QUESTION 19

1. ________ occurs between different states, regions, or cities within a country.

   Domestic trade

   Foreign direct investment

   International trade

   Mercantilism

   QUESTION 18

   The government of which of the following countries is currently a mix of communism and right-wing totalitarianism?

   India

   Iran

   Kenya

   China

   QUESTION 17

   A main difference between the two sides in the globalization debate is whether overall gains that may accrue to ________ are worth the lost livelihoods that ________ may suffer.

   some industries; organizations

   national economies; individuals

   certain businesses; geographic regions

   individuals; national economies

   QUESTION 16

   ________ makes the world market more accessible for companies that sell traditional products by lessening the cost and difficulties associated with global communication.

   Technology

   Merger-mania

   Licensing

   Financial capital

   QUESTION 15

   The sale of government-owned economic resources to private operators is called ________.

   the price mechanism

   laissez-faire economics

   privatization

   guanxi

   QUESTION 14

   A political system in which political leaders rely on military and bureaucratic power is called ________.

   secular totalitarianism

   secular anarchism

   theocratic totalitarianism

   communism

   QUESTION 13

   According to Hofstede, which of the following describes the degree of inequality between people in different occupations?

   Power distance

   Uncertainty avoidance

   Individualism

   Collectivism

   QUESTION 12

   The purchase of physical assets or a significant amount of ownership (stock) of a company in another country to gain a measure of management control is called ________.

   foreign direct investment

   portfolio investment

   mergers

   vertical integration

   QUESTION 11

   Laissez-faire economics refers to which of the following?

   		Less government interference in commerce and greater individual economic freedom
   		A centrally planned economic system
   		Government-controlled commerce and individual control effort
   		Creating monopolies through government partnership