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15 Cards in this Set
- Front
- Back
Internationalization is the vision of creating one world unit, a single market entity
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False
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The countries of the Association of Southeast Asian nations are challenging China's position as
destinations for low cost production and export. |
True
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The ultimate objective of the EU is to eliminate all trade barriers among member countries
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True
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A keiretsu is a government agency in South Korea
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False
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Chaebols are very large, family held Korean conglomerates that have considerable political and
economic power. |
True
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Emerging markets are developed economies that exhibit sustained economic reform and growth.
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False
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The protective principle holds that every nation has the right of jurisdiction within its legal
territory. |
False
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Under the act of state doctrine, all acts of other governments are considered to be valid by U.S.
courts, even if such acts are inappropriate in the United States. |
True
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Trade agreements do not require that trade benefits accorded to one nation be extended to other
nations' parties to that agreement. |
False
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Technology does not have the potential to displace employees holding positions traditionally
reserved for human thinking. |
True
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The global organization of countries that oversees rules and regulations for international trade and
investment, including agriculture, intellectual property, services, competition and subsidies is the: A. WTO B. NAFTA C. WIPO D. ITO |
A
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The following are characteristics of the BRIC economies except:
A. Demand for higher priced goods is expected to continue to be low in the future B. The BRIC economies share of world growth is expected to rise to about 40% by 2025 C. Per capita income in the BRIC countries is rising D. Demand for basic goods will be strong |
A
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_____ is New Zealand’s largest trading partner, a position it has held for many years.
A. USA B. China C. Australia D. Japan |
C
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One of the biggest impediments to attracting more foreign investment in Russia is:
A. Legal mandates B. Economic opportunities C. Political corruption D. Religious practices |
C
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Multinational corporations in China are faced with a multitude of problems except:
A. Government regulations B. Questionable treatment C. Market growth opportunities D. Understanding what is needed from investors |
C
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