Question 711 pts

Airbus competes on the basis of price while selling a standardized or homogeneous product. The company is using a ________ strategy.

transnational

global

multidomestic

domestic

national

Question 721 pts

According to the theory of comparative advantage, if the U.S. and Mexico increase their trade with each other, the two countries will experience ________ standards of living.

no change in

higher

rapidly decreasing

slightly lower

identical

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Question 731 pts

The nation of North Xi has a ________ currency that cannot be exchanged in a foreign exchange market.

countertrade

nonconvertible

flexible

fixed

freely floating

Question 741 pts

Apple's selling iPhones to customers in Africa, Asia, and Europe is an example of the globalization of ________.

production

markets

offshoring

manufacturing

outsourcing

Question 751 pts

An American company enters the Mexican market by sharing ownership of a subsidiary firm with a Mexican company. This is an example of a(n) ________.

contract manufacturing arrangement

joint venture

strategic alliance

export agreement

franchise

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Question 761 pts

Localization is the movement toward a more interconnected and interdependent world economy.

True

False

Question 771 pts

U.S importers prefer a(n) ________ dollar.

international

weak

depreciating

strong

steady

Question 781 pts

All of the following contribute to accelerating globalization EXCEPT ________.

a growing role for developing nations

a rise in non-U.S. foreign direct investment

an increase in democratization

a rise in multinational enterprises

an increase in trade and investment barriers

Question 791 pts

A U.S. company exports products to Russia. The prices of the U.S. products in Russia are going up because the value of the dollar has ________ against Russia's currency.

depreciated

stabilized

risen

fallen

equalized

Question 801 pts

Even though the nation of Lambda lost in the arbitration of a WTO trade dispute, Lambda can ignore the result because the WTO has no enforcement power.

True

False