Chapter 2 H.W.

Which of the following regions depends the most heavily on the oil industry for its economic growth? 1. Middle East 2. North America 3. Latin America 4. Western Europe

Which nation is currently rapidly expanding investment in Africa? 1. China 2. the EU 3. India 4. the US

One of the main reasons it has been considered risky to conduct business in the Middle East is 1. Funding from MIGA is not very reliable 2. Regulations and legal enforcement have been improving 3. The region's history of conflict and political unrest 4. Laws barring any foreign goods from being sold in the region

All of the following are part of the North American marketplace EXCEPT 1. Venezuela 2. Mexico 3. Canada 4. Alaska

Who are Russia's oligarchs? 1.Businessmen designated as leaders by the Kremlin 2. Surviving heirs of the tzar's family 3. Former Soviet presidents 4. Businessmen who became rich after the fall of the USSR

The economy of sub-Saharan Africa depends largely on all of the following EXCEPT 1. minerals 2. manufacturing 3. agriculture 4. oil

All of the following are central challenges to conducting business in India EXCEPT 1. Poor infrastructure 2. Bureaucracy and red tape 3. Corruption 4. Expanding democracy

In what region does a history of conflict and political instability, as well as current unrest, increase the risk of doing business there? 1. Middle East 2. Western Europe 3. Latin America 4. East Asia

FDI to China has increased significantly in recent decades due to 1. Low economic growth 2. Laws allowing foreign investment for the first time 3. High economic growth 4. Laws restricting foreign investment

____ has the largest economy in North America; _____ has the highest per capita GDP in North America.

Which country is NOT a member of the European Union (EU) and has NOT adopted the euro as its currency? 1. Switzerland 2. the U.K. 3. France 4. Germany

Which of the following can be found in Chinlarge FDI inflows 1. large FDI inflows 2. economic growth 3. human rights violation 4. all of these

Which of the following is FALSE regarding the Arctic? 1. Shipping routes may soon be open year-round due to global warming 2. The Middle Powers have been effective in reducing tensions between the U.S. and Russia there 3. China and India have no interest in the region since their countries do not border it 4. Diplomatic tactics used in the region could set an example for other maritime conflicts

Russia's economy has greatly benefited from the recent drop in global oil prices. True False

In 2014, violent protests occurred in _____ over its relationship with the EU, leading to conflict with Russia. 1. Ukraine 2. Turkey 3. Croatia 4. Iceland

Your friend Albert has told you that he is moving to the Eurozone. He could be moving to any of the following countries EXCEPT Greece United Kingdom France Germany

After World War II, many Latin American countries used both import substitution and export promotion to try and increase economic growth. These policies caused all of the following problems EXCEPT 1. The cost of the policies caused high budget deficits 2. Local markets were too small to achieve competitive pricing 3. They benefited foreign firms 4. The cost of the policies was passed on to taxpayers

After World War II, Latin American countries used all of the following EXCEPT _______ to spur economic growth. 1. Privatization 2. Export promotion 3. Subsidies 4. Import substitution