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| Section | Objectives |
|---|---|
| Competency 2: Political and Economic Forces | - Property Rights and the Rule of Law - Market Economy vs. Command Economy |
| Competency 1: International Trade and Currency Exchange | - Currency Exchange Rate Determination - Impact of Interest Rates on Financial Flows and Exchange Rates - Introduction to International Trade Theories |
| Competency 3: Economic Decision-Making by Firms and Customers | - Firm Behavior Under Different Market Structures (Perfect Competition, Monopoly, Oligopoly) - Consumer Behavior (Budget Constraint, Indifference Curves) |
| Key Topics Across All Competencies | - Foreign Direct Investment (FDI) Impacts - Elastic vs. Inelastic Goods - International Trade Policies (Tariffs, Quotas) - Global Business Strategies and Porter's Framework - Supply and Demand Shifts - Currency Appreciation and Depreciation |
>> Global-Economics-for-Managers最新考題 <<
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問題 #111
What is one of the OLI advantages outlined by John Dunning for why firms become multinational enterprises by engaging in foreign direct investment?
答案：A
解題說明：
InGlobal Economics for Managers, John Dunning'sOLI frameworkexplains why firms engage in foreign direct investment (FDI). One of its three components isinternalization advantages, making option C correct.
Internalization advantages arise when a firm finds it more efficient toconduct business activities internally rather than through market transactions such as licensing or outsourcing. By internalizing operations, firms can reduce transaction costs, protect proprietary knowledge, maintain quality control, and avoid contractual disputes.
The OLI framework consists of:
* Ownership advantages: firm-specific assets such as technology or brand reputation
* Location advantages: benefits of operating in a particular country
* Internalization advantages: gains from keeping activities within the firm When all three advantages are present, firms are more likely to pursue FDI rather than exporting or licensing.
Option D is not part of the OLI framework. Thus, option C is correct.
問題 #112
Which statement best summarizes the overall economic effect of tariffs?
答案：D
解題說明：
InGlobal Economics for Managers, tariffs are shown toredistribute economic surplus, making option C correct. When a tariff is imposed, consumers lose surplus due to higher prices, while domestic producers gain surplus and the government collects tariff revenue.
However, the gains to producers and government do not fully offset consumer losses, resulting in deadweight loss. Thus, tariffs reduce total economic welfare even though certain groups benefit.
Options A, B, and D are incorrect.
Therefore, option C accurately summarizes the overall economic effect of tariffs.
問題 #113
What is one example of something a copyright is used to protect?
答案：D
解題說明：
InGlobal Economics for Managers,copyrightis identified as a form of intellectual property protection that applies tooriginal works of authorship, making option A-the content of a book-the correct answer.
Copyright protects the expression of ideas rather than the ideas themselves.
Copyright protection typically covers literary works, music, films, software code, artistic creations, and other original content fixed in a tangible medium. It grants the creator exclusive rights to reproduce, distribute, display, and perform the work for a specified period. This protection encourages creativity and innovation by allowing creators to earn economic returns from their work.
Option B refers totrademarks, which protect brand names, symbols, and slogans used to distinguish goods or services. Option C, the design of a logo, is also generally protected under trademark law. Option D describes a patent, which protects new inventions, processes, or designs with functional utility.
Global Economics for Managersemphasizes that strong intellectual property protection is critical for firms competing in knowledge-intensive industries. Copyright protection, in particular, plays a key role in publishing, entertainment, and software sectors.
Therefore, option A correctly identifies an example of what copyright is used to protect.
問題 #114
What is one of the three primary types of foreign exchange transactions?
答案：A
解題說明：
In Global Economics for Managers, spot transactions are one of the three primary types of foreign exchange transactions, making option B correct. Spot transactions involve the immediate exchange of currencies, typically settled within two business days.
The three main foreign exchange transactions are:
Spot transactions
Forward transactions
Swap transactions
Spot transactions form the foundation of currency trading and are widely used for international trade payments and short-term currency needs.
Options C and D describe strategies rather than transaction types.
Thus, option B is correct.
問題 #115
What are examples of fixed costs? (Choose TWO.)
答案：A,C
解題說明：
InGlobal Economics for Managers,fixed costsare costs that do not vary with the level of output in the short run, making optionsC and Dcorrect.
Option C, astate license fee, is fixed because it must be paid regardless of how much output is produced.
Option D,monthly internet service, is also fixed since the cost remains constant even if production rises or falls.
Options A, B, and E arevariable costsbecause they increase as output increases. Sales commissions depend on sales volume, flour usage depends on bread production, and parts costs rise with the number of devices produced.
Understanding fixed costs is essential for break-even analysis and short-run production decisions. Thus, C and D are correct.
問題 #116
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