quiz3 - Question 1 Marks 2 The market clears where demand...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 Marks: 2 The market “clears” where demand and supply meet. Answer: True False Correct Marks for this submission: 2/2. Question 2 Marks: 2 Which factors of production did Leontief focus on? Choose one answer. a. capital and labor b. labor and technology c. land and labor d. capital and technology e. land and technology Correct Marks for this submission: 2/2. Question 3 Marks: 2 According to the international product life cycle theory, the innovating firm's country is primarily an exporter of the product in all three stages. Answer: True False Correct Marks for this submission: 2/2. Question 4 Marks: 2 World trade initially grew after World War II, but in the last decade has dropped off and been replaced with FDI. Answer: True False Correct Marks for this submission: 2/2. Question 5 Marks: 2 Mercantilism ________. Choose one answer.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
a. maintains that a country's wealth is measured by its holdings of gold and silver b. suggests that a country will have a comparative advantage in producing products that intensively use resources it has in abundance c. argues that most trade in manufactured goods should be between countries with similar per capita incomes d. 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 e. 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 Correct Marks for this submission: 2/2. Question 6 Marks: 2 During which century were the first theories of international trade developed? Choose one answer. a. nineteenth b. seventeenth c. twentieth d. eighteenth e. sixteenth Correct Marks for this submission: 2/2. Question 7 Marks: 2 Which world region is responsible for most of the world's merchandise exports? Choose one answer. a. the European Union b. China c. the United States d. Japan e. Canada Correct Marks for this submission: 2/2. Question 8 Marks: 2 All of the following are ethical generalizations except ________. Choose one answer. a. ) individuals from the same cultural contexts will tend to have similar beliefs
Background image of page 2
b. individuals have their own belief systems c. individuals may not always be consistent with their beliefs d. All of these are ethical generalizations e. individuals can rationalize behavior Correct Marks for this submission: 2/2. Question 9 Marks: 2 Which of the following is not a factor that influences one's ethics? Choose one answer. a. All of these influence ethical beliefs b. Family c. Observation of others d. None of these influence ethical beliefs e. Religious beliefs f. Peers Correct Marks for this submission: 2/2. Question 10
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2011 for the course IBUS 330 taught by Professor Nicholson during the Spring '07 term at S.F. State.

Page1 / 11

quiz3 - Question 1 Marks 2 The market clears where demand...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online