Reference no: EM133039191

Question 1: Select the best response: If you supported mercantilism, you would agree to:

• Accumulation of precious metals is an activity essential to a nation's welfare.
• Industrial development is the primary source of a nation's wealth.
• Trade policies that generally benefitted consumers and emerging industrialists should be promoted.
• More than one nation can maintain a comparative advantage.

Question 2: Environmental sustainability is global and local because:

• It is a political issue as well as an academic one.
• Business has become global, so sustainability must follow the trend.
• Governments are not prepared to address environmental issues beyond the UN.
• Environmental conditions do not recognize national borders.

Question 3: This suggestion was made by E.T. Hall to do in order to learn another culture:

• Considerable amount of money and time to take guided tours in the other culture.
• Spend a lifetime in the other culture.
• Time studying the language of the other culture.
• Considerable time with people in your culture.

Question 4: Firms operating across borders deal with three kinds of environments:

• Stereotypical, multicultural, foreign
• None are listed
• Geographic, political, economic
• Initial, secondary, primary

Question 5: Mountains with nations that divide the into smaller areas include:

• Canada, the United States, and Estonia.
• Switzerland, Afghanistan, China, and Colombia
• Luxembourg, France, and Romania
• None of the above.

Question 6: American goods exported to three largest markets in 2017 were:

• Japan, the United Kingdon, and China
• China, Mexico, and the United States
• Canada, Japan, and India
• Mexico, Canada, and China

Question 7: Geographical proximity contributes to:

• Limited knowledge of the country by its neighbors.
• Standardized freight costs.
• The likelihood of trade relationships.
• Distrust and contempt.

Question 8: The text states that the stability of government has to do with:

• Policies that are permanent or change gradually.
• Democratic processes and free elections.
• A commitment to military strength.
• Leadership that listens to citizens and responds to their needs.

Question 9: When you consider world trade, it mostly consists of exchanges:

• Among non-bordering countries
• Between geographic regions
• Between state-owned enterprises
• Within geographic regions

Question 10: A measure that government utilizes to extract money from other businesses is:

• They would privatize businesses
• They would enact isolationism
• They would nationalize businesses
• None of the above