_______ occurs between different states, regions, or cities within a country. Domestic trade…

_______ occurs between different states, regions, or cities within a country.

Domestic trade

Foreign direct investment

International trade

Mercantilism

QUESTION 18

The government of which of the following countries is currently a mix of communism and right-wing totalitarianism?

India

Iran

Kenya

China

QUESTION 17

A main difference between the two sides in the globalization debate is whether overall gains that may accrue to ________ are worth the lost livelihoods that ________ may suffer.

some industries; organizations

national economies; individuals

certain businesses; geographic regions

individuals; national economies

QUESTION 16

________ makes the world market more accessible for companies that sell traditional products by lessening the cost and difficulties associated with global communication.

Technology

Merger-mania

Licensing

Financial capital

QUESTION 15

The sale of government-owned economic resources to private operators is called ________.

the price mechanism

laissez-faire economics

privatization

guanxi

QUESTION 14

A political system in which political leaders rely on military and bureaucratic power is called ________.

secular totalitarianism

secular anarchism

theocratic totalitarianism

communism

QUESTION 13

According to Hofstede, which of the following describes the degree of inequality between people in different occupations?

Power distance

Uncertainty avoidance

Individualism

Collectivism

QUESTION 12

The purchase of physical assets or a significant amount of ownership (stock) of a company in another country to gain a measure of management control is called ________.

foreign direct investment

portfolio investment

mergers

vertical integration

QUESTION 11

Laissez-faire economics refers to which of the following?

Less government interference in commerce and greater individual economic freedom

A centrally planned economic system

Government-controlled commerce and individual control effort

Creating monopolies through government partnership

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