Question 1

China's average growth rate in GDP has been over:

Accepted Answer

China's average growth rate in GDP has been over 9 percent.

Question 2

Trading in foreign currencies has an effect on world trade.For example,a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes
Exports:

Accepted Answer

When the value of the local currency rises, it becomes more expensive for foreign buyers to purchase goods from that country. This makes exports more expensive and can ultimately have a negative impact on world trade.

Question 3

The ________________ volume of international trade in currencies exceeds the annual value of the trade in goods and services.

Accepted Answer

B

Question 4

In the country competitiveness report in 2008/09,three of the top ten countries are from _________________ countries.

Accepted Answer

The answer of In the country competitiveness report in 2008/09,three...

Question 5

An example of portfolio investment (or indirect investment)in foreign markets is:

Accepted Answer

Portfolio investment refers to investment in stocks and bonds of foreign companies, rather than investing directly in production, computers, buildings or manufacturing facilities. Therefore, the best choice is stocks and bonds (Option C).

Question 6

Which country consistently achieves the highest growth rates in GDP?

Accepted Answer

China consistently achieves some of the highest growth rates in GDP, with an average growth rate of 6.6% between 2000 and 2018.

Question 7

Triad regions of the world include:

Accepted Answer

Triad regions of the world refer to the three major economic centers of North America, Western Europe, and Japan. This region accounts for a significant portion of the world's GDP and is characterized by high levels of trade and investment. The other choices do not accurately reflect the three major economic centers of the world.

Question 8

BEMs stand for:

Accepted Answer

BEMs stands for Big Emerging Markets.

Question 9

The United States was ranked number _______ on the 2005 Country Innovativeness Ranking.

Accepted Answer

The answer of The United States was ranked number _______...

Question 10

In general,the larger the country's domestic economy,the less dependent it tends to be on exports and imports relative to its ________________.

Accepted Answer

Gross domestic product (GDP) is the value of all goods and services produced within a country's borders, and it is a commonly used measure of a country's domestic economy. A larger economy with a higher GDP has a greater variety of industries and sources of income, reducing its reliance on importing goods or exporting its own products to sustain economic growth.

Question 11

Global economy is becoming more ____________________.

Accepted Answer

The answer of Global economy is becoming more ____________________.
...

Question 12

When firms invest in manufacturing and distribution facilities outside their home countries,they add the stock of _________________________________.

Accepted Answer

When firms invest in manufacturing and distribution facilities outside their home countries, they add to the stock of foreign direct investment (FDI). FDI refers to an investment made by a firm in one country into a business located in another country. It is a critical component of globalization and can have significant implications for both the host country and the investing firm.

Question 13

Which nation is the world's largest exporter?

Accepted Answer

China is recognized as the world's largest exporter, leading in the global trade by exporting a wide range of goods to countries all around the world.

Question 14

India's average growth rate in GDP has been over:

Accepted Answer

The answer of India's average growth rate in GDP has...

Question 15

According to the textbook,Japan was expected to be ranked number _______ on the 2005 Country Innovativeness Ranking.

Accepted Answer

The answer of According to the textbook,Japan was expected to...

Question 16

Which of the following countries is NOT on the list of top 10 exporters?

Accepted Answer

Korea and Mexico are not on the list of top 10 exporters. The top 10 exporters are China, United States, Germany, Japan, Netherlands, South Korea, Hong Kong, France, Italy, and United Kingdom.

Question 17

In 2004,the global annual trade in goods and services amounted to $____________.

Accepted Answer

The answer of In 2004,the global annual trade in goods...

Question 18

Country competitiveness is not a _____________ thing.

Accepted Answer

The answer of Country competitiveness is not a _____________ thing.
...

Question 19

The World Economic Forum's Global Competitiveness Report placed two Asian Tigers (Taiwan and Singapore)among the world's top ______
Economies (along with the Finland,United States,Sweden,Denmark,Iceland,
Switzerland,Norway,and Australia).

Accepted Answer

The answer of The World Economic Forum's Global Competitiveness Report...

Question 20

__________________ refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds).

Accepted Answer

Portfolio investment refers to investment in foreign countries that are withdrawable at short notice (such as investment in foreign stocks and bonds). Direct investment, on the other hand, refers to investment in foreign countries that involves either the acquisition of a controlling interest in a foreign company or establishing a foreign subsidiary. Economic investment and international investment are more general terms that can encompass both direct and portfolio investment. Demand investment is not a commonly used term in relation to foreign investment.

Quiz 2: Economic Environment