History of International Trade Theories
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Questions and Answers

What is emphasized in the concept of the Triple Bottom Line?

  • Employee Relations
  • Environmental Conservation
  • Economic Mission (correct)
  • Competitor Analysis
  • Which of the following is NOT typically a part of Corporate Social Responsibility (CSR)?

  • Philanthropic Compliance
  • Legal Compliance
  • Ethical Compliance
  • Maximizing Profits (correct)
  • In managing ethical behavior, which factor is crucial to consider in a cross-cultural context?

  • Formal Codes of Ethics
  • Organizational Practices
  • Written Guidelines
  • Tailored Ethical Training (correct)
  • What is a key reason why organizations engage in international trade?

    <p>Maximizing Profits</p> Signup and view all the answers

    Which country became the first to adopt the gold standard in 1821?

    <p>United Kingdom</p> Signup and view all the answers

    What was a key outcome of the Bretton Woods conference regarding the international monetary system?

    <p>Creation of the International Bank for Reconstruction and Development</p> Signup and view all the answers

    In which century were the modern firm-based international trade theories developed?

    <p>20th century</p> Signup and view all the answers

    What is the main difference between FDI and FPI as mentioned in the text?

    <p>Control over companies</p> Signup and view all the answers

    Which theory proposed by Raymond Vernon is mentioned as part of the modern firm-based international trade theories?

    <p>Product Life Cycle Theory</p> Signup and view all the answers

    What was a major factor that led to the collapse of the Gold Standard as described in the text?

    <p>World War I</p> Signup and view all the answers

    Which region saw wars in the 1990s that discouraged Foreign Direct Investment (FDI) and slowed economic growth?

    <p>Eastern Europe &amp; Central Asia</p> Signup and view all the answers

    Which country struggled with the transition to a free market economy after the collapse of the Soviet Union in 1991?

    <p>Russia</p> Signup and view all the answers

    Which Asian country is known for its top 3 global economy status and has faced criticism for its trade practices?

    <p>Japan</p> Signup and view all the answers

    Which continent is characterized by large income disparity, widespread poverty, and political instability according to the text?

    <p>South America</p> Signup and view all the answers

    Which legal environment type is influenced by religious principles according to the text?

    <p>Religious Law</p> Signup and view all the answers

    What type of laws affect transactions by imposing restrictions like sanctions, embargos, and export controls?

    <p>Laws affecting transactions</p> Signup and view all the answers

    Which factor is considered when assessing political risks related to government control according to the text?

    <p>Stability vs Arbitrary change to policies/laws</p> Signup and view all the answers

    In terms of cultural characteristics, what does 'culture defined' refer to according to the text?

    <p>'Characteristics of culture'</p> Signup and view all the answers

    'Resource base', 'Investments in infrastructure & Human Capital', and 'Technology Transfer' are foundations of which environment according to the text?

    <p>'Technological Environment'</p> Signup and view all the answers

    What do laws protecting intellectual rights and international treaties aim to protect according to the text?

    <p>Intellectual Property (IP) Rights</p> Signup and view all the answers

    What are the common characteristics of South America according to the text?

    <p>Large income disparity and widespread poverty</p> Signup and view all the answers

    Which continent is characterized by having natural resources like oil-rich countries and requiring diversification beyond oil?

    <p>Middle East</p> Signup and view all the answers

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