Question 1

Thailand, Malaysia, and Indonesia were all recipients of significant FDI during the 1980s and 1990s because they offer ________.

Accepted Answer

Low labor costs in Thailand, Malaysia, and Indonesia attracted significant Foreign Direct Investment (FDI) during the 1980s and 1990s, as companies sought to reduce production costs.

Question 2

What is the most significant problem for Singapore today?

Accepted Answer

Singapore faces a significant challenge with labor shortages, primarily due to its small population and reliance on foreign workers in various sectors. This issue affects the country's ability to sustain and grow its economy.

Question 3

Which of the following best explains why Japan's economic growth has slowed?

Accepted Answer

Japan's economic growth has slowed partly due to import restrictions, which limit competition and innovation, affecting overall economic dynamism.

Question 4

Alfred Communications, a U.S. firm, is considering opening a facility in India. However, executives at the firm are not certain that India is the best location for investment. What is the most likely reason for management's concerns?

Accepted Answer

Rampant corruption is a common concern for foreign investors considering operations in India, as it can significantly increase the cost of doing business and introduce operational uncertainties.

Question 5

A sogo shosha is typically a member of a keiretsu.

Accepted Answer

A sogo shosha is a Japanese general trading company, and these companies are often part of larger corporate groups known as keiretsu, where they play a central role in trading and investment activities.

Question 6

Export promotion has been successfully applied by which of the countries listed below?

Accepted Answer

Taiwan has successfully applied export promotion strategies, transforming its economy into a major exporter of electronics and technology products.

Question 7

Which of the following is not a similarity between India and Great Britain?

Accepted Answer

The answer of Which of the following is not a...

Question 8

Because of its excellent port facilities, Singapore thrives on ________.

Accepted Answer

The answer of Because of its excellent port facilities, Singapore...

Question 9

Japan has been criticized for unfairly promoting its exports and at the same time protecting its markets from imports.

Accepted Answer

Japan has faced criticism for employing trade practices that favor its exports while implementing protective measures to limit imports, aiming to strengthen its domestic industries and maintain a favorable trade balance.

Question 10

Japan's remarkable growth rate has continued into the twenty-first century.

Accepted Answer

Japan has faced economic stagnation and slow growth since the 1990s, not maintaining the remarkable growth rates it experienced in the post-war period through the 1980s.

Question 11

Hinduism is the dominant religion in India.

Accepted Answer

Hinduism is the most widely practiced religion in India, with the vast majority of the country's population identifying as Hindu.

Question 12

Which two countries make up the Indian subcontinent?

Accepted Answer

The Indian subcontinent primarily consists of India and Pakistan, along with other countries like Bangladesh, Nepal, Bhutan, and Sri Lanka. Egypt and Iran are not part of the Indian subcontinent, and Afghanistan, while geographically close, is typically considered separate.

Question 13

The Ministry of International Trade and Industry helped spur Japan's rapid growth by guiding the investment strategies of Japanese firms.

Accepted Answer

The Ministry of International Trade and Industry (MITI) played a crucial role in Japan's post-war economic recovery and rapid growth by directing investment, fostering industries deemed strategic for national growth, and guiding the development of key sectors.

Question 14

Executives at Oswego Enterprises, a U.S. textile company, are discussing the idea of expanding into the Asian market by opening a facility in Hong Kong. Which of the following is a characteristic of Hong Kong?

Accepted Answer

Hong Kong is widely recognized as a gateway to mainland China, offering businesses strategic access to the Chinese market due to its unique position and historical trade relationships.

Question 15

Japan's economic success has been facilitated by its keiretsu.

Accepted Answer

Keiretsu, a set of companies with interlocking business relationships and shareholdings, has played a significant role in Japan's economic development by fostering close ties between manufacturers, suppliers, and banks, thus facilitating efficient business operations and innovation.

Question 16

________ is the world's most populous country.

Accepted Answer

China holds the title of the world's most populous country.

Question 17

All four countries that are part of the Four Tigers have a Chinese heritage.

Accepted Answer

The Four Tigers, also known as the Four Asian Tigers, include Hong Kong, Singapore, South Korea, and Taiwan. While Hong Kong and Taiwan have Chinese heritage, South Korea does not. Singapore has a significant Chinese population but is a multicultural nation.

Question 18

Asia is a source of both skilled and unskilled labor.

Accepted Answer

Asia is home to a diverse range of economies, from highly developed ones like Japan and South Korea to emerging markets such as India and China, providing both skilled professionals in technology, finance, and other sectors, as well as unskilled labor for manufacturing, agriculture, and services.

Question 19

Singapore's economy relies on re-exporting.

Accepted Answer

Singapore's economy heavily relies on re-exporting goods that are imported and then exported without significant transformation, benefiting from its strategic location and efficient port infrastructure.

Question 20

India was a colony of which country?

Accepted Answer

India was a colony of the United Kingdom until it gained independence in 1947.

Quiz 2: Global Marketplaces and Business Centers