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According to our class lectures, mayme hane FO dec a. location factors e, home c

ID: 356339 • Letter: A

Question

According to our class lectures, mayme hane FO dec a. location factors e, home country trade policies d owenhipecifie avantage e a.tb and d ahove 38. In a high-context culture a. the individual is more important than the group b. legal systems rely totally on contracts e the most important information is contained explicitly in the words spoken from one person to another the relationships and status of people are ofen more important than what one person says to another d. e. none of the above 39. The measurement of all economic activity between businesses, governments and individuals of a country and those in the rest of the world is called resident transactions measurement. a. b. balance oftransactions c. exchange of transactions balance of payments. d. e. none of the above 40. The most important aspects of a good definition of the word culture, include the fact(s) that culture is a system of beliefs (values) that is: a. learned shared with other members of a society or group. changing slowly over time (if at all). all of the above. b. c. d. e. none ofthe above 41. All of the following are benefits of the euro except: a. increases national government's control over its economy. b. businesses realize significant savings from doing business in only one currency. c. consumers find it easier to compare prices across Europe. d. produces long-run gains in economic efficiency of European companies. e. boosts development ofa pan-European capital market. a. goods (merchandise) trade. b. services trade. c. income receipts and payments. d. all of the above. e. all of the above plus current transfers. 5

Explanation / Answer

39) Measurement of all economic activity between businesses, government, individuals of country and those in rest of world is called as-

D) balance of payment

40) The important aspects of good definition of word culture, includes that culture is a system of belief that is-

D) All of the above

41) All are benefits of euro except-

D) produces long run gains in economic efficiencies of European companies

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