Assignment Instructions/ Description
esults Displayed Submitted Answers, Correct Answers, FeedbackQuestion 11.5 out of 1.5 points
The top two countries in terms of international merchandise trade are ________.Selected Answer: Correct China and the United StatesCorrect Answer: Correct China and the United StatesResponse Feedback: Correct. The top two countries in terms of international merchandise trade are China and the United States.Question 21.5 out of 1.5 points
Firms internationalize for a variety of reasons. Reasons for internationalization include ________.Selected Answer: Correct All of the answers are correct.Correct Answer: Correct All of the answers are correct.Response Feedback: Correct. Reasons for internationalization include finding opportunity through market diversification, earning higher margins and profits, gaining access to lower-cost or better value factors of production, and more.Question 31.5 out of 1.5 points
The dimensions of market globalization include ________.Selected Answer: Correct All of the answers are correct.Correct Answer: Correct All of the answers are correct.Response Feedback: Correct. The dimensions of market globalization include the integration and interdependence of national economies; the rise of regional economic blocs; the growth of investment and financial flows; the convergence of consumer lifestyles and preferences; the globalization of production; and the globalization of services.Question 41.5 out of 1.5 points
The total value of goods and services produced in a country in a year's time is called ________.Selected Answer: Correct gross domestic product (GDP)Correct Answer: Correct gross domestic product (GDP)Response Feedback: Correct, the total value of goods and services produced in a country in a year's time is called gross domestic product (GDP).Question 51.5 out of 1.5 points
The risks of international business include ________.Selected Answer: Correct All of the answers are correct.Correct Answer: Correct All of the answers are correct.Response Feedback: Correct. The risks of international business include cross-cultural risk, country risk, currency (financial risk), and commercial risk.Question 61.5 out of 1.5 points
In 1947, the ________ of 23 nations created the General Agreement on Tariffs and Trade, which reduced barriers to international trade and investment.Selected Answer: Correct Bretton Woods ConferenceCorrect Answer: Correct Bretton Woods ConferenceResponse Feedback: Correct. In 1947, the Bretton Woods Conference of 23 nations created the General Agreement on Tariffs and Trade, which reduced barriers to international trade and investment.Question 71.5 out of 1.5 points
The top two countries in terms of headquarters locations for the world's largest multinational enterprises are ________.Selected Answer: Correct the United States and ChinaCorrect Answer: Correct the United States and ChinaResponse Feedback: Correct. The top two countries in terms of headquarters locations for the world's largest multinational enterprises are the United States and China, with 132 and 110 respectively.Question 80 out of 1.5 points
The fifth (and current) phase of globalization is characterized by ________.Selected Answer: Incorrect None of the answers is correct.Correct Answer: Correct leveraging technology to facilitate trade and local production and the diminishing growth of trade in merchandise goodsResponse Feedback: Actually, it is characterized by leveraging technology to facilitate trade and local production and the slowing growth of trade in merchandise goods, as shown in Exhibit 2.1 and Pages 32–34 of Cavusgil et al. (2020).Question 90 out of 1.5 points
From 2000 to 2017, the use of shipping containers to transport materials ________.Selected Answer: Incorrect stayed the sameCorrect Answer: Correct rose by over 200%Response Feedback: Actually, the use of shipping containers rose by over 200% from 2000 to 2017, as shown on Page 42 of Cavusgil et al. (2020).Question 101.5 out of 1.5 points
The driving forces of globalization include ________.Selected Answer: Correct All of the answers are correct.Correct Answer: Correct All of the answers are correct.Response Feedback: Correct. The driving forces of globalization include worldwide reduction of barriers to trade and investment; market liberalization; the adoption of free markets; industrialization; economic development; modernization; and advances in technology.
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