Test Bank For International Business Competing in the Global Marketplace 11th Edition By Charles -Thomas

Test Bank For International Business Competing in the Global Marketplace 11th Edition By Charles -Thomas

Chapter 03

National Differences in Economic Development

True / False Questions
1.GNI allows a more direct comparison of living standards in different countries.

True False

2.In Sen’s view, development is an economic process that should be assessed by material output measures such as GNI per capita.

True False

3.Life expectancy at birth is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.

True False

4.Political freedom is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.

True False

5.If a country’s economy is to sustain long-run economic growth, the business environment must be conducive to innovations and entrepreneurial activity.

True False

6.Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.

True False

7.Peruvian development economist Hernando de Soto has argued that the chronic inability of property owners to establish legal title to the property they own is a key problem for innovation, and entrepreneurial activity in developing nations.

True False

8.Most property in poor countries is owned legally by investors.

True False

9.Totalitarian states promote human freedom and human development, which facilitates economic progress.

True False

10.Since the late 1980s, there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.

True False