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1
As discussed in "Globalization and Its Contents," the globalizing process has its pros and cons, but generally it can be argued that economic globalization has had a positive impact on living standards and purchasing power in:
A)most of the world.
B)the wealthier nations.
C)most of the United States.
D)the poorer countries.
2
As pointed out in "Globalization and Its Contents," the invention and application of mass-production technology, together with surplus capital and the free-market economy, are at the root of:
A)human misery.
B)modern prosperity.
C)economic vicissitudes.
D)the globalizing process.
3
Even 50 years ago, the prospect of economically integrating both the communist and the impoverished Third World economies was promising and realistic.
A)True
B)False
4
As concluded in "The Leading Economic Organizations at the Beginning of the 21st Century," corporations make up about:
A)five percent of the organizations on the list.
B)one tenth of the list.
C)one third of the list of the world's largest economic organizations.
D)more than half of the organizations on the list.
5
The single largest economic organization on the list discussed in "The Leading Economic Organizations at the Beginning of the 21st Century" is:
A)the People's Republic of China.
B)Wal-Mart.
C)the United States.
D)the North American trade body.
6
The U.S. economy has, as noted in "The Leading Economic Organizations at the Beginning of the 21st Century," performed poorly when compared to the rest of the world.
A)True
B)False
7
As set forth in "Trading Places," the United States currently dominates the world economy of information, but it does not dominate the three other world economies of:
A)agriculture, labor, and finance.
B)money, multinationals, and trade.
C)gold, steel, and oil.
D)transportation, manufacturing, and entertainment.
8
According to "Trading Places," mercantilism is becoming the policy of blocs rather than nations and the bloc that the United States belongs to is:
A)the EU.
B)MERCOSUR.
C)ASEAN.
D)NAFTA.
9
As described in "Trading Places," most multinationals are large American companies with foreign subsidiaries.
A)True
B)False
10
As claimed in “Here’s the Good News,” the world economy is on the upswing, primarily due to:
A)a strong U.S. economy.
B)the subprime-mortgage meltdown.
C)booming emerging markets.
D)the economic growth of China and India.
11
According to “Here’s the Good News,” one country that has shown remarkable economic growth recently is:
A)Fiji.
B)England.
C)Zimbabwe.
D)Slovakia.
12
As presented in “Here’s the Good News,” financial instability today is confined largely to undeveloped nations.
A)True
B)False
13
According to “The Real Global Technology Challenge,” foreign students today are not as interested as in the past in coming to the United States for technological education and employment because:
A)it is difficult for them to compete with U.S. students and workers in the same fields.
B)they are finding better and more challenging opportunities in their own country.
C)technology is no longer a popular field for foreign students and workers.
D)U.S. universities and corporations are no longer accepting foreign applicants.
14
As claimed in “The Real Global Technology Challenge,” U.S. policy observers have found that the key to military and economic success based on technology is the:
A)number of engineers available in a country.
B)number of foreign students who choose to come to a country.
C)way that engineers are educated and utilized in a country.
D)importance a country puts on education in business and law.
15
As defined in “The Real Global Technology Challenge,” hai gui refers to Chinese citizens who were educated in the West and returned to China to work.
A)True
B)False
16
According to "Looking Ahead To Our Place In The Next Economy," a primary reason that both blue- and white-collar jobs are moving overseas is that:
A)foreign workers are better educated and have a higher skill level than U.S. workers.
B)outsourcing menial jobs allows companies to offer better jobs to U.S. workers.
C)U.S. workers are more expensive to maintain than foreign workers.
D)U.S. workers are simply not interested in the types of jobs being outsourced to other countries.
17
As cited in "Looking Ahead To Our Place In The Next Economy," Glen Hiemstra, founder of Futurist.com, believes that the biggest competitive advantage for the United States is the:
A)wealth of information available in the United States.
B)innovative thinking of U.S. workers.
C)U.S. pipeline, which will always keep workers employed.
D)availability of advanced technology, which has made human contact unnecessary.
18
As noted in "Looking Ahead To Our Place In The Next Economy," many business experts agree that critical thinking and problem solving are overemphasized in American educational systems.
A)Tru
B)False
19
According to “A Roadmap for the New Trade Landscape,” any current discussion of international trade must include the:
A)impact of trade on Washington state.
B)benefits of trade.
C)involvement of the United States in trade negotiations.
D)downsides of trade.
20
As presented in “A Roadmap for the New Trade Landscape,” the new evaluation standard for trade deals is answering the question “Is it good enough for:
A)corporations?”
B)American workers?”
C)Congress?”
D)NAFTA?”
21
As claimed in “A Roadmap for the New Trade Landscape,” the new skepticism about trade is coming primarily from the Democrats.
A)True
B)False
22
As presented in “Are Global Prices Converging or Diverging?,” increased integration among the world’s markets generally implies:
A)diverging prices.
B)decreased globalization.
C)converging prices.
D)fewer available goods.
23
As claimed in “Are Global Prices Converging or Diverging?,” since 1990, the trend toward trade integration has reflected a:
A)U-shaped pattern.
B)straight line moving upward.
C)straight line moving downward.
D)random pattern of up-and-down movement.
24
As discussed in “Are Global Prices Converging or Diverging?,” the pattern of price dispersion in trade that is currently being seen is consistent across almost all commodity groups.
A)True
B)False
25
As claimed in “What One Hand Gives, the Other Takes,” a serious negative aspect of rich countries’ foreign-aid policies is that the policies are:
A)not really intended to help poor countries develop.
B)often in conflict with the rich countries’ other policies.
C)usually token offerings that have little or no real meaning for poor countries.
D)intentionally formulated to hurt poor countries.
26
As explained in “What One Hand Gives, the Other Takes,” “tying” foreign aid requires:
A)donor countries to “tie” their foreign-aid policies to their other domestic and foreign policies.
B)recipient countries to utilize a portion of their foreign aid to help even-poorer countries.
C)donor countries to join together when helping certain recipient countries.
D)recipient countries to purchase certain things from donor countries with part of the aid received.
27
As defined in “What One Hand Gives, the Other Takes,” recipient countries should have little to no involvement in the decision-making around the foreign-aid policies of donor countries.
A)True
B)False
28
As profiled in "The World's Banker," the recently appointed head of the World Bank is:
A)Peter Bauer.
B)Robert McNamara.
C)Paul Wolfowitz.
D)Kofi Annan.
29
As portrayed in "The World's Banker," the plight of the growing number of desperately disadvantaged people in the world throughout the 1990s was obscured by the smashing economic success of:
A)India.
B)countries in the European Union.
C)multinational corporations.
D)China.
30
The author of "The World's Banker" praises U.S. President George W. Bush for his sense of style.
A)True
B)False
31
According to “Helping the Global Economy Stay in Shape,” the IMF was originally created to:
A)help ensure global monetary stability.
B)end the Great Depression.
C)provide financial assistance to countries in need.
D)increase competitive devaluations.
32
As claimed in “Helping the Global Economy Stay in Shape,” for member countries, IMF surveillance involves:
A)creating fixed but adjustable global-exchange rates.
B)secret monitoring of economic policies and procedures.
C)assessing economic conditions and identifying risks to stability.
D)approving countries’ economic policies before they become law.
33
As presented in “Helping the Global Economy Stay in Shape,” when the United States broke the dollar’s link to gold, the initial IMF system broke down and had to be restructured.
A)True
B)False
34
As set forth in "The Bretton Woods System: Are We Experiencing a Revival?" Dooley, Folkerts-Landau, and Garber argue that the current international exchange-rate system operates like the Bretton Woods system because so many countries limit exchange-rate fluctuations relative to the:
A)price of gold.
B)renminbi.
C)dollar.
D)euro.
35
As postulated in "The Bretton Woods System: Are We Experiencing a Revival?" one effect of having developing nations like China continue to accumulate U.S. assets, such as U.S. Treasury securities, is that:
A)interest rates in the United States should remain stable.
B)the United States will see ongoing trade deficits.
C)the United States will see ongoing trade surpluses.
D)China will be more receptive to U.S. human-rights concerns.
36
As recounted in "The Bretton Woods System: Are We Experiencing a Revival?" the appreciation of the euro has caused the European Central Bank to engage in large-scale currency intervention.
A)True
B)False
37
According to “Wall Street in the Desert?,” one of Dubai’s primary money-making industries has been:
A)oil.
B)shipping.
C)tourism.
D)construction.
38
As presented in “Wall Street in the Desert?,” Sheikh Mohammed bin Rashid al Maktoum’s urgent concern is to make certain that Dubai:
A)remains a small but flourishing state.
B)does not adopt or become swayed by Western ways.
C)is able to compete with New York.
D)is not affected by globalization.
39
As presented in “Wall Street in the Desert?,” Dubai and the United Arab Emirates (UAE) have historically been U.S. foes until they began trading in U.S. markets.
A)True
B)False
40
As explained in “Dollar Doldrums,” those U.S. companies hit hardest by the falling dollar are companies that:
A)employ only U.S. workers.
B)deal only in U.S. goods and services.
C)buy supplies and pay salaries overseas.
D)remain small and independently owned.
41
As described in “Dollar Doldrums,” WineCommune has attempted to adjust to the falling dollar by:
A)hedging.
B)passing the extra costs along to the customer.
C)dealing only in American wines.
D)reducing its inventory.
42
As noted in “Dollar Doldrums,” it is cheaper to buy wine in France and China than it is in the United States.
A)True
B)False
43
According to “Financial Globalization,” statistics show that financial globalization is a:
A)dangerous risk for developing countries.
B)magic bullet to spur growth in both industrial and developing countries.
C)primary cause of ongoing economic crises in parts of the developing world.
D)phenomenon that appears to have both costs and benefits to various countries.
44
As presented in “Financial Globalization,” the dominant source of private capital flows to emerging market economies is now:
A)debt flows.
B)equity flows.
C)foreign direct investment (FDI).
D)portfolio equity flows.
45
As claimed in “Financial Globalization,” developing countries that have participated in financial globalization have registered better growth outcomes than those countries that have not.
A)True
B)False
46
As profiled in “China’s Mobile Maestro,” as the world’s largest mobile telephone company, China Mobile is attempting breakneck growth by:
A)providing service to U.S. markets.
B)expanding into China’s rural areas.
C)concentrating its services on young urbanites.
D)removing itself from government control.
47
As detailed in “China’s Mobile Maestro,” China Mobile’s rural customers utilize mobile phone service primarily for:
A)music and games.
B)Internet surfing.
C)fun and fancy extras, like ringtones.
D)voice and text messaging.
48
As claimed in “China’s Mobile Maestro,” rural customers must pay far more for their mobile phone services than urban customers, due to the expense of setting up services in remote locations.
A)True
B)False
49
As reported in “The Challengers,” the newest phenomenon on the global business scene is:
A)industrial development in Britain.
B)aggressive U.S. foreign purchases.
C)emerging-market multinationals.
D)U.S. corporate moves into Europe.
50
As described in “The Challengers,” the new shape of global business involves:
A)a change in the direction of investment flows.
B)increased investment in underdeveloped countries by developed nations.
C)decreased cross-border investments.
D)a global takeover by U.S. corporations.
51
As noted in “The Challengers,” new multinationals from developing countries have found success both in big business deals and natural, organic growth.
A)True
B)False
52
As argued in “How Capitalism is Killing Democracy,” when examining world politics and the global economy, it is apparent that:
A)capitalism is thriving, but democracy is suffering.
B)democracy is thriving, but capitalism is suffering.
C)both democracy and capitalism are thriving.
D)both democracy and capitalism are suffering.
53
As suggested in “How Capitalism is Killing Democracy,” the heart of a successful democracy is its:
A)government.
B)businesses.
C)citizens.
D)economy.
54
As noted in “How Capitalism is Killing Democracy,” companies donate money to good causes for public-relations value only.
A)True
B)False
55
Among the reasons cited in "Grassroots Diplomacy" for the growth of anti-Americanism are all of the following except:
A)the image of the United States as a promised land has faded with familiarity.
B)recent business scandals have tainted the image of the whole country.
C)worldwide goodwill for the United States for actions during World War II has waned except among older people.
D)American tourists around the world have confirmed perceptions of Americans as rude, arrogant, inflexible, and demanding.
56
According to "Grassroots Diplomacy," Fluor Corp. has taken a stand against corruption in the industry considered by a watchdog group as the second most corrupt after arms and defense; that industry is:
A)sanitation.
B)public works and construction.
C)automobile manufacturing.
D)the music and film industries.
57
As mentioned in "Grassroots Diplomacy," of UPS's 40,000 overseas employees, only about 2,000 are American.
A)True
B)False
58
As claimed in “New Tech, Old Habits,” compared to Americans, Asian workers in the fields of technology and business:
A)are more advanced in knowledge and skill.
B)spend more time in an office setting.
C)have access to more advanced connectivity systems.
D)are happier in their jobs.
59
According to “New Tech, Old Habits,” corporate culture in the Far East puts a premium on:
A)technological know-how.
B)a balance of work and family.
C)individual initiative.
D)face time at the office.
60
As stated in “New Tech, Old Habits,” one benefit of working for a Japanese company is that companies generally provide all of their employees with a laptop computer.
A)True
B)False
61
As related in "Is U.S. Business Losing Europe?" most American executives in Europe agree that the way to deal with European disapproval of the U.S. government is to:
A)do some flag-waving to affirm support for the U.S. system of government, if not this president.
B)maintain one's distance from local culture and language so as to not appear hypocritical.
C)keep a low profile, mix with the locals, and avoid lengthy conversations about politics.
D)seek out other Americans abroad to find strength in numbers.
62
As mentioned in "Is U.S. Business Losing Europe?" distrust of the U.S. government was expressed in Russia by the suspicion that the:
A)2004 election was won by fraud.
B)United States engineered Viktor Yuschenko's electoral victory in Ukraine.
C)U.S. government is withholding pharmaceutical supplies needed to fight AIDS.
D)Iraqi War was prompted by a U.S. desire to control oil supplies.
63
As disclosed in "Is U.S. Business Losing Europe?" one American in Europe helped organize an antiwar protest but then found that someone at the protest refused to take orders from him because he was American.
A)True
B)False
64
According to “Can Europe Compete?”, the most impressive development in the European Union (EU) has been the introduction of the European:
A)Parliament.
B)Central Bank.
C)common currency, the euro.
D)Court of Justice.
65
As claimed in “Can Europe Compete?”, the current backlash against the EU by member countries is primarily due to the EU’s:
A)lackluster economic performance.
B)failure to create solid legal, political, and economic institutions.
C)limited expansion goals.
D)failure to open borders throughout the continent.
66
As asserted in “Can Europe Compete?”, one of the biggest successes for the EU has been increased living standards across its membership.
A)True
B)False
67
As explained in “Unequal Access,” India’s caste system organizes its citizens into a rigid social order based on their:
A)income.
B)gender.
C)religion.
D)family of origin.
68
As defined in “Unequal Access,” the term “set-asides” refers to:
A)untouchables or lower-caste Indians.
B)government financial assistance to the lower castes.
C)positions in business or education set aside for certain groups through affirmative action.
D)Indian cultural customs that reinforce the caste system.
69
As noted in “Unequal Access,” as India rises economically, a major fear is that the Indian caste system will become globalized for its members.
A)True
B)False
70
As claimed in “When Greens Go Corporate,” the current relationship between many of the largest environmental groups and the most environmentally challenged corporations could be described as one of:
A)confrontation.
B)coexistence.
C)collaboration.
D)mutual respect.
71
As presented in “When Greens Go Corporate,” the problem for some environmental organizations that are teaming up with corporations is that the green groups have:
A)not seen much change for their efforts.
B)begun to question the ethics of such arrangements.
C)been unable to extend their reach beyond corporate headquarters.
D)received little financial compensation for their efforts.
72
As noted in “When Greens Go Corporate,” while many environmental groups are able to see the benefits of consulting with corporations, the difficulty is in convincing the public of the arrangement’s value.
A)True
B)False
73
As described in "Making It in China," the breakthrough for Derek Sulger's startup company was Sulger's idea of:
A)using radio and television to advertise his new business.
B)immediately hiring a lot of Chinese talent to forge ties to powerful telecoms.
C)getting foreign venture capitalists to bankroll the new company.
D)making an export deal with the EU that gave him access to a market in many countries.
74
As presented in "Making It in China," New Yorker Peter Loehr mastered the Chinese language and absorbed the culture, allowing him to become successful in China as a:
A)hotel executive.
B)nightclub owner.
C)management consultant.
D)movie producer.
75
As recounted in "Making It in China," the idea of selling hotdogs from carts in China failed because the Chinese found the idea of hotdogs distasteful.
A)True
B)False
76
According to "The China Factor," U.S. companies should seek to develop two basic understandings about China's business environment, the:
A)language differences and the involvement of the government in manufacturing.
B)gap between home and China, and the general direction of change.
C)currency fluctuations and the financing differences.
D)different styles of management and the import-export regulations.
77
As reported in "The China Factor," one indication of China's industrial growth is that annually it will graduate six to seven times the U.S. number of graduates with degrees in:
A)business administration.
B)human resources.
C)sales and marketing.
D)engineering.
78
As noted in "The China Factor," China's 1.3 billion people give it 21 percent of the world's population.
A)True
B)False
79
Among the government-funded infrastructure projects planned in Indonesia, as mentioned in "A Whiff of New Money," are:
A)an airport extension and a gas pipeline.
B)an oil refinery and a series of bridges.
C)new roads and a subway system.
D)a high-speed railway system and several aqueducts.
80
As enumerated in "A Whiff of New Money," the global demand is robust for Indonesian products such as:
A)gemstones, spices, and coconut oil.
B)palm oil, coal, tin, and apparel.
C)wood products, aluminum goods, and fish products.
D)textiles, chemicals, and iron ore.
81
Among the many challenges Indonesia faces, as mentioned in "A Whiff of New Money," is the damage caused by the 2004 tsunami.
A)True
B)False
82
As explained in “BRIC Crumbling?”, in terms of U.S. business interests, the BRIC nations—Brazil, Russia, India, and China—have recently:
A)become the most sought-after nations for new business and industry.
B)begun to crumble as newer markets emerge.
C)lost some of their initial sheen, but still provide viability for U.S. businesses.
D)been uncovered as the darlings of the global marketplace.
83
As discussed in “BRIC Crumbling?”, one of the benefits that Brazil provides to U.S. business interests is:
A)low inflation.
B)macroeconomic stability.
C)reasonable interest rates.
D)low import duties.
84
As claimed in “BRIC Crumbling?”, for low-cost production, Russia is a better choice for Western Europe than for the United States.
A)True
B)False
85
As reported in "The Brave New World of IFRS," the move to IFRS has been mandated for countries listed on a regulated market and:
A)in the United States.
B)members of NAFTA.
C)members of ASEAN.
D)within the EU.
86
As recounted in "The Brave New World of IFRS," one problem organizations moving to the use of IFRS have encountered is a shortage of:
A)capital.
B)trained personnel.
C)clear regulations.
D)reasons to make the change.
87
As presented in "The Brave New World of IFRS," Australia, China, South Africa, and Russia are among the countries that have indicated that they may move to IFRS.
A)True
B)False
88
As presented in “Found in Translation,” U.S. CPAs dealing with foreign financial statements must be prepared to:
A)learn several languages.
B)adjust current expectations about financial statements.
C)insist on U.S. standards of preparation.
D)uncover fraud that is rampant in foreign financial dealings.
89
As claimed in “Found in Translation,” a financial statement is considered in compliance with International Financial Reporting Standards (IFRSs) if it is:
A)written in English.
B)prepared using U.S. GAAP.
C)unchanged from its original language and preparation standards.
D)in compliance with all standards and interpretations of the International Accounting Standards bodies.
90
As noted in “Found in Translation,” if a foreign financial report is prepared using U.S. GAAP and audited, there should be no questions or problems for a CPA.
A)True
B)False
91
The main topics pertaining to manufacturing over the past 35 years that, as presented in "Shaping the Future of Manufacturing," include all of the following except:
A)globalization.
B)financing.
C)production.
D)information technology.
92
As pointed out in "Shaping the Future of Manufacturing," instead of the dreaded Y2K meltdown of computer systems, the real problem that occurred in 2000 was the:
A)disputed U.S. presidential election.
B)rise in oil prices.
C)financial collapse of Internet companies.
D)emergence of China as a manufacturing giant.
93
As noted in "Shaping the Future of Manufacturing," in 1980 the United States dropped to second place in automobile manufacturing for the first time since 1904.
A)True
B)False
94
As presented in “The Rise of BRIC,” changes in the political systems of Brazil, Russia, India, and China (BRIC) have unleashed in these countries a new:
A)unified culture.
B)consumer demand.
C)poverty class.
D)rejection of globalization.
95
According to “The Rise of BRIC,” the biggest challenge for Western marketers attempting to reach potential customers in the BRIC nations is the:
A)citizens’ overall disinterest in new products and services.
B)various governments’ distrust of outside businesses.
C)inability of BRIC citizens to afford the products they want to purchase.
D)difficulty of reaching widely dispersed consumers with differing languages and cultures.
96
As claimed in “The Rise of BRIC,” the biggest investment for a company doing business in BRIC countries is in the local workforce.
A)True
B)False
97
As described in “International OHS,” in an attempt to punish its union miners for refusing to work with non-union workers, employer Grupo Mexico:
A)fired all its union workers.
B)reduced union-worker salaries.
C)brought in workers from other unions.
D)dismantled safety equipment.
98
As explained in “International OHS,” a current health and safety concern for Grupo Mexico mining employees in Mexico is the:
A)lack of adequate tools to do their job.
B)presence of dangerous quantities of ore dust.
C)risk of contagious diseases spreading in the mines.
D)introduction of non-union labor into the mines.
99
As discussed in “International OHS,” when Grupo Mexico miners went on strike in Mexico, United Steel Workers (USW) members in the United States went to Mexico to take over the work.
A)True
B)False
100
According to “Out of Work,” globalization in the twenty-first century has seen:
A)fewer people working worldwide than ever before.
B)a steady decrease each year in global economic growth.
C)an end to poverty across the globe.
D)a steadily high unemployment rate.
101
As claimed in “Out of Work,” a precondition for sustained economic growth in the world is:
A)an increase in global economic growth.
B)a reduction in unemployment and poverty through decent and productive jobs.
C)an increase in the availability of “informal” jobs.
D)a better means of tracking poverty and unemployment.
102
As stated in “Out of Work,” the group that is hardest hit by global unemployment is the young.
A)True
B)False
103
As presented in “Worrying Trends for the Global Outsourcing Industry,” investors enamored with Indian outsourcing companies might be wise to curb their enthusiasm because:
A)Indian outsourcing firms have reported significant losses in recent years.
B)the economic downturn in the United States is slowing outsourcing financial growth.
C)outsourcing has become a thing of the past for U.S. corporations.
D)Indian workers no longer want to work as outsourced labor for the United States
104
As explained in “Worrying Trends for the Global Outsourcing Industry,” a growing problem for information technology (IT) vendors in India is:
A)high wage inflation.
B)a shortage of skilled workers.
C)low worker-turnover rates.
D)the loss of Indian workers to U.S. companies.
105
As noted in “Worrying Trends for the Global Outsourcing Industry,” the current anti-globalization sentiment in the United States should have little to no impact on the outsourcing of jobs to India.
A)True
B)False
106
As claimed in “Roots of Insecurity,” one of the key policy commitments of liberalization is:
A)limiting capital mobility.
B)decreasing labor-market flexibility.
C)encouraging union growth.
D)reducing the influence of the public sector.
107
According to “Roots of Insecurity,” the United States is the only advanced industrialized country that:
A)allows employers, in most cases, to hire and fire at will.
B)has no employee-notification policy for plant closings or mass layoffs.
C)protects workers from being fired for no specific reason.
D)provides severe restrictions on employers’ rights with regard to employees.
108
As asserted in “Roots of Insecurity,” the use of temporary employees has allowed European employers to circumvent employee-protection laws.
A)True
B)False
109
In the fictional retrospective of the author of "Countdown to a Meltdown," the event that led to the Democratic victory in the election of 2008 was the:
A)collapse of the dollar in Asian market.
B)death of Fidel Castro.
C)defeat of U.S. forces in Iraq.
D)rise to power of Hugo Chavez.
110
According to "Countdown to a Meltdown," every Republican president has left office with the:
A)dollar higher.
B)American trade position stronger.
C)U.S. manufacturing work force smaller.
D)federal budget deficit lower.
111
As noted in "Countdown to a Meltdown," in 2005 the Congressional Budget Office contended that a large majority of the upcoming year's deficit resulted from the Bush Administration tax cuts.
A)True
B)False
112
According to “Oil Frontiers,” a major problem with drilling for oil in the Arctic region is that:
A)Arctic oil reserves are already tapped out.
B)there are few undiscovered reserves in the Arctic.
C)the environmental costs would be considerable.
D)the Arctic region is impossible to access.
113
As profiled in “Oil Frontiers,” the Norwegian company Statoil is the first offshore operation to:
A)consider Arctic oil exploration.
B)team with Russia to explore the northern Barents Sea.
C)establish drilling platforms and production vessels in the Barents Sea.
D)create an offshore oil field that is entirely under water.
114
As portrayed in “Oil Frontiers,” Shell Oil’s new offshore drilling policies include protection of and non-interference with indigenous populations.
A)True
B)False
115
As described in "A New World Economy: The Balance of Power Will Shift to the East as China and India Evolve," the closest parallel to the emergence of China and India as economic powers is the saga of:
A)eighteenth-century Great Britain.
B)nineteenth-century America.
C)thirteenth-century Venice.
D)twentieth-century Japan and Korea
116
As asserted in "A New World Economy: The Balance of Power Will Shift to the East as China and India Evolve," India's long-term potential may be even greater than China's, in part because India has:
A)even more educated people.
B)much better supplies of natural resources.
C)many young people and higher fertility rates, so it will have more workers.
D)closer relationships with many of the world's biggest multinationals.
117
As noted in "A New World Economy: The Balance of Power Will Shift to the East as China and India Evolve," China has tripled per capita income in a generation and eased 300 million people out of poverty.
A)True
B)False
118
As noted in “Going Green,” the problem facing automakers is to balance the protection of the global environment with:
A)governmental regulations.
B)the demands of stockholders.
C)the survival of their business.
D)the need for speed.
119
As revealed in “Going Green,” the auto industry is the cause of fewer dangerous greenhouse-gas emissions than:
A)livestock.
B)manufacturing.
C)private homes.
D)discarded appliances and batteries.
120
As profiled in “Going Green,” one of the major issues facing the auto industry is that executives think in terms of short-term payback for investments rather than long-term savings and goodwill.
A)True
B)False
121
As maintained in "Globalization and You," in order to succeed in a globalized world economy, people:
A)need a good education and flexibility to maintain a competitive advantage.
B)should have engineering skills.
C)must be willing to perform manual labor.
D)must consume less and save more.





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