Chapter 4 The Economic EnvironmentWord格式.docx
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Whatarethebenefitsofinternationaleconomicanalysis?
2）Income,purchasingpower,marketsize,andmarkettypeareallkeyelementsofa（n）________.
A）politicalenvironment
B）culturalenvironment
C）economicenvironment
D）legalenvironment
C
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3）Fromthe1980stothemostrecentglobaleconomiccrisis,whichofthefollowingwastheeconomictrend?
A）governmentsinterveningmoreineconomicaffairs
B）governmentsincreasingtheisolationoftheirnations'
economies
C）countriesturningawayfromtheprinciplesandpracticesoffreemarkets
D）countriesadoptingtheprinciplesandpracticesoffreemarkets
D
4）Thereisnouniversalschemetoassesstheperformanceandpotentialofacountry'
seconomicenvironmentduetothreeconditions.Whichofthefollowingisoneofthoseconditions?
A）thedifficultyofidentifyingadefinitivesetofpredictiveeconomicindicators
B）thestaticnatureofthemarketplace
C）theisolationofmostmarketsfromeachother
D）thelackofreliableeconomicdatafromdevelopedeconomies
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5）Grossnationalincome（GNI）,thebroadestmeasureofeconomicactivityforacountry,isdefinedas________.
A）thetotalofallconsumptionandinvestmentthattakesplaceinanationaleconomy
B）theincomegeneratedinonecountry,regardlessofwhoownstheproductiveassets
C）thetotalofalleconomicactivityinonecountrylessservices,suchasgovernmentadministration,healthservices,andeducation
D）theincomegeneratedbybothtotaldomesticproductionandtheinternationalproductionactivitiesofnationalcompanies
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STUDYQUESTION4.2:
WhatareGNIandGDP?
6）IncomputingGNI,thevalueofaFordcarthatismanufacturedinMexicousingcapitalfromtheUnitedStateswould________.
A）beaddedtotheGNIoftheUnitedStatesaswellastheGNIofMexico
B）notbeaddedtotheGNIoftheUnitedStatesbutwouldbeaddedtotheGNIofMexico
C）onlyaffectthecomputationofGDPandhavenobearingonGNI
D）beaddedtotheGNIoftheUnitedStatesbutnottheGNIofMexico
3PageRef:
Application
AACSB:
AnalyticSkills
7）Themeasureofthevalueofproductionthatoccurswithinacountry'
sborderswithoutregardtowhethertheproductionisdonebydomesticorforeignfactorsofproductioniscommonlyreferredtoasthe________.
A）netnationalproduct（NNP）
B）grossnationalproduct（GNP）
C）grossdomesticproduct（GDP）
D）grossnationalincome（GNI）
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8）Todeterminewhetherthestandardoflivingwithinacountryisrisingorfalling,economistswouldmostlikelyusewhichofthefollowingmeasures?
A）percapitaGNI
B）GNIgrowthrate
C）purchasingpowerparity（PPP）
D）degreeofhumandevelopment
B
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9）Somearguethatgrossnationalincome,anditsexpressionintermsofpercapita,growthrate,orPPPrefinements,focusestoomuchon________,therebyonlypartiallyrepresentingthescaleandscopeofacountry'
slevelofdevelopment.
A）regionaldifferences
B）monetaryindicators
C）marketdemographics
D）culturalfactors
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STUDYQUESTION4.3:
WhatistheimplicationoftheHumanDevelopmentIndexformeasuringeconomicdevelopment?
10）TheUnitedNations'
________measureslifeexpectancy,educationalattainment,andthestandardoflivinginagivencountry.
A）HumanDevelopmentIndex
B）GrossNationalHappiness
C）GenuineProgressIndicator
D）HappyPlanetIndex
142-143
11）TheHumanDevelopmentIndexmeasurestheaverageachievementsinacountryonthreebasicdimensionsofhumandevelopment,including________.
A）promotionofculturalvalues
B）quantityoffreetime
C）extentofknowledge
D）preservationofthenaturalenvironment
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12）The________startswiththesameaccountingframeworkusedtocalculateGDPbutthenadjustsforvaluesassignedtoenvironmentalquality,populationhealth,livelihoodsecurity,equity,freetime,andeducationalattainment.
A）GrossNationalIndex
B）GreenNetNationalProduct
D）HumanDevelopmentIndex
13）Aworrisomeoutcomeofchronicinflationisthatittendsto________.
A）erodeconfidenceinacountry'
scurrency
B）givecentralbankingofficialsexcessiveflexibilitytomanagemonetarypolicy
C）increasetherealincomeofpeople,therebyinflatingtheirexpectations
D）leadtolowerdemand,triggeringlowerpricesandeventuallyloweremployment
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STUDYQUESTION4.4:
Whatdowemeanbyinflation?
Howdoesitaffectthebusinessenvironment?
14）________isageneral,sustainedriseinpricesmeasuredagainstastandardlevelofpurchasingpower.
A）Deflation
B）Inflation
C）Expansion
D）Reflation
15）Inordertoreduceorcontrolinflation,agovernmentwouldmostlikelydowhichofthefollowing?
A）increaseinterestrates
B）increasetaxes
C）decreaseinterestrates
D）decreasetaxes
16）________canoccurwhendemanddeclinesandsupplygrows.
A）Inflation
B）Chronicinflation
C）Reflation
D）Deflation
17）IntheUnitedStates,U3istheofficialunemploymentrate.Thisrateprovidesameasureofwhichofthefollowing?
A）thosewhoarenotworkingbutarewillingandabletoworkforpay,currentlyavailabletowork,andactivelysearchingforwork
B）thosewhohavestoppedlookingforworkbecausecurrenteconomicconditionsleadthemtobelievenoworkisavailable
C）thosewhowanttoworkfull-timebutareonlyabletofindpart-timeemploymentduetoeconomicconditions
D）alloftheabove
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STUDYQUESTION4.5:
Whatdowemeanbyunemploymentanddebt?
Howdobothaffectthebusinessenvironment?
18）Theso-called"
miseryindex"
isthesumofacountry'
s________.
A）externalandinternaldebt
B）inflationandunemploymentrates
C）unemploymentlevelandtotaldebt
D）tradedeficitandinflationrate
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19）Agovernment'
sinternaldebtcanbeincurredforanyEXCEPTwhichofthefollowingreasons?
A）Thetaxsystemissopoorlyrunthatthegovernmentcannotcollectalltherevenuesitexpects.
B）Governmentcostssuchassecurityandsocialprogramsexceedtotaltaxrevenues.
C）Thegovernmentborrowsmoneyfrominternationalfinancialinstitutions.
D）State-ownedenterprisesrunlargedeficits.
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20）Acountry'
sdebthastwoparts:
internalandexternal.Internaldebtresultswhen________;
externaldebtresultswhen________.
A）thegovernmentspendsmorethanitcollectsinrevenues;
agovernmentborrowsmoneyfromforeignlenders
B）thegovernmentcollectsmorethanitspendsinrevenues;
agovernmentborrowsmoneyfromlocalunitsofforeignbanks
C）thegovernmentspendsmorethanitgeneratesinrevenues;
agovernmentlendsmoneytoforeigners
D）thegovernmentsavesmorethanitcollectsinrevenues;
agovernmentreceivesshort-termcreditsfromforeignlenders
21）Unevenincomedistribution________.
A）existsinalmosteverycountry
B）islargelyaproblemforpoorernations
C）primarilyaffectspeople
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