A trade deficit B Gini coefficient C balance of payments D purchasing power

A trade deficit b gini coefficient c balance of

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A) trade deficit B) Gini coefficient C) balance of payments D) purchasing power parity Answer: C Diff: 1 Skill: Concept Objective: 5 AACSB: Application of knowledge 48) The two main categories in the balance of payments are the ________. A) merchandise exchange account and the services account B) external debt and the unilateral transfers account C) merchandise trade account and the capital account D) current account and the capital account Answer: D Diff: 2 Skill: Concept Objective: 5 AACSB: Application of knowledge 49) In a country's balance of payments, the ________ tracks all trade activity in merchandise. A) capital account B) current account C) payment account D) deficit account Answer: B Diff: 2 Skill: Concept Objective: 5 AACSB: Application of knowledge 50) An economic system is the set of structures and processes that ________ in a country. A) guides the allocation of resources and shapes the conduct of business activities B) directs the movement of specific products to specific consumers
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C) sets the standards of competitive success for companies in the economy D) stipulates the roles and responsibilities of consumers Answer: A Diff: 1 Skill: Concept Objective: 3 AACSB: Application of knowledge 51) Pender Pharmaceuticals is considering expanding overseas and is focusing primarily on the BRICs. Which of the following countries is one that Pender is considering? A) Indonesia B) Chile C) Russia D) Bangladesh Answer: C Diff: 2 Skill: Application Objective: 5 AACSB: Application of knowledge 52) Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________. A) minimal government intervention B) standardized minimum wages C) laws favoring sustainability D) state-run corporations Answer: A Diff: 2 Learning Outcome: Discuss arguments for and against government intervention in international business Skill: Application Objective: 2 AACSB: Analytical thinking
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53) Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________. A) monitor market prices B) control natural resources C) ensure fair competition D) provide innovation incentives Answer: C Diff: 2 Learning Outcome: Discuss arguments for and against government intervention in international business Skill: Application Objective: 3 AACSB: Reflective thinking 54) Presently, which of the following countries is best characterized as a pure example of a command economy? A) Russia B) North Korea C) China D) Vietnam Answer: B Diff: 2 Skill: Concept Objective: 3 AACSB: Application of knowledge 55) A firm with operations in Denmark can most likely expect all of the following EXCEPT ________. A) high taxes B) significant regulation C) tough job-protection laws D) minimal monetary policies Answer: D Diff: 2 Learning Outcome: Discuss arguments for and against government intervention in international business Skill: Application Objective: 3 AACSB: Analytical thinking
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56) According to the concept of green economics, measuring a country's economic performance should also take into account ________.
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