Question 1

After WWII,advanced Western industrial countries have accepted the principle that free trade,rather than tariff barriers,was the best way to foster a(n):

Accepted Answer

Acceptance of the principle that free trade,rather than tariff barriers,was the best way tofoster a healthy domestic economy and low unemployment.

Question 2

Companies from the nation of Atlantis are more efficient in the production of certain types of apparel,while U.S.companies are more efficient in the production of certain types of computers.Which economic theory predicts that the production of these types of apparel would shift to Atlantis,and the production of these types of computers would shift to the U.S.?

Accepted Answer

The free-trade doctrine states that if each country specializes in the production of the goods and services that it can produce most efficiently,this will make the best use of global resources.

Question 3

In July 2005 the U.S.House of Representatives approved the formation of CAFTA,a regional trade agreement designed to eliminate tariffs on products moving between the United States and:

Accepted Answer

In July 2005 the U.S.House of Representatives approved the formation of CAFTA,a regional trade agreement designed to eliminate tariffs on products moving between the United States and all countries in Central America.

Question 4

If a society values the group more than the individual and believes that people should be judged by the quality of their contribution to the group instead of their individual achievement,then the society is said to value:

Accepted Answer

Collectivism is a worldview that values subordination of the individual to the goals of the group and adherence to the principle that people should be judged by their contribution to the group.

Question 5

What a society believes to be good and right is known as the __________ of that society.

Accepted Answer

Values are beliefs about what a society considers to be good,right,desirable,or beautiful-or their opposites.

Question 6

In a society,unwritten rules of conduct that state how people should act in particular situations in that society are known as:

Accepted Answer

Norms are unwritten,informal codes of conduct that prescribe appropriate behavior in particular situations and are considered important by most members of a group or organization.

Question 7

All of the following are principal forms of capital that flow between countries EXCEPT:

Accepted Answer

The four principal forms of capital that flow between countries are human,financial,resource,and political.

Question 8

The result of globalization is that nations and peoples become increasingly ______ because the same forces affect them in similar ways.

Accepted Answer

The result of globalization is that nations and peoples become increasingly interdependent because the same forces affect them in similar ways.

Question 9

One of the main factors that has speeded globalization by freeing the movement of capital has been:

Accepted Answer

One of the main factors that has speeded globalization by freeing the movement of capital has been the decline in barriers to trade and investment.

Question 10

In a society,the customs for correct dress and social manners are known as:

Accepted Answer

Folkways concern customs and practices such as dressing appropriately for particular situations,good social manners,eating with the correct utensils,and neighborly behavior.

Question 11

The establishment of free-trade areas creates an opportunity for manufacturing organizations because it:

Accepted Answer

The establishment of free-trade areas creates an opportunity for manufacturing organizations because it lets them reduce their costs.

Question 12

Norms that are central to the functioning of a society are known as:

Accepted Answer

Mores are norms that are considered to be of central importance to the functioning of society and to social life.

Question 13

As Frank walked into the conference,he made it a point to shake hands with all the new clients.Frank is exhibiting a:

Accepted Answer

Folkways are the routine social conventions of everyday life.

Question 14

The building blocks of national culture include:

Accepted Answer

The basic building blocks of national culture are values and norms.

Question 15

A tax that a government imposes on goods imported into the country is known as:

Accepted Answer

A tariff is a tax that a government imposes on goods imported into one country from another.

Question 16

While the Japanese culture typically values ________,the U.S.culture typically values ________.

Accepted Answer

Indeed,one of the major reasons why Japanese and American management practices differ is that Japanese culture values collectivism and U.S.culture values individualism.

Question 17

The values,norms,beliefs,laws,and customs that unite the citizens of a country are known as:

Accepted Answer

National culture includes the values,norms,knowledge,beliefs,moral principles,laws,customs,and other practices that unite the citizens of a country.

Question 18

The United States tends to have an admiration for personal success,a strong belief in individual rights,and high regard for individual entrepreneurs.The United States values:

Accepted Answer

Individualism is a worldview that values individual freedom and self-expression and adherence to the principle that people should be judged by their individual achievements rather than by their social background.

Question 19

In China,women should avoid high heels and short-sleeved blouses in the workplace.This is an example of:

Accepted Answer