The largest sector in developed economies

1. Which one of the following is not a process associated with globalization?
a. Interdependence of countries in the global economy b. National governments controlling national markets c. Interconnectedness facilitated by new technology d. Global financial flows

2. Which of the following is not a kind of law:
a. Public b. Private c. Semi-public d. Procedural

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3. Which of the following areas of law are not affected by international law:
a. Property and Planning b. Employment c. Health and Safety d. Intellectual property

4. Which of the following is not a political and/or legal risk for a foreign firm in a host economy?
a. Inflation b. Reduced taxation c. Currency devaluation d. Labour benefits legislation

5. Which of the following does not increase political and/or legal risk?
a. Ethnic tensions b. High inequality c. Rising incomes d. Corrupt leaders

6. Which of the following is correct concerning political macro-risks:
a. Affect all firms in a territory b. Affect large firms in a territory c. Are due to global causes d. Are due to causes originating outside a territory

7. Which of the following strategies could foreign firms use to mitigate political and legal risks originating from the host economy in which they operate?
a. Accelerate profit repatriation, b. Develop a staggered technology transfer policy. c. Develop partnerships with local organizations. d. All of Aboved

8. Which of the following is not a legitimate source of state authority:
a. Heredity in the royal lineage b. Theocracy c. Constitutionalism d. Capitalism

9. The largest sector in developed economies tends to be the:
a. Primary sector b. Secondary sector c. Tertiary sector d. Manufacturing sector

10. In any economy:
a. the size of the primary sector tends to be the largest. b. the size of the tertiary sector tends to be the smallest. c. The size of the three sectors tends to be even d. The size of the three sectors tends to be uneven

11. Schooling/education, capital savings and investment, investment in equipment, and high levels of human capital are said to:
a. Suppress economic growth b. Enhance economic growth c. Make no difference to economic growth d. Constitute barriers to trade

12. Innovation driven economies are mainly based on
a. Innovation in all sectors b. Innovation in their primary sector c. Innovation in their secondary sector d. Innovation in their tertiary sector

13. The Word Bank classifies economies in four groups according to their:
a. Gross Domestic Product per capita b. Average income per capita c. Gross National Income per capita d. Gross National Product per capita

14. Factor driven economies are mainly based on
a. Their primary sector b. Their secondary sector c. Their tertiary sector d. Factors of production from all sectors

15. Efficiency driven economies are mainly based on
a. Efficiencies in all sectors b. Innovation in one or more sectors c. On efficient primary and tertiary sectors d. On their secondary sector

16. During regional integration a common market allows
a. The free movement of production factors b. The free movement of common production factors c. The free movement of common production d. Commons to move freely in the market

17. A free trade area is free for
a. Moving production factors b. Internal trade c. External trade d. Internal and external trade

18. The average number of children per woman in a country tends to:
a. Increase in line with increases in the average income for women b. Decrease in line with increases in the average income for women c. Decrease in line with decreases in the average income for women d. Stay the same regardless of the average income for women

19. To maintain world population at present levels a woman should give birth to:
a. No children b. 1 child on average c. 2 children on average d. 3 children on average

20. An older population is usually encountered in:
a. Developed economies b. Developing economies c. Underdeveloped economies d. Emergent economies

21. Which of the following is the most proximate definition to power distance in Hofstede’s culture model:
a. Sense of being remote from those at the top b. Sense of having little power c. Sense of anxiety over decisions made by those above you d. Sense of being one of a group

22. Which of the following is not a dimension in Hofstede’s culture model:
a. Time b. Power c. Context d. Uncertainty

23. Which of the following does not make it into the top-10 of the most widely spoken languages (as a mother tongue)?
a. French b. German c. Japanese d. Arabic

24. Which national culture of the following countries resembles more closely a Low Context Culture?
a. China  b. Germany c. Greece d.

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