Questions 3

Question 0

Masculinity versus femininity and uncertainty avoidance are included among Hofstede’s dimensions of?

Answer 0

Culture

Question 1

In the acronym OPEC, the letter “E” stands for?

Answer 1

Exporting

Organization of the Petroleum Exporting Countries

Question 2

For a given country, the balance of _______ is equal to the difference between the total revenue from exports and the total revenue from _______ over some period of time.

Answer 2

payments; imports

Question 3

Also known as _______, contract manufacturing occurs when a company arranges for a contracted foreign manufacturer to produce its line of products under the contractor’s brand name and logo.

Answer 3

outsourcing

Question 4

If I tell you that on September 2 the British pound was worth 2.8 U.S. dollars, I’ve just given you the _______ rate for the two currencies on that date.

Answer 4

Exchange

Question 5

In a form of foreign direct investment called a _______ investment, Arcon, Inc. enters a foreign country to build its own factories and offices.

Answer 5

Greenfield

Question 6

Aluvia can produce pig iron more efficiently than Boluria. Boluria can produce coffee more efficiently than Aluvia. According to Ricardo, trade in these commodities between these two countries would follow the principle of _______ advantage.

Answer 6

Comparative

Question 7

A _______ tariff would have the purpose of raising the retail price of imported commodities to protect domestic producers of the same or similar products.

Answer 7

Protective