Question 1

Where is a megacity most likely to develop?

Accepted Answer

Asia has the largest population in the world and is experiencing rapid urbanization, making it the most likely region for a megacity to develop.

Question 2

The top ten countries account for almost "X"% of the total world population.

Accepted Answer

The top ten most populous countries account for approximately 60% of the total world population.

Question 3

A number of authors have observed that traditional, hierarchical organizations have changed in the current global economy. How have organizations changed? Why have they changed? What are the impacts of those changes likely to be?

Accepted Answer

The answer of A number of authors have observed that...

Question 4

What contributions do successful supply chains make to companies?

Accepted Answer

The answer of What contributions do successful supply chains make...

Question 5

The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs _____ hours after delivery to a port.

Accepted Answer

The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs within 24 hours after delivery to a port.

Question 6

As suggested, the aging populations in more developed countries will result in _____ health care costs and/but _____ in the size of the working population or labor pool.

Accepted Answer

As the aging population increases, there will be an increase in healthcare costs due to the greater need for medical services. However, there will also be a reduction in the size of the working population or labor pool, as a larger share of the population enters retirement and fewer young adults enter the workforce. This will make it more difficult to fund the increased healthcare costs, and could have broader economic implications as well.

Question 7

According to prediction, _____, _____, and _____ will all house so called Megacities, whereas _____ will not have any cities of this size.

Accepted Answer

According to the prediction, Asia, Latin America, North America, and Europe will all house Megacities, whereas Africa will not have any cities of this size. Choice D includes all four mentioned continents with the correct exclusion of Africa.

Question 8

Which one of the countries below is not part of NAFTA?

Accepted Answer

NAFTA (North American Free Trade Agreement) consists of three North American countries: United States, Canada, and Mexico. Argentina is not part of NAFTA.

Question 9

What is meant by the current description of the global economy that "time and distance have been compressed"? Do you agree? What has been the impact of this compression?

Accepted Answer

The answer of What is meant by the current description...

Question 10

What are the essential factors for economic growth and increased development of global trade flows? Why are they so important in today's global economy?

Accepted Answer

The answer of What are the essential factors for economic...

Question 11

Why are customer service and its related strategy so important for companies operating global supply chains? Do you think that customer service is more important than lower cost to the customers?

Accepted Answer

The answer of Why are customer service and its related...

Question 12

Which two countries account for approximately 36% of the total world population?

Accepted Answer

According to the latest UN data as of 2020, China and India are the top two countries with the highest population, accounting for approximately 18.47% and 17.70% of the world population respectively. Together, they account for approximately 36% of the total world population.

Question 13

Which country is not one of the three top recipients of exports from the United States?

Accepted Answer

The three top recipients of exports from the United States are China, Mexico, and Canada. India is not one of the top three recipients.

Question 14

_____, _____, and _____ are the top three recipients of exports from the United States, in that order.

Accepted Answer

According to the latest data from the U.S. Census Bureau, Canada, Mexico, and China are the top three recipients of exports from the United States, in that order.

Question 15

Which of the following is not an important issue for economic development and vitality of the economy?

Accepted Answer

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

Question 16

Explain the underlying rationale for global trade and explain the difference between comparative and absolute advantage.

Accepted Answer

The answer of Explain the underlying rationale for global trade...

Quiz 2: Global Dimensions of Supply Chains