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WorksheetsGlobal Marketplace and Business Centers
Total questions: 15
Worksheet time: 8mins
What is the global marketplace?
A platform for buying and selling goods and services within single country
An exchange where foreign currencies are traded
A term used to describe the economic system of a single country
A network of businesses worldwide engaged in buy and sell goods and service
What is the U.S. role in the world economy?
Plays a dominant role in global trade and finance
Relatively small in the world and has little influence on global economy
A developing economy that is to increase its role in the global market
How do differences in income levels and income distribution among countries affect international business?
No impact
Limit exports to lower income countries
Increase protectionism and trade barriers
Create opportunities in higher income markets
Which country's largest corporation in 2017 has the highest headquarters (HQs)?
United States of America
China
Japan
Germany
Which country has the best bilateral relations for exporting?
Malaysia-Indonesia
Canada-U.S
China-Africa
Germany-Russia
What are the problems related to the economic developments in Central America and the Caribbean?
Political stability, wealthy and adequate educational system
Poverty, inadequate educational system and political stability
Political instability, poverty, weak middle class and import limitation
What does MITI stand for?
Ministry of Economy, Trade and Industry
Ministry of International Trade and Industry
What role did the MITI serve in the Japanese economy?
To promote tourism and cultural exchange with other countries
To regulate the banking sector and maintain financial stability
To oversee the education system and develop human capital in Japan
To coordinate and implement industrial policy, promote international trade, and foster technological development in Japan
Which is true about Keiretsu?
A Japanese term for a business network of affiliated companies
Keiretsu members does not rely on sogo shosha
It is easier for outsiders to penetrate Japanese markets
A type of Japanese tea ceremony
Which countries are known as the Four Tigers?
Japan, South Korea, Singapore and Taiwan
China, South Korea, Japan and Thailand
Singapore, Malaysia, Indonesia and Thailand
South Korea, Taiwan, Singapore and Hong Kong
Why are the Four Tigers important to international business?
They are the world's largest producers of diamonds
It is because of their rapid strides toward economic development
Achieved low-income classification by the World Bank for more than a decade
They are the fastest land animals and symbolize speed and efficiency
What is a Chaebol?
A Chinese term for a government-sponsored economic development zone
A traditional Korean dish made from rice cakes and chili paste
A Korean term for a large business conglomerate with family-owned control
A type of Japanese animation popular around the world
Does Singapore have a labor surplus?
True
False
What is the role of natural resources and agriculture in Africa's economy?
Natural resources and agriculture are the primary drivers of economic growth in Africa, accounting for a large share of the region's exports and employment.
Natural resources and agriculture play a limited role in Africa's economy, as the region is heavily dependent on aid and investment from foreign sources.
Africa's economy is primarily based on manufacturing and services, with natural resources and agriculture accounting for a small share of output and employment.
Natural resources and agriculture have been important in the past, but their role is declining as African countries shift towards more diversified and knowledge-based economies.
How did import substitution policies affect the economies of Brazil and Argentina?
Led to rapid industrialization and growth
Had limited success and led to inefficiencies
Had mixed results, led to some growth but also contributed to inflation, debt, and dependency
Had little effect, implemented during periods of crisis and abandoned quickly
