nominal per capita GDP,it implies that local consumers can afford more with their incomes.

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Question 8

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The German law guarantees free unregulated private enterprise.

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Question 9

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The World Trade Organization (WTO) has given clear definitions for "developed" and "developing" countries.

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Question 10

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Developing countries enjoy benefits in some WTO Agreements such as longer transition periods before they are required to fully implement the agreement.

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Question 11

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If a WTO member announces itself as a developing country it automatically means that it will benefit from the unilateral preference schemes of some of the developed country members.

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Question 12

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The economies of developing countries usually rely heavily on one or more key industries,often related to commodities like oil,minerals mining,or agriculture.

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Question 13

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One of the peculiar features of the UAE is that expatriates outnumber the local citizens,or nationals.

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Question 14

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In some industries in the UAE,it is mandatory for companies outside the free-trade zone to have an Emirati sponsor or partner.

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Question 15

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In the WTO,it is the preference giving country,which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).

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Question 16

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Africa serves as an attractive destination for investors because of its low trade tariffs and the untapped spending power of the African population.

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Question 17

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A single language and a homogeneous cultural identity in Africa make it easier for advertisement companies to reach a wider audience with their ads.

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Question 18

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Companies from emerging markets should play an important role in the process of transition to the global emerging market,as they have a great deal of experience operating in conditions of non-developed economies.

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Question 19

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The early 1980s saw the gradual transition of the Chinese economy from a centrally planned economy toward a market-driven economy.

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Question 20

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In 1979 China instituted economic reforms,which benefitted only the urban centers and relegated the local provinces to further poverty and neglect.

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