PRELIM 02 - The Global Economy

Question 1

Refers to the international exchange of goods and services that is expressed in monetary units of money

Answer 1

Global economy

Question 2

Is exclusively limited to human economic activity and is typically judged in monetary terms

Answer 2

World economy

Question 3

It is when prices among different location or related goods follow the same pattern over a long period of time

Answer 3

Market integration

Question 4

2 international financial institutions

Answer 4

International Monetary Fund (IMF), Multilateral Development Banks (MDBs)

Question 5

5 banks under Multilateral Development Banks (MDBs)

Answer 5

World Bank Group, African Development Bank, Asian Development Bank, Inter-American Development Bank, European Bank for Reconstruction and Development

Question 6

Is one that operates in more than countries

Answer 6

Global corporation

Question 7

He defined global businesses as one that maintains a strong headquarters in one country, but has investments in multiply foreign locations

Answer 7

Michael Porter

Question 8

The university where Michael Porter is from

Answer 8

Harvard University

Question 9

Is one that has a headquarters, but also does business overseas and might have a large presence in multiple areas

Answer 9

International company