Nova Southeastren University Spring 2015 Finace INB5807 Midterm Exam Part 1,2,3, & 4

Midterm Exam Part_1

• Question 1

1.5 out of 1.5 points

According to the theory of comparative advantage, countries gain from trade because

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World output can rise when each country specializes in what it does relatively best.

• Question 2

1.5 out of 1.5 points

In a small power distance culture,

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first names are likely to be used in the office because the ideal is equality.

• Question 3

0 out of 1.5 points

If international trade takes place as a result of comparative advantage, it will cause which of the following effects in the participating countries?

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• Question 4

1.5 out of 1.5 points

Deserts and tropical forests seem opposites, but they have this trait in common:

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• Question 5

0 out of 1.5 points

The theory of overlapping demand explains

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Midterm Exam Part_2

• Question 1

1.5 out of 1.5 points

Porter in his diamond model distinguishes two types of factor conditions,

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.

• Question 2

1.5 out of 1.5 points

Regarding economic and social development:

• Question 3

1.5 out of 1.5 points

In high context cultures, face-to-face relationships tend to be important and

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• Question 4

1.5 out of 1.5 points

The masculine-feminine dimension is about

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• Question 5

1.5 out of 1.5 points

In developing economies, informal institutions tend to play a greater role than in developed economies, possibly because:

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Midterm Exam Part_3

• Question 1

1.5 out of 1.5 points

Referring to Hall's high and low context framework, in a high context culture,

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• Question 2

1.5 out of 1.5 points

That almost everyone in the U.S. self-identifies as middle class suggests that

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• Question 3

1.5 out of 1.5 points

China's vast and mountainous terrain leads to

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• Question 4

1.5 out of 1.5 points

Patagonia recognizes that doing business following the traditional approach, focusing on quarterly earnings, is not complete because it does not focus on

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• Question 5

1.5 out of 1.5 points

Most developed nations have

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Midterm Exam Part_4

• Question 1

1.5 out of 1.5 points

Uncertainty avoidance describes man's search for Truth, according to Hofstede, because

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• Question 2

1.5 out of 1.5 points

Government stability is a characteristic of a government that

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• Question 3

1.5 out of 1.5 points

An argument against using trade restrictions to punish an offending nation is that

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• Question 4

0 out of 1.5 points

Firms that have substantial operations in more than one country are called

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• Question 5

1.5 out of 1.5 points

According to opponents of the globalization of trade and investment,

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two of A, B and C.