1))

Please identify the inaccurate statement concerning the ex-Communist nations of Central and Eastern Europe and Asia.

Select one:

a. The economies of most of the former Communist states are very strong and developed.

b. Many of the former Communist nations of Europe and Asia share a commitment to free market economies.

c. For about half a century these countries were essentially closed to Western international business.

d. As a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries is very high.

2))

Please identify which of the followings best describes the situation, when a firm "exports jobs" overseas.

Select one:

a. The firm is taking advantage of lower wages in foreign markets.

b. The firm is increasing the demand of qualified domestic workers.

c. The firm is deceiving the supporters of globalization.

d. The firm is helping domestic workers by pushing up wage rates.

3))

Please identify which of the following does not constitute a barrier that makes it difficult for companies to accomplish the optimal dispersion of their productive activities to locations around the world.

Select one:

a. Government regulations.

b. Issues associated with economic and political risk.

c. Reduced transportation costs.

d. Barriers to foreign direct investment.

4))

Please identify which of the following observations regarding Latin American countries is accurate.

Select one:

a. Complete restrictions on direct investment by foreign firms.

b. Characterized by low growth, high debt, and hyperinflation.

c. Debt and inflation are up compared to previous decades.

d. Substantial opportunities exist, but are accompanied by substantial risks.

5))

Which of the following statements pertaining to the changing demographics of world GDP and trade from 1963 to 2020 is not true?

Select one:

a. As emerging economies continue to grow, a relative decline in the share of world output and world exports accounted for by the U.S. seems unlikely.

b. A decline in the share enjoyed by rich industrialized countries such as Great Britain, Germany, Japan, and the U.S. is likely.

c. If current trends continue, the Chinese economy could be larger than that of the U.S. on a purchasing power parity basis.

d. Forecasts predict a rapid rise in the share of world output accounted for by some developing nations.