3. Globalization is criticized because it increases the power of _____.
7. Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?
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Making and performing commercial contracts in international trade. |
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Preventing bribery and unethical acts in the conduct of international business. |
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Establishing a set of safety standards to which a new product must adhere. |
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Controlling the mafia activity that hinders trade in Russia, Japan, and the U.S. |
8. Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?
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Gross national income |
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Human Development Index |
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Purchasing power parity |
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Gross domestic product |
9. According to Hernando de Soto, which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?
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Detailed state planning |
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Restricting direct investment by foreign enterprises |
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Strong property rights |
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Market regulation |
10.Which of the following refers to the extent to which individuals can move out of the strata into which they are born?
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Caste stratification |
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Class system |
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Social mobility |
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Individual potential |
11.Which of the following is an example of ethnocentrism?
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A manager in India looks down upon his subordinates because they are from a lower caste, compared to him. |
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An upper-middle-class woman talks rudely to a salesperson because she looks down upon individuals belonging to the working-class. |
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An American manager criticizes the cultural practices of Saudi Arabia when he is sent there on business because it differs from his own cultural norms. |
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A French business owner, who plans to expand his market to China, conducts a detailed cultural study of China to customize his marketing campaign. |
13An international U.S. based company sets up a production unit in a developing country with poor environmental regulations. This contributes to:
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the noblesse obliges the situation. |
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the inequity aversion. |
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the global tragedy of the commons. |
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the Friedman effect. |