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| Section | Weight | Objectives |
|---|---|---|
| Macroeconomics for Managers | 10% | - Economic Indicators and Policies
|
| Foundations of Global Economics | 20% | - Views on Globalization
|
| Global Finance and Monetary Systems | 25% | - Balance of Payments and International Monetary System
|
| Foreign Direct Investment and Global Strategy | 20% | - Global Business Strategy
|
| International Trade Theory and Policy | 25% | - Trade Policies and Barriers
|
>> Global-Economics-for-Managers덤프샘플문제 <<
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질문 # 105
What are features shared by monopolies and perfect competition? (Choose TWO.)
정답：A,D
설명：
InGlobal Economics for Managers, monopolies and perfectly competitive firms share two important features:
profit maximization at MR = MCand the ability toearn economic profits in the short run, making options E and F correct.
Option E applies universally: all firms maximize profit wheremarginal revenue equals marginal cost, regardless of market structure. This decision rule guides output choices in both monopoly and perfect competition.
Option F is also correct because firms in both structurescan earn economic profits in the short run. In perfect competition, short-run profits attract new entrants, while monopolies may sustain profits longer due to entry barriers.
Options A and B distinguish the two structures. Option C applies only to monopoly. Option D applies only to monopoly, not perfect competition.
Thus, options E and F correctly identify shared features.
질문 # 106
When confronting MNEs, the extender strategy centers on what?
정답：C
설명：
InGlobal Economics for Managers, theextender strategycenters onleveraging homegrown competencies abroad, making option A the correct answer. This strategy is typically adopted by firms whose competitive assets are strong and transferable across borders and that operate in industries with significant pressure to globalize.
Homegrown competencies may include proprietary technology, strong brands, efficient production processes, or superior managerial know-how developed in the domestic market. Under an extender strategy, firms take these existing strengths and apply them to foreign markets, often through exporting, licensing, franchising, or foreign direct investment. The goal is to extend the firm's competitive advantage beyond national borders without fundamentally altering its core business model.
Option B describes adodger or collaborator strategy, which emphasizes cooperation rather than independent expansion. Option C aligns more closely with adefender strategy, where firms rely on local advantages to resist foreign competition. Option D reflects elements of acontender strategy, where firms prioritize learning before expanding internationally.
The extender strategy is particularly effective when firms face global competitors but already possess assets that can be scaled internationally at relatively low cost. For managers, understanding this strategy is critical for deciding when and how to internationalize operations in response to MNE competition.
Thus, option A accurately reflects the central focus of the extender strategy as defined inGlobal Economics for Managers.
질문 # 107
Which mode of entry is an equity-based entry mode?
정답：C
설명：
In Global Economics for Managers , entry modes are commonly classified into non-equity , contractual , and equity-based modes, depending on the level of ownership, control, and risk assumed by the firm. A 50
/50 joint venture is an equity-based entry mode, making option B the correct answer.
Equity-based entry modes involve ownership of assets in the foreign market . In a 50/50 joint venture, two firms-typically one domestic and one foreign-each contribute capital and share ownership, control, profits, and risks equally. This structure allows firms to access local market knowledge, share financial risk, and comply with host-country regulations that may restrict full foreign ownership.
Option A, franchising, and option C, licensing, are contractual entry modes . In these arrangements, firms transfer intellectual property or business formats to foreign partners without taking ownership stakes. While these modes involve lower risk and investment, they also provide less control. Option D, indirect exports, is a non-equity mode that requires minimal commitment and no foreign ownership.
Global Economics for Managers emphasizes that equity-based modes like joint ventures are often chosen when firms need local partners, face political or regulatory constraints, or operate in culturally or institutionally complex environments. However, they also involve higher risk due to shared control and potential partner conflicts.
Thus, option B correctly identifies an equity-based mode of entry.
질문 # 108
Which entrant is able to erect significant barriers for other entrants?
정답：C
설명：
InGlobal Economics for Managers, afirst moveris a firm that enters a market early and is often able toerect significant barriers to entry, making option B correct.
First movers can secure scarce resources, establish strong brand recognition, achieve economies of scale, and set technological or industry standards. These advantages make it difficult for later entrants to compete effectively.
Late movers benefit from reduced uncertainty but rarely control key assets. Contenders and dodgers are strategic responses to multinational enterprises, not timing-based entry categories.
Therefore, option B correctly identifies the entrant most capable of erecting significant entry barriers.
질문 # 109
What are represented by formal institutions?
정답：C
설명：
InGlobal Economics for Managers,formal institutionsare represented primarily bylaws, making option C correct. Formal institutions include constitutions, statutes, regulations, contracts, and property rights that are officially codified and enforced by governments or legal authorities.
These institutions reduce uncertainty by clearly defining acceptable behavior and outlining consequences for violations. For firms, formal institutions establish the legal framework for business operations, including rules governing entry, competition, taxation, and dispute resolution.
Options A, B, and D describeinformal institutions, which are unwritten and enforced through social mechanisms rather than legal authority.
Therefore, option C correctly identifies laws as representations of formal institutions.
질문 # 110
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