Question :
11.The trading bloc MERCOSUR located in _____.
a.Europe
b.Latin America
c.North America
d.Asia
12.The trading : 1318228
11.The trading bloc MERCOSUR is located in _____.
a.Europe
b.Latin America
c.North America
d.Asia
12.The trading bloc ASEAN is located in _____.
a.Asia
b.Europe
c.North America
d.South America
13.Which of the following is true of world trade?
a.World trade has deeply affected domestic policymaking.
b.World trade has led to an increase in the role of primary commodities in international trade.
c.World trade has decreased the challenge of companies to stay in leadership position.
d.World trade has resulted in the decrease of international debt by governments.
14.World trade has forged a network of global linkages that bind us all—countries, institutions, and individuals—much more closely than ever before. These linkages were first widely recognized during the:
a.worldwide oil crisis of 1970.
b.Gulf War II.
c.1994 economic crisis.
d.financial crisis that was triggered in 2007.
15.As a result of the March 2011 earthquake and tsunami off the northeastern coast of Japan, the “just in time” supply chains of the _____, semiconductor, smartphone, digital camera, and personal computer industries were immediately jeopardized around the world.
a.textile
b.automotive
c.healthcare
d.cosmetic
16.Which of the following is true of global linkages?
a.Global linkages were first widely recognized during the 1994 economic crisis.
b.Global linkages led to the strengthening of the “just in time” supply chains around the world.
c.Global linkages have had no impact on far-away countries that consider themselves distant and independent of any particular economic event.
d.Global linkages have become more intense on an individual level.
17.Which of the following is true regarding technological innovation?
a.Technological innovation has complicated the production process.
b.Technological innovation has increased demand, therefore products are distributed at a higher cost.
c.Technological innovation allows for customization in order to meet diverse clients’ needs.
d.Technological innovation enables greater access to raw materials around the world which in turn increases production costs.
18.Advances in technology have:
a.complicated the distribution channel thereby making distribution a lengthy process.
b.allowed firms to separate their activities by content and context.
c.enabled firms to operate in a marketplace rather than a market space.
d.made the procurement of raw materials an expensive process.
19.The emergence of technology has created new markets for companies. Which of the following represents an example of this new tendency?
a.The construction of corner drugstores that replace gas stations
b.Listing of ingredients on the side panel labels of products distributed worldwide
c.Newspapers being distributed online globally
d.Storage facilities rented on a monthly basis
20.The shifts in financial flows due to global investments have resulted in:
a.more complex procedures to avail foreign capital.
b.more foreign-direct activities.
c.decreased international debts by governments.
d.increased rates of unemployment.
