
International Business_Chapter 6
Authored by Trần Kha
Social Studies
University
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
39 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country?
A. Economic patriotism
B. Protectionism
C. Free trade
D. Offshoring
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a major benefit of engaging in free trade?
A. It helps to reduce the financial volatility in global markets.
B. It helps the countries protect the jobs that are available to their citizens.
C. It gives countries access to products that they cannot produce.
D. It allows the governments to exert more control on businesses.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
David Ricardo's theory of comparative advantage explains global trade in terms of the _____.
A. first mover advantage that certain countries and firms enjoy
B. geographical differences between various countries
C. international differences in labor productivity
D. late mover advantage that certain countries and firms possess
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods?
A. Porter's theory
B. Smith's theory
C. Ricardo's theory
D. Heckscher-Ohlin theory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the theory that supports the view that in some cases countries export for the reason that the world market can support only a limited number of firms.
A. Heckscher-Ohlin theory
B. Smith's theory
C. Ricardo's theory
D. New trade theory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Country A exports electronic goods from Country B although there are no underlying differences in factor endowments between the two countries. Which of the following theories explains this anomaly?
A. Comparative advantage theory
B. New trade theory
C. Ricardo's theory
D. Smith's theory
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following observations is consistent with Michael Porter's theory of national competitive advantage?
A. Factors such as domestic demand and domestic rivalry determine nations' dominance on production.
B. Countries should produce only those goods for which they have a comparative advantage.
C. Interplay between the factors of production cause international marketing decisions.
D. International differences in labor productivity determine nations' supremacy in production.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
34 questions
Kuis Agama dan Politik
Quiz
•
University
40 questions
Georgia Government Review 1
Quiz
•
8th Grade - University
39 questions
SEMANA 7_GEO
Quiz
•
University
40 questions
Quiz Manajemen Risiko Lembaga Keuangan Syariah
Quiz
•
University
40 questions
UAS CBM 2023
Quiz
•
University
40 questions
HP2 Bài 2
Quiz
•
University
35 questions
Antebellum America
Quiz
•
11th Grade - University
42 questions
The Material Self & The Spiritual Self
Quiz
•
4th Grade - Professio...
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade