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Managing in the Global Environment: Chapter 6

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Managing in the Global Environment: Chapter 6

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Questions and Answers

What is the primary objective of tariff imposition by governments?

To increase global resource utilization

To promote global competition

To encourage export of goods and services

To protect domestic industry and jobs from foreign competition (correct)

What is a consequence of declining trade barriers for managers?

Increased global market opportunities (correct)

Less dynamic job of managing

Stagnant global competition

Reduced global market opportunities

What is the underlying principle of the free-trade doctrine?

Each country should focus on producing high-tech goods

Each country should specialize in producing goods and services it can produce most efficiently (correct)

Each country should limit its production to only domestic goods

Each country should produce all goods and services

What is a characteristic of a world with increasingly interdependent and similar nations?

Nations are more interdependent and similar Signup and view all the answers

What is the result of specialization in goods and services production, according to the free-trade doctrine?

Lower prices and efficient resource allocation Signup and view all the answers

What is the primary effect of declining barriers to trade and investment?

Increased global market opportunities Signup and view all the answers

What is the role of managers in a globalized economy?

To manage global markets and expand business opportunities Signup and view all the answers

What is the consequence of tariff imposition on domestic industries?

Protection from foreign competition Signup and view all the answers

What is the effect of free trade on global resources?

Efficient allocation of resources Signup and view all the answers

What is the role of the free-trade doctrine in promoting economic growth?

Promoting global trade opportunities and efficient resource allocation Signup and view all the answers