IB

Which of the following terms is used to refer to the positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts?

Folk customs that spread by cultural diffusion to other regions develop into ________.

The segment of the economic environment comprising independently owned firms that seek to earn profits is called the ________.

An additional tariff placed on an imported product that a nation believes is receiving an unfair subsidy is called a(n) ________.

Tariffs tend to exact a cost on countries as a whole because they lessen citizens' gains from trade.

Countries often use local content regulations to determine the proportion of the product that must be made in the local market versus made outside of the local market in order to ________.

A class system is a system of social stratification in which ________.

A government can limit the economic activities of a foreign firm that resists its effort to introduce home-country nationals into the company.

Small companies selling traditional products benefit from ________.

According to Michael Porter, advanced factors account for the sustained competitive advantage a country enjoys in a product.

The international product life cycle theory was put forth for ________.

An absolute advantage is the economic and strategic advantage gained by being the first company to enter an industry.

________ involves the idea that a nation-state is autonomous, cannot intervene in the affairs of other nations, and can enter into binding international agreements.

Research shows that pollution-intensive U.S. Companies tend to invest in nations with lenient environmental standards.

The automobile industry is typically protected for national security reasons.

In a market economy, access to alternative purchase options is known as ________.

The practice by which managers and other employees find jobs within their own companies for relatives is known as ________.

A ________ is a political system in which government leaders are elected directly by the wide participation of the people or by their representatives.

Which of the following is an example of globalization of production?

Which of the following political ideologies states that every aspect of people's lives must be controlled for a nation's political system to be effective?

________ is political risk that affects only a specific firm or firms within a specific industry.

Nations following the theory of ________ believed that the world's wealth was limited and that a nation could increase its share of the pie only at the expense of its neighbors.

The difference between the balances of the current and capital accounts of a country's balance of payments caused by errors in recording methods is called a(n) ________.

According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?

Which of the following is true about economic development of a nation?

One of the major pillars upon which the practice of mercantilism rested was ________.

Trade in services tends to be relatively more important for the world's richest countries.

Exports and imports of computer software, electronic components, and apparel are included in the ________ account of a country's balance of payments.

The Uruguay Round of Negotiations created the TRIPS Agreement to ________.

The ________ of a country is its gross national product divided by its population.