Practice 2
Questions
1.Briefly discuss the ways in which technological
change has affected globalization.
2. Which of the following statements is a general
implication of globalization?
A. Globalization is inevitable.
B. From a purely economic perspective,
globalization is all good.
C. Globalization has no negative impacts on the
economies of the developed world.
D. Globalization has reduced the risks associated
with global financial contagion.
E. As a result of globalization, a severe crisis in
one region of the world can affect the entire globe.
4. Which of the following countries has seen a
relative decline in its share of world output
between 1960 and 2014?
A. United States
B. Brazil
C. Thailand
D. China
E. South Korea
6. Silver Fire Electric Inc., a U.S.-based company, 7. For foreign direct investment (FDI) to
has productive activities in more than two
countries. As a result, it would be most appropriate A. conduct cross-border bartering with
to refer to Silver Fire Electric as what type of
enterprise?
A. greenfield
B. universal
C. private
D. multinational
E. public
Answer
3.Royal Teas, a U.K.-based company
employing just 30 people worldwide,
generates $1.5 million in revenues of
which 60 percent comes from exports to
Asian countries. In this context, Royal
Teas is most likely classified as a
A. large domestic firm.
B. mini-multinational firm.
C. greenfield firm.
D. foreign firm.
E. multinational giant.
5. What was a result of the Uruguay
Round?
A. increased trade and investment
barriers
B. excluding the trade of services from
international trade
C. transforming the World Trade
Organization into the GATT
D. enhanced protection for patents,
trademarks, and copyrights
E. promoting the worldwide rise of
communism
occur, a firm should primarily
neighboring countries.
B. invest resources in business activities
outside its home country.
C. export goods or services to consumers
in another country.
D. import goods or services from
producers in another country.
E. erect formidable barriers to
international trade.
 8. According to the UN Charter, one of the four 9. Which of the following services
purposes of the UN is to CANNOT be outsourced to foreign
A. be a center for harmonizing the actions of nations?
nations. A. debugging software
B. encourage high tariffs on imports of B. handling consumer queries
manufactured goods. C. transcribing medical files
C. provide enhanced protection for patents. D. interpreting MRI scans
D. promote the establishment of multinational E. delivering closing arguments for a
treaties. lawsuit
E. facilitate globalization of production.
10. According to many influential economists, the 11. A multinational enterprise (MNE) is
increase in international trade and cross-border any business that exports goods or
investment will result in an increase in the prices
services to consumers in another
of goods and services. country.
A. True A. True
B. False B. False
12. The lowering of trade and investment barriers 13. The purchasing power parity for
allows firms to base production at the optimal different countries is adjusted (up or
location for that activity. down) depending upon whether a
A. True country's cost of living is lower or higher
B. False than the cost of living in the United
States.
A. True
B. False
14. The gross national income (GNI) per capita Tex15. Although countries such as China and
comes much closer to Amartya Sen's conception t India are currently relatively poor, their
of how development should be measured than economies are already large in absolute
narrow economic measures such as Human terms and growing more rapidly than
Development Index (HDI). those of many advanced nations.
A. True A. True
B. False B. False

16. Totalitarian states, by limiting human freedom, 17. Five of the fastest growing
are highly conducive to progress in terms of economies of the past 30 years—China,
innovation, entrepreneurship, and economic South Korea, Taiwan, Singapore, and
growth. Hong Kong—had one thing in common
A. True at the start of their economic growth:
B. False democratic governments.
C. True
D. False
Kinh tế 18. In both China
1 and India, the shift toward a 19. Economic freedom does not
command-based economic system has produced necessarily equate with political freedom
chỉ huy large gains despite weak property rights and A. T
endemic corruption. B. F
A. T
B. F

Kinh tế thị trường

Market-base
20. In the context of political economy, the past
three decades have seen a general move toward
A. autocratic forms of government.
B. command-based economic reforms.
C. adoption of legal systems that better enforce
property rights.
D. an environment which is unfavorable for
international business.
E. military parties monopolizing political power
worldwide.
22. Which of the following is based on three
measures: life expectancy at birth, educational
attainment, and average incomes based on PPP
estimates?
A. Human Development Index
B. Gross National Income
C. Gross Domestic Product
D. Cost of Living Index
E. Cash Reserve Ratio
21. In 2014, if the PPP per capita of
China was $13,170 and the PPP per
capita of the United States was $55,860,
this means that the
A. GNI per capita was greater in China.
B. percent of goods and services
consumed in the United States was
lower.
C. standard of living in China was better.
D. cost of living was lower in China.
E. annual average GDP growth rate was
lower in China.
23. Which is an indicator of low human
development in a country? dưới 0,5 => thấp
…………………
Which is an indicator of high human
development in a country?
…………………
trên 0,8 0,5 - 0,8 : TB
24. When the industry practice was to charge a fee 25. Which of the following creates an
for each DVD rented by the customer, Netflix unfavorable environment for innovations
pioneered the subscription method, a new way to and entrepreneurship?
rent DVDs that was cheaper. This is an example A. market economy
of
A. privatization B. economic freedom

B. economic deregulation C. state monopoly in production

C. boundary spanning D. privatization

D. innovation E. strong legal protection of property

rights
E. benchmarking
26. In the country of Sernia, the state owns all 27. People in the West tend to associate
means of production. Sernia is a which of the following with a free market
A. market economy. system, strong property rights protection,
and economic progress?
B. mixed economy. A. anarchist state
.
C. planned economy. B. representative democracy

D. private economy. C. planned economy

E. democratic economy. D. communist state

E. command economy
28. Why are market economies more conducive to 29. When does the process of
innovation and entrepreneurship than planned or privatization fail to deliver predicted
mixed benefits?
economies? ……………………………………… …………………………………………
…………………. ……………….
…………………………………………
……………….
30. Which of the following creates an environment
that is conducive to product and process
innovations and to entrepreneurial activity?
A. communism
B. centrally planned economy
C. privatization Tư nhân hoá
D. command economy
E. lack of strong property rights
32. MedPlus Incorporated, based in the United
States, hesitates to enter into a joint venture with
Azpak Limited, a Sri Lankan company, due to
inadequate protection of intellectual property
rights. MedPlus is trying to avoid what type of
risk?
A. political
B. legal
C. ethical
D. economic
E. ethnographic
34. The country of Baloonistan is classified as
having low human development (the quality of life
is poor). This means its HDI is
A. a score of less than 0.5 on the HDI scale
B. Around 6.0
C. Greater than 5.0 but less than 7.0
t Than 5.0 but less than 7.0
D. Around 80
E. In the bottom 60 percentile
36. What are the various types of risks that a
business enterprise could face in doing business in
a particular country?
…………..
31. Only a totalitarian regime that is
committed to which of the following is
capable of promoting economic growth?
A. command economy
B. dictatorship
C. limiting human freedom
D. market system and strong protection
of property rights
E. limiting individualism and
privatization
33. Strong identification with the group
tends to create pressures for mutual self-
help and collective action.
A. T
B. F
35. The risks of doing business are most
likely to be the highest in a country that
A. has low inflation rates.
B. supports high living standards.
C. has only one ethnic nationality.
D. protects intellectual property.
E. faces frequent changes in government
and government policy.
37. Gamma Gene Incorporated has
sought your opinion about the overall
attractiveness of various countries as
potential markets and investment sites.
What would you tell them?
 Nho giáo
38. Individuals become a member of the social 39. Confucianism and Confucian ethics
category to which their parents belong influence behavior and shape culture in
A. T parts of Asia, hence it is correct to
B. F characterize Confucianism as a religion.
A. T
B. F
40. Buddhism has the highest number of adherents 41. According to Geert Hofstede, high
in the world today power distance cultures were found in
A. T societies that tried to play down
B. F => Thiên Chúa inequalities of power and wealth as much
as possible.
A. T
B. F
42. Which of the following exemplifies violation
of folkways best?
A. committing a financial fraud
B. practicing cannibalism under the belief that it
leads to superpowers
C. failing to greet a person you know
D. stealing an author's or an inventor's intellectual
property
E. murdering a business partner
44. In the country of Rudanda, it is very hard for a
person born in a particular strata of society to
move to a different strata. Rudanda has a low
degree of
A. social mobility.
B. ethnocentrism.
C. entrepreneurial activity.
D. managerial mobility.
E. dynamism and innovation.
43. Which of the following is an
implication of high degree of managerial
mobility in societies that emphasize
individualism?
A. reduced costs of doing business
B. increased managerial loyalty and
commitment to an individual
company
C. lack of company-specific experience,
knowledge, and a network of contacts
among managers
D. lack of exposure among employees to
different ways of doing business
E. inability to apply good practices and
techniques developed in one firm to
other firms
45. Tom, who works for a multinational
company, is often put in teams consisting
of people from different cultures. Tom
finds it difficult to function in these
teams because, unlike the others, he
comes from a culture where building his
personal “brand” is emphasized. Tom’s
culture emphasizes
A. individualism.
B. ethnocentrism.
C. collectivism.
D. polycentrism.
E. multicentrism.
46. Which of the following is a religion that 47. Compare and contrast the principles
prohibits the payment or receipt of interest, as it is of Hinduism and Buddhism.
considered to be usury?
A. Hinduism

B. Buddhism

C. Christianity

D. Confucianism

E. Islam
Components of Hofstede……..
Total