QHC1 Study Guide Questions

1. Which factor affects economic globalization?

A. Absence or presence of favorable trade policies

B. Similar languages spoken

C. Educational opportunities in a foreign country

D. Limited access to ports of entry

2. In which stage of the five stages of becoming a global company does the company transfer the full production process to a single low-cost location?

A. Creation of new market

B. Product specialization

C. Value chain reengineering

D. Value chain disaggregation

3. What is a drawback of the global expansion of a multinational corporation?

A. Decreased competitiveness

B. Language barriers

C. Lower economies of scale

D. Regulatory structure

4. A small group of business owners has captured control of a nation’s natural resources to expand their wealth and political influence. Which type of system is impacting this country?

A. Oligarchy

B. Democracy

C. Anarchy

D. Monarchy

5. Which economic system allows for the most innovative and rapid response to global consumer needs?

A. Market

B. Mixed

C. Traditional

D. Command

6. Political stability is a key factor for governments to attract foreign investment in their country. Which political system offers the most political stability?

A. Anarchy

B. Dictatorship

C. Oligarchy

D. Democracy

7. What is a characteristic of a command economy?

A. Labor is allocated by the state.

B. Exchanges are mainly made by bartering.

C. Innovation is rewarded.

D. Prices are regulated by the market.

8. Which policy commitments form is used to ensure a country meets specific and measurable conditions in order to complete a review?

A. Structural benchmarks

B. Indicative targets

C. Prior actions

D. Quantitative performance criteria

9. Why does the World Bank have a AAA bond rating?

A. It consistently avoids lending to high-risk countries.

B. Its loans to developing countries are made at high interest rates.

C. Its debt is backed by member countries.

D. It uses a standardized assessment of countries seeking a loan.

10. How does the World Trade Organization (WTO) promote transparency among its member nations?

A. By allowing the other member nations to vote on a change in trade agreements

B. By requiring trade proposals to be submitted to the WTO for approval

C. By coordinating trade negotiations with other nations with the WTO

D. By mandating that changes in trade policies be reported to member nations

11. Critics of the IMF claim that loan conditionality can worsen a country’s political and economic situation. Which condition could the IMF impose in exchange for financial resources?

A. Imposition of tariffs

B. Centralization of government

C. Regulation of industrial production

D. Privatization of nationalized industries

12. A country decides to restrict international steel transactions within its borders to promote its own steel companies. How does this affect global business?

A. It imposes import restrictions on competing nations.

B. It develops free trade policies with strategic partners.

C. It creates a trade surplus for the national economy.

D. It reduces export opportunities for domestic steel companies.

13. Which outcome can result from countries establishing new trade agreements?

A. Increased unemployment

B. Decreased customer loyalty

C. Increased average wages

D. Decreased political cooperation

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