Which of these statements about the world economy is CORRECT?
A) In the 1990s, the concept of a unified European economy had been largely abandoned.
B) In the 1980s, China began to open to trade.
C) In the 1970s, the Japanese economy had not yet recovered from World War II.
D) In the 1960s, Asia began creating a highly educated workforce.
Question 2The amount of benefits received given the price paid for a product is called a(n)
A) competitive advantage
B) opportunity cost
C) cost-benefit analysis
D) value relationship
Question 3The United States has become one of the world's top offshoring countries.
Indicate whether the statement is true or false
Question 4The major reason that global companies outsource jobs is to reduce costs.
Indicate whether the statement is true or false
Question 5Women in the United States have the highest levels of empowerment.
Indicate whether the statement is true or false
Question 6Part of the product-market evaluation process involves a review of the risks involved in doing business in a country.
Indicate whether the statement is true or false
Question 7Most companies look at their own skill base before they consider producing new products.
Indicate whether the statement is true or false
Question 8The largest unit for which a business develops a strategy is called a product-market.
Indicate whether the statement is true or false
Question 9Marketers always have an advantage when they are selling within their own culture.
Indicate whether the statement is true or false
Question 10One way the U.S. maintains a competitive advantage over other nations is with its low-labor costs.
Indicate whether the statement is true or false
Question 11One of the keys to U.S. competitiveness has always been its high productivity.
Indicate whether the statement is true or false
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