ibus quiz 3 answer

ibus quiz 3 answer - Question 1 Marks: 2 Economies of scale...

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Question 1 Marks: 2 Economies of scale are when firms increase their fixed costs per unit by ratioanlizing their value added chains. Answer: True False Correct Marks for this submission: 2/2. Question 2 Marks: 2 The Heckscher-Ohlin theory ________. Choose one answer. a. maintains that a country's wealth is measured by its holdings of gold and silver b. states that a country should produce and export those goods for which it is relatively more productive than other countries and import those goods for which other countries are relatively more productive than it is c. suggests that a country should export those goods for which it is more productive than other countries, and trade for those goods for which other countries are more productive d. suggests that a country will have a comparative advantage in producing products that intensively use resources it has in abundance e. argues that most trade in manufactured goods should be between countries with similar per capita incomes Correct Marks for this submission: 2/2. Question 3 Marks: 2 The extent to which members of an organization follow basic ethical standards of behavior is ________. Choose one answer. a. wa b. legal compliance c. guanxi d. whistle-blowing e. ethical compliance Correct Marks for this submission: 2/2. Question 4 Marks: 2 Alcoa's gift of $12,000 to a small town in Brazil to build a sewage treatment plant is an example of ________. Choose one answer. a. guanxi
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b. legal compliance c. basic ethical standards of behavior d. ethical compliance e. philanthropic giving Correct Marks for this submission: 2/2. Question 5 Marks: 2 There can be more than one firm in a monopoly. Answer: True False Correct Marks for this submission: 2/2. Question 6 Marks: 2 Which world region is responsible for most of the world's merchandise exports? Choose one answer. a. Canada b. China c. the United States d. the European Union e. Japan Correct Marks for this submission: 2/2. Question 7 Marks: 2 What is the purpose of the Alien Tort Claims Act? Choose one answer. a. It protects individuals from human rights abuses. b. It eliminates bribery in international business transactions. c. It prohibits the offering of bribes to any foreign government official. d. It prohibits conflicts of interest among employees of international businesses. e. It inspects working conditions of factories in developing countries. Correct Marks for this submission: 2/2. Question 8 Marks: 2 The Product Life Cycle is based on economies of scale. Answer: True False
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Incorrect Marks for this submission: 0/2. Question 9 Marks: 2 What flaw exists in the theory of absolute advantage? Choose one answer. a. It incorporates the concept of opportunity cost in determining which good a country should produce. b. It looks only at relative productivity differences.
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ibus quiz 3 answer - Question 1 Marks: 2 Economies of scale...

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