Chapter 1 Assessing the Environment: Political, Economic, Legal, Technological

1) Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy?
A) communism
B) nationalization
C) socialism
D) globalization
Answer: D
Diff: 1
Chapter: 1
Skill: Concept
Objective: 1
AACSB: Dynamics of the global economy

2) ________ results from the lessening of trade barriers and the increased flow of goods and services, capital, labor, and technology around the world.
A) Economic integration
B) Nationalization
C) Protectionism
D) Mercantilism
Answer: A
Diff: 1
Chapter: 1
Skill: Concept
Objective: 1
AACSB: Dynamics of the global economy

3) In which of the following groups of trade blocs does most of today's world trade takes place?
A) Middle East, China, and India
B) North America, Africa, and Canada
C) Western Europe, Asia, and the Americas
D) Saudi Arabia, Western Europe, and the Gulf
Answer: C
Diff: 1
Chapter: 1
Skill: Concept
Objective: 1
AACSB: Dynamics of the global economy

4) The European Union currently consists of how many nations?
A) 12
B) 27
C) 34
D) 46
Answer: B
Diff: 1
Chapter: 1
Skill: Concept
Objective: 1

5) Which of the following best explains China's success in exporting?
A) low costs and steady stream of capital
B) geographic location in the world
C) high educational standards
D) close ties with Japan
Answer: A
Diff: 2
Chapter: 1
Skill: Concept
Objective: 1
AACSB: Dynamics of the global economy

6) Which of the following countries is today known as the world's services supplier, providing highly skilled and educated workers to foreign companies.
A) China
B) Brazil
C) Mexico
D) India
Answer: D
Diff: 2
Chapter: 1
Skill: Concept
Objective: 1
AACSB: Dynamics of the global