UPDATE!!!!GUARANTEED

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UPDATE!!!!2025/2026|GUARANTEED

The term "emerging economies" has replaced the term _____. - ANSWER Developing countries

The gross domestic product plus the income from non-resident sources abroad gives the ____. - ANSWER gross national product

More than 25% of global GDP comes from _____. - ANSWER BRICS countries

Viewing the global economy as a pyramid, the Triad refers to _____. - ANSWER North America, Western Europe, and Japan

People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than $2,000

Which of the following would be an example of a top down innovation? - ANSWER Lowering prices and features of existing products to meet emerging market needs

Which of the following is true of the Group of 20 (G-20)? - ANSWER It only has 19 member countries.

Which of the following does the institution-based view of global business lay emphasis on? - ANSWER Understanding the laws and values of the firm's host nation. 1 / 3

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The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. - ANSWER focuses on the internal strengths on the firm

The liability of foreignness is the inherent disadvantage faced by _____. - ANSWER foreign firms in host nations due to their non-native status

Which of the following is true of globalization according to the "new force" perspective? - ANSWER It is a western ideology focused on exploiting and dominating the world through MNEs

The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. - ANSWER Semiglobalization

The strategy of treating each country as a unique market and in total isolation is referred to as _____. - ANSWER Localization

MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____.

• ANSWER Shrinking

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____. - ANSWER purchasing power parity

Which of the following countries would be characterized as an emerging economy? - ANSWER Brazil

Which of the following countries is represented in the Triad of the global economic pyramid?

• ANSWER Japan
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People who earn _____ a year comprise the base of the global economic pyramid. - ANSWER less than $2,000

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world. - ANSWER reverse innovation

The _____ view suggests that the success and failure of firms are largely determined by their environments. - ANSWER institution-based

The _____ view of global business focuses on internal factors that can help a firm overcome its external environment. - ANSWER resource-based

Which of the following is true of globalization according to the "pendulum view" perspective? - ANSWER Globalization is a not a one-directional phenomenon

The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. - ANSWER semiglobalization

_____ is the strategy of treating the entire world as one market. - ANSWER Standardization

Protectionism is similar to mercantilism as they both advocated _____. - ANSWER government involvement in international trade

The _____ principle advocated that governments should actively protect domestic industries from imports and vigorously promote exports. - ANSWER Protectionism

Which of the following is a modern trade theory? - ANSWER National competitive advantage

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