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| Section | Weight | Objectives |
|---|---|---|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Global Finance and Monetary Systems | 25% | - Balance of Payments and International Monetary System
|
| Foundations of Global Economics | 20% | - Economic Systems and Institutions
|
| Foreign Direct Investment and Global Strategy | 20% | - Foreign Direct Investment (FDI)
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
>> Global-Economics-for-Managers題庫分享 <<
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問題 #106
One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?
答案：B
解題說明：
InGlobal Economics for Managers, thelong-run historical viewof globalization argues that globalization is not a recent phenomenon, but rather a process that has existed throughout human history. This view emphasizes that trade, migration, cultural exchange, and cross-border interactions have occurred for thousands of years, long before modern multinational enterprises or digital technologies emerged.
Under this perspective, early examples of globalization include ancient trade routes such as the Silk Road, maritime trade across the Mediterranean, and colonial-era exchanges of goods, capital, and labor. Although the scale, speed, and complexityof globalization have increased dramatically in recent decades, the underlying idea of cross-border integration is seen as historically continuous.
This view contrasts with more recent interpretations that define globalization as a post-World War II or late
20th-century phenomenon driven by multinational corporations, trade liberalization, and digital communication. The long-run historical view does not deny the importance of these modern forces but argues that they represent anintensification, not the origin, of globalization.
For managers, this perspective is important because it frames globalization as a persistent structural force rather than a temporary trend. Firms operating globally must recognize that international economic integration has deep roots and is likely to continue evolving rather than reversing permanently.
Therefore, option C correctly identifies the long-run historical view as the perspective that sees globalization as an enduring feature of human civilization.
問題 #107
What is true about tariffs?
答案：C
解題說明：
InGlobal Economics for Managers, tariffs are recognized as a policy tool thatallows governments to raise revenue, making option C correct.
Tariffs generate revenue by taxing imported goods. While domestic producers may benefit and governments gain revenue, consumers lose due to higher prices and reduced choices. Tariffs also create deadweight loss, reducing overall economic efficiency.
Options A, B, and D contradict standard trade theory.
Therefore, option C is correct.
問題 #108
Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?
答案：C
解題說明：
InGlobal Economics for Managers, anoligopolyis defined as a market structure characterized bylimited competition in which a small number of sellers dominate the market, making option C the correct answer.
These firms collectively control a large share of total market output, and each firm's actions significantly influence the behavior and profitability of the others.
Oligopolistic markets are common in industries with high barriers to entry, such as automobiles, airlines, telecommunications, and energy. Barriers may include economies of scale, high capital requirements, technological advantages, or government regulation. Because only a few firms operate in the market, strategic decision making becomes critical.
Option A, monopoly, involves a single seller. Option B, monopolistic competition, includes many sellers offering differentiated products. Option D, perfect competition, involves many sellers with no market power.
Global Economics for Managersemphasizes that oligopolies are marked by strategic interaction, where firms must anticipate competitors' reactions when setting prices, output, advertising, or investment levels. This interdependence distinguishes oligopoly from other market structures.
Thus, option C accurately describes a market structure with limited competition and a small number of sellers.
問題 #109
What is the necessity of making sensible decisions in the absence of complete information called?
答案：A
解題說明：
InGlobal Economics for Managers,bounded rationalitydescribes the necessity of making sensible decisions without complete information, making option B correct. Because information is costly, limited, or imperfect, individuals and firms cannot always make fully optimal decisions.
Bounded rationality recognizes cognitive limitations and time constraints. Managers often rely on rules of thumb, experience, and simplified models rather than exhaustive analysis. This approach leads to satisfactory decisions rather than perfectly optimal ones.
Option A assumes complete information, which is unrealistic. Options C and D describe information asymmetry problems, not decision-making constraints.
Thus, option B correctly defines bounded rationality.
問題 #110
Which factors increase a country's currency exchange value? Choose two answers.
答案：C,D
解題說明：
A country's currency exchange value tends to rise when economic conditions increase demand for that currency. Option A is correct because higher productivity improves competitiveness, lowers relative production costs, and can increase foreign demand for the country's goods and currency. Option B is also correct because higher interest rates can attract foreign capital seeking better returns, increasing demand for the domestic currency. A fall in productivity weakens competitiveness and can reduce currency value. A rise in inflation usually depreciates a currency because purchasing power falls. Political unrest also weakens investor confidence and can trigger capital flight. A fall in population does not automatically increase exchange value and may weaken long-term growth expectations. Therefore, productivity gains and higher interest rates are the best answers.
問題 #111
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