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Chapter 4 Multiple choice questions
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Chapter 4 Multiple choice questions
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*
not completed
.
Which theory explains that a country can export a product to other countries even though it cannot produce the product cheaply and efficiently?
Product life cycle theory
correct
incorrect
Theory of comparative advantage
correct
incorrect
Mercantilism
correct
incorrect
Theory of absolute advantage
correct
incorrect
*
not completed
.
Which firms are
unlikely
to lose from international trade?
Firms producing goods in high importing sector
correct
incorrect
Firms producing goods in high exporting sector
correct
incorrect
Firms that are efficient in producing goods that can cheaply import from overseas
correct
incorrect
Firms that are efficient in producing goods in import competing sector
correct
incorrect
*
not completed
.
Which of the following explains why firms in developed economies can compete in foreign markets without the possession of natural resource in its home country?
Firms in developed economies do not need natural resources
correct
incorrect
Firms in developed economies have ownership of created assets
correct
incorrect
Firms in developed economies gain support from international organizations
correct
incorrect
Firms in developed economies are protected by property law
correct
incorrect
*
not completed
.
Which of the following can increase the firm's competitive advantage in the international trade?
The firm's social networks
correct
incorrect
The firm's relationship with the government
correct
incorrect
The firm's investment in exploring new natural resources
correct
incorrect
The firm's investment in research and development
correct
incorrect
*
not completed
.
Why does the country that has rich natural resource can become less competitive in international trade?
The country does not develop new technology that can compete in the world market
correct
incorrect
Firms in that country do not develop its competitive capabilities
correct
incorrect
The country too much enjoys producing low-value products
correct
incorrect
All of the options given are correct
correct
incorrect
*
not completed
.
Product cycle model explains:
The dynamic trade pattern in different stages of the products
correct
incorrect
The competitive advantages of nations
correct
incorrect
The competitive advantages of the firms
correct
incorrect
The stages a firm gradually involves with international investment
correct
incorrect
*
not completed
.
Compared to Ricardo's model, what is the main contribution Porter's diamond provides?
It considers natural endowment
correct
incorrect
It considers firm's strategies
correct
incorrect
It explains how international trade operates
correct
incorrect
It explains dynamic changes
correct
incorrect
*
not completed
.
Which of the following is not the reason a country applies trade protections?
To protect domestic employment
correct
incorrect
To raise the government income
correct
incorrect
To protect its consumers
correct
incorrect
All of the options given are correct
correct
incorrect
*
not completed
.
What is intra-firm trade?
Trade between multinational firms and its suppliers owned by the other multinational firm
correct
incorrect
Trade between unrelated firms
correct
incorrect
Trade between a multinational enterprise and its subsidiaries
correct
incorrect
Trade between two firms in the same industry
correct
incorrect
*
not completed
.
Which of the following is correct?
International fragmentation of production generates either intra-or inter-firm trade
correct
incorrect
International fragmentation of production involves only intra-firm trade
correct
incorrect
International fragmentation of production involves only intra-industry trade
correct
incorrect
International fragmentation of production involves only inter-firm trade
correct
incorrect
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