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Test bank for International Business, 8th Edition - Charles W. L. Hill

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True / False Questions 1. The notion that national economies are relatively self-contained entities is on the rise. True False 2. The shift toward a more integrated and interdependent world economy... is referred to as globalization. True False 3. The merging of historically distinct and separate markets into one huge global marketplace is known as the globalization of markets. True False 4. The majority of U.S. firms that export are large multinationals that employ 500 or more people. True False 5. The most global markets currently are markets for industrial goods and materials that serve a universal need the world over. True False 6. Outsourcing is a process that is limited to manufacturing enterprises. True False 7. Because of their nature, service activities cannot be outsourced to other companies. True False full file at http://testbankeasy.comfull file at http://testbankeasy.com 8. One of the UN central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development. True False 9. Underlying the trend towards greater globalization is technological change and a decline in barriers to the free flow of goods, services, and capital. True False 10. According to the United Nations most changes between 1992 and 2005 to laws governing FDI have resulted in a less favorable environment for FDI. True False 11. According to WTO data, the volume of world merchandise trade has grown faster than the world economy since 1950. True False 12. The expansion of world trade implies that nations are becoming less dependent on each other for important goods and services. True False 13. In the period 1950-1990, the world GDP showed a consistent decline as opposed to the volume of exports. True False 14. During the period 1990 - 2000, the volume of total exports was more than twice the world GDP. True False [Show More]

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