Mercantilism remains part of modern philosophiesin countries such as China, Singapore and Taiwan because:

Group of answer choices

the countries promote open and free trade among multidomestic firms

these countries reduce import monetary and non-monetary barriers.

the countries promote and enforce a combination of protectionist policies and import restrictions to achieve a trade surplus.

Both 1 and 3are correct.

2.The monetary system has evolved from ____________ to_______________.

Group of answer choices

gold to fixed exchange system

fixed exchange to floating exchange system.

floating exchange to fixed exchange system

In 2010, Google decided to pull out of the Chinese market as a result of the influence of two primary foreign environmental forces____________ and _________________.

Group of answer choices

legal and political.

competitors &topography.

economic & competitors

The United States, Canada & Germany are classified asdeveloped markets because:

Group of answer choices

Low GDP and human development index.

Low human development index,political unrest and high poverty.

Both 1 and 2 are correct.

transparent legal ®ulatory environment,competitive industries and high human development index.

Businesses face multiple constraints and barriers in developing as well as developed markets, in a developing market a business risks tangible and intangible assets due to

Group of answer choices

high infant mortality and illiteracy

political instability and corruption.

political stability and a predominant service based econmy.

The three statistics used to classify the United States economy as a developed or industrializednation include:

Group of answer choices

GDP, tariff and quotas.

GDP, monetary and fiscal policies.

GDP,per capita GDP &HDI.

1 and 2 are correct.

28.Venezuela's government nationalized major industries such as finance,media,petroleum, etc.,governments often nationalize in efforts to:

Group of answer choices

to innovate industries.

both 2 and 3 are correct.

to expand world-wide.

To extract more money from the firm and create jobs.

32.As discussed in class, the United Nations (UN) is a _________ institution as its policies and standards are based philosophies, views and values of members rather than a specific country's body of law.

Group of answer choices

informal

universal

formal

all of the above.

36.Tariffs are not a financial force; they are a political force.

Group of answer choices

True

False

37.Monetary policies control the collecting and spending of money by governments.

Group of answer choices

True

False

39.Market forces that set the relative prices of currencies are:

Group of answer choices

not influenced by government policies.

not influenced by world events.

influenced by many forces including forces external to business, such as world events.