Javi Lpz Gmz
Quiz von , erstellt am more than 1 year ago

Quiz am global economy, erstellt von Javi Lpz Gmz am 13/03/2016.

8
0
0
Javi Lpz Gmz
Erstellt von Javi Lpz Gmz vor mehr als 8 Jahre
Schließen

global economy

Frage 1 von 51

1

Choose the correct answer. Economic globalization is:

Wähle eine der folgenden:

  • The process that expands international trade, international investment, and immigration relative to national output, investment, and population growth.

  • The process that merely expands international trade

  • The process that merely expands international investment.

Erklärung

Frage 2 von 51

1

Which are the mayor aspect of economic globalization identified by economic literature:

Wähle eine der folgenden:

  • Only globalization of consumption

  • Only globalization of production and ownership

  • Both a) and b) as globalization of labor

Erklärung

Frage 3 von 51

1

Which type of economic globalization typically refers to the growing volume of international trade?

Wähle eine der folgenden:

  • Globalization in consumption

  • Globalization in labor

  • Globalization in of production and ownership

Erklärung

Frage 4 von 51

1

Choose the correct answer. Direct Foreign Investment (FDI):

Wähle eine der folgenden:

  • Brings only an expansion of the physical capital stock

  • rings only knowledge about management techniques.

  • a) and b) as technical innovation and knowledge about production

Erklärung

Frage 5 von 51

1

Globalization of labor Implies:

Wähle eine der folgenden:

  • That the nationality of the owner and controller of productive assets becomes independent of the nation housing them.

  • An increasing number of workers who make products and services for export or cross borders for work.

  • That the nation in which a product was made becomes independent of the nationality of the consumer.

Erklärung

Frage 6 von 51

1

What aspect of economic globalization implies that the nation in which a product was made becomes independent of the nationality of the consumer?

Wähle eine der folgenden:

  • Globalization in consumption

  • Globalization in labor

  • Globalization in of production and ownership

Erklärung

Frage 7 von 51

1

)Which type of economic globalization typically refers to the phenomenon of rising cross-border financial flows (financial globalization)?

Wähle eine der folgenden:

  • globalization of labor and con

  • globalization of production and ownership

  • Direct Foreign Investment (FDI)

Erklärung

Frage 8 von 51

1

Choose the correct answer. Related with the globalization in labor, there have also been increasing flows of migrants across borders (international labor migration), through:
a) Legal routes only
b) Informal routes only
c) Both legal and informal routes.

Wähle eine der folgenden:

  • Legal routes only

  • Informal routes only

  • Both legal and informal routes.

Erklärung

Frage 9 von 51

1

Which is the name given to the best educated generation in human history and the generation of digital natives?

Wähle eine der folgenden:

  • X Generation

  • Generation Y

  • New generation

Erklärung

Frage 10 von 51

1

If we say that the demand for workers is being most pronounced in emerging markets thanks to continued brisk growth in most of these economies, regarding which phenomenon are we talking about?

Wähle eine der folgenden:

  • Tectonic market shifts are transforming the global business landscape.

  • A new “geography of talent”

  • Digital skills and Agile thinking

Erklärung

Frage 11 von 51

1

Choose the correct answer.
a) The speed of the globalization process is closely related to the ability of the state to supply the conditions of a successful market economy.
b) Globalization appears as the new ideology of capitalism.
c) Both a) and b) are right

Wähle eine der folgenden:

  • The speed of the globalization process is closely related to the ability of the state to supply the conditions of a successful market economy.

  • Globalization appears as the new ideology of capitalism.

  • Both a) and b) are right

Erklärung

Frage 12 von 51

1

Free trade refers to:
a) A situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country.
b) A situation that allows to arbitrage in order to earn profits from the price difference between previously separated markets
c) Both a) and b) are right

Wähle eine der folgenden:

  • A situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country.

  • A situation that allows to arbitrage in order to earn profits from the price difference between previously separated markets

  • Both a) and b) are right

Erklärung

Frage 13 von 51

1

Which wave of globalization was focused on integration between rich countries as Europe, North America and Japan restored trade relations through a series of multilateral trade liberalizations?

Wähle eine der folgenden:

  • First wave (1870-1914)

  • Second Wave (1950-1980)

  • Third wave (1980-present)

Erklärung

Frage 14 von 51

1

Which wave of globalization was sparked by advances in transport and reductions in trade barriers such that the level of exports to world income doubled to 8 percent as international trade boomed?

Wähle eine der folgenden:

  • First wave(1870-1914)

  • Second Wave (1950-1980)

  • Third wave (1980-present)

Erklärung

Frage 15 von 51

1

Which wave of globalization sparked that 10 percent of the world's population moved to new countries searching for better jobs?

Wähle eine der folgenden:

  • First wave(1870-1914)

  • Second Wave (1950-1980)

  • Third wave (1980-present)

Erklärung

Frage 16 von 51

1

Choose the correct answer. After World War II:

Wähle eine der folgenden:

  • Advanced countries made a commitment to higher barriers to trade and investment.

  • Since 1950, average tariffs have increased significantly

  • Advanced countries made a commitment to lower barriers to trade and investment.

Erklärung

Frage 17 von 51

1

Free trade refers to a situation where:

Wähle eine der folgenden:

  • Government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country

  • Government tend to intervene in international trade to protect the interests of politically important groups

  • Both a) and b) are right

Erklärung

Frage 18 von 51

1

A tariff is an instrument of trade policy that consist in:

Wähle eine der folgenden:

  • A government payment to a domestic producer

  • A tax levied on imports that effectively raises the cost of imported products relative to domestic products

  • A direct restriction on the quantity of some good that may be imported into a country

Erklärung

Frage 19 von 51

1

A subsidy is an instrument of trade policy that consist in:

Wähle eine der folgenden:

  • A government payment to a domestic producer

  • A tax levied on imports that effectively raises the cost of imported products relative to domestic products

  • A direct restriction on the quantity of some good that may be imported into a country

Erklärung

Frage 20 von 51

1

An Import quota is an instrument of trade policy that consist in:
a) A government payment to a domestic producer
b) A tax levied on imports that effectively raises the cost of imported products relative to domestic products
c) A direct restriction on the quantity of some good that may be imported into a country

Wähle eine der folgenden:

  • A government payment to a domestic producer

  • A tax levied on imports that effectively raises the cost of imported products relative to domestic products

  • A direct restriction on the quantity of some good that may be imported into a country

Erklärung

Frage 21 von 51

1

The extra profit that producers make when supply is artificially limited by an import quota is:
a) A Voluntary export restraints
b) A quota rent
c) A Tariff rate quota

Wähle eine der folgenden:

  • A Voluntary export restraints

  • A quota rent

  • A Tariff rate quota

Erklärung

Frage 22 von 51

1

) Choose the wrong answer.

Wähle eine der folgenden:

  • Tariffs are unambiguously pro-producer and anti-consumer and reduce the overall efficiency of the world economy

  • Subsidies help domestic producers compete against low-cost foreign imports

  • Tariffs are unambiguously pro-consumer and anti-producer and increase the overall efficiency of the world economy

Erklärung

Frage 23 von 51

1

Choose the right answer. Ad valorem tariffs:

Wähle eine der folgenden:

  • Are levied as a fixed charge for each unit of a good imported

  • Are levied as a proportion of the value of the imported good

  • Are a hybrid of a quota and a tariff where a lower tariff is applied to imports within the quota than to those over the quota

Erklärung

Frage 24 von 51

1

A local content requirement is an instrument of trade policy that:
a) Demands that some specific fraction of a good be produced domestically
b) Establishes bureaucratic rules that are designed to make it difficult for imports to enter a country
c) Forbids selling goods in a foreign market below their cost of production.

Wähle eine der folgenden:

  • Demands that some specific fraction of a good be produced domestically

  • Establishes bureaucratic rules that are designed to make it difficult for imports to enter a country

  • Forbids selling goods in a foreign market below their cost of production.

Erklärung

Frage 25 von 51

1

Administrative trade polices is an instrument of trade policy that:

Wähle eine der folgenden:

  • Demands that some specific fraction of a good be produced domestically

  • Establishes bureaucratic rules that are designed to make it difficult for imports to enter a country

  • Forbids selling goods in a foreign market below their cost of production.

Erklärung

Frage 26 von 51

1

Which of these trade policies hurt consumers by denying access to possibly superior foreign products?

Wähle eine der folgenden:

  • local content requirement

  • Antidumping policies

  • Administrative trade

Erklärung

Frage 27 von 51

1

Which of these trade policies are designed to punish foreign firms in order to protect domestic producers from “unfair” foreign competition?

Wähle eine der folgenden:

  • local content requirement

  • Antidumping policies

  • Administrative trade

Erklärung

Frage 28 von 51

1

Choose the wrong answer. Local content requirements:

Wähle eine der folgenden:

  • Punish domestic producers and jobs, but consumers face lower prices

  • Benefits domestic producers and jobs, but consumers face higher prices

  • Requirement can be in physical terms or in value terms

Erklärung

Frage 29 von 51

1

Which type of arguments exit in order justify the government intervention in trade?

Wähle eine der folgenden:

  • Legal arguments only

  • Political arguments only

  • Political and economic arguments mainly

Erklärung

Frage 30 von 51

1

Choose the right answer. Political reasons argued in order to justify government intervention:

Wähle eine der folgenden:

  • are typically concerned with protecting the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers)

  • are typically concerned with boosting the overall wealth of a nation (to the benefit of all, both producers and consumers)

  • Both a) and b) are right.

Erklärung

Frage 31 von 51

1

Choose the right answer. Economic arguments for government intervention in international trade include:

Wähle eine der folgenden:

  • Protecting jobs, protecting industries deemed important for national security, retaliating to unfair foreign competition

  • The infant industry argument and Strategic trade policy

  • Both a) and b) are right

Erklärung

Frage 32 von 51

1

Choose the right answer. The infant industry argument suggests that:

Wähle eine der folgenden:

  • An industry should be protected until it can develop and be viable and competitive internationally.

  • In cases where there may be important first mover advantages, governments can help firms from their countries attain these advantages

  • Both a) and b) are right

Erklärung

Frage 33 von 51

1

Choose the right answer. The Strategic Trade Policy suggests that:

Wähle eine der folgenden:

  • In cases where there may be important first mover advantages, governments can help firms from their countries attain these advantages

  • Governments can help firms overcome barriers to entry into industries where foreign firms have an initial advantage

  • Both a) and b) are right

Erklärung

Frage 34 von 51

1

Choose the right answer. New trade theorists believe:

Wähle eine der folgenden:

  • government intervention in international trade is always justified

  • government intervention in international trade is never justified

  • Both a) and b) are wrong

Erklärung

Frage 35 von 51

1

Choose the right answer. Classic trade theorists believe:

Wähle eine der folgenden:

  • Disagree with new trade theorists

  • Agree partially with some new trade theorists

  • While strategic trade theory is appealing in theory, it may not be workable in practice – they suggest a revised case for free trade

Erklärung

Frage 36 von 51

1

) Who famous economist argues that strategic trade policies aimed at establishing domestic firms in a dominant position in a global industry are beggar-thy-neighbor policies that boost national income at the expense of other countries. A country that attempts to use such policies will probably provoke retaliation

Wähle eine der folgenden:

  • Adam Smith

  • David Ricardo

  • Paul Krugman

Erklärung

Frage 37 von 51

1

Which was the philosophy that guided European thinking about international trade in the several centuries before Adam Smith?

Wähle eine der folgenden:

  • Mercantilism

  • Imperialism

  • Colonialism

Erklärung

Frage 38 von 51

1

Choose the right answer. Mercantilists viewed international trade:

Wähle eine der folgenden:

  • as a source of major benefits to a nation

  • As a zero-sum activity

  • Both a) and b) are right

Erklärung

Frage 39 von 51

1

Choose the right answer. A central belief of mercantilist was:

Wähle eine der folgenden:

  • That national well-being or wealth was based on national holdings of gold and silver.

  • The government regulation of trade was necessary to provide the largest national benefits.

  • Both a) and b) are right

Erklärung

Frage 40 von 51

1

Choose the right answer. Based on mercantilist thinking, governments:

Wähle eine der folgenden:

  • Imposed an array of taxes and prohibitions to limit imports

  • Subsidized and encouraged exports.

  • Both a) and b) are right

Erklärung

Frage 41 von 51

1

Choose the right answer. Neo-mercantilists believe that:

Wähle eine der folgenden:

  • Exports are good because they create jobs in the country, and imports are bad because they take jobs from the country. Neo-mercantilists continue to depict trade as a zero-sum activity.

  • Imports are good because they create jobs in the country, and exports are bad because they take jobs in more country.

  • With the Economic Globalization international trade is not a zero-sum activity.

Erklärung

Frage 42 von 51

1

What are the key factors of influencing the development of trade from the point of Krugman model?

Wähle eine der folgenden:

  • Product differentiation

  • Economies of Scale

  • Global Economics

Erklärung

Frage 43 von 51

1

What is the countries trading goal based on, in order to maximize the Profit regarding to the Krugman model?

Wähle eine der folgenden:

  • Demand

  • Economies of Scale

  • Product differentiations

Erklärung

Frage 44 von 51

1

What is not an advantage of the Krugman model?

Wähle eine der folgenden:

  • Economies of scales are possible

  • Comparative advantage for products

  • No specification between countries

Erklärung

Frage 45 von 51

1

Who benefits the most from the Krugman model?

Wähle eine der folgenden:

  • Developed countries

  • Multinational companies

  • Developing countries

Erklärung

Frage 46 von 51

1

Which theory is giving the benefit of selling on the lowest costs?

Wähle eine der folgenden:

  • Krugman model

  • Gravity model

  • Product lifecycle

Erklärung

Frage 47 von 51

1

Which types of intra-industry trade theory are there?

Wähle eine der folgenden:

  • Horizontal and parallel

  • Vertical and parallel

  • Horizontal and vertical

Erklärung

Frage 48 von 51

1

This type of intra-industry trade theory refers to the simultaneous exports and imports of goods classified in the same sector and at the same stage of processing…

Wähle eine der folgenden:

  • Horizontal

  • Vertical

  • Parallel

Erklärung

Frage 49 von 51

1

) Why do countries implement the intra-industry trade theory?

Wähle eine der folgenden:

  • Lower transportation costs near borders

  • Overlapping demand segments

  • All of the above are correct

Erklärung

Frage 50 von 51

1

Which one of the answers is wrong? The product life cycle theory:

Wähle eine der folgenden:

  • Explains the expected life cycle of a typical product from design to obsolescence.

  • Is divided into the phases of product introduction, product growth, maturity, and decline.

  • Its goal is to minimize its value and profitability at each stage.

Erklärung

Frage 51 von 51

1

The product life cycle theory regarding the international trade theory consists in:

Wähle eine der folgenden:

  • Introduction, growth, maturity and decline

  • Introduction, expansion, maturity and decline

  • Introduction, development, maturity and decline

Erklärung