5. A firm that would like to develop a global supply chain would:

a. Check products that were manufactured abroad for defects in their home country.

b. Purchase raw materials, components, or supplies from sellers in other countries.

c. Manufacture components or supplies in other countries.

d. Sell raw materials, components, or supplies produced at home abroad.

6. The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

True or False

7. The primary goal of a "vulture fund" is to:

a. Make a profit.

b. Increase global financial stability.

c. Provide countries with debt relief.

d. Payback loans in default.

8. Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

True or False

9. A free enterprise system refers to:

a. Property ownership by a centralized government.

b. An index of economic freedom.

c. A mix of privately owned and government-controlled economic assets.

d. Economic assets that are privately owned and exchanged in an open market.

10. The deep anti-Americanism that exists in some parts of the world is thought to be caused by:

a. An upswing in the number of Communist countries in the world.

b. Increased local culture and religious diversity.

c. Resentment of cultural penetration from U.S.-based multinational enterprises.

d. Expanded regional health and environmental standards.

11. Global market channels involve a firm producing goods in:

a. Their home country to sell at home.

b. A foreign country to sell abroad.

c. Their home country and exporting them to other countries.

d. A foreign country to sell at home.