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1
According to the authors of "World War II to 2011," the big difference between the world we face today and the world we faced in the 1940s and 1950s is that today we have:
A)nearly instantaneous electronic communication.
B)binding international trade agreements.
C)a negative trade balance between the United States and several countries.
D)countries participating in the global economy that were not participants then.
2
As noted in "World War II to 2011," Franklin Roosevelt talked about the "Four Freedoms," but today we have one more freedom and that is the freedom to:
A)travel globally on a regular basis.
B)connect to the Internet and freely exchange information.
C)appeal to the World Court for international justice.
D)openly express our individual sexual preference.
3
As pointed out in "World War II to 2011," globalization is an enormous threat to the U.S. economy, and trade tariffs and protections are necessary to combat this threat.
A)True
B)False
4
As noted in "China Must Carry the World," the middle class in China today is:
A)shrinking as the number of poor skyrockets.
B)larger than the entire working population of the United States.
C)only slightly larger than it was 30 years ago.
D)wealthier than the middle class in any other world economy.
5
As identified in "China Must Carry the World," two of the major risks with China as the global economy remains in recession are:
A)population growth and inflation.
B)political secrecy and aspirations for colonial expansion.
C)provincialism and insularity.
D)deflation and trade wars.
6
According to "China Must Carry the World," China holds larger U.S. dollar reserves than any other nation; they total more than $2 trillion.
A)True
B)False
7
According to the author of "Terra Instabilis," the revolution that began in Tunisia in December 2010 is above all the consequence of:
A)Western ideals of democracy embraced by the young, educated citizens.
B)manipulation of idealists by a military elite.
C)economic distress and despair.
D)a desire by Muslims for the imposition of Sharia law.
8
As identified in "Terra Instabilis," the most important and advanced Arab nation is:
A)Iraq.
B)Egypt.
C)Saudi Arabia.
D)Lebanon.
9
As asserted by the author of "Terra Instabilis," when large numbers of young men are without work, without prospects for marriage, and without any outlet for their political and social grievances, violence occurs.
A)True
B)False
10
The author of "The Theory of Comparative Advantage" states that the theory is the core of the case for:
A)tariffs.
B)tax breaks for manufacturing.
C)free trade.
D)socialism.
11
The author of "The Theory of Comparative Advantage" explains the theory of comparative advantage by using the example of a professional football player hiring someone else to:
A)cook his meals.
B)mow his lawn.
C)do his laundry.
D)answer his mail.
12
As concluded in "The Theory of Comparative Advantage," the theory of comparative advantage is useful only because dynamic facts are considered and it is not limited to static analysis.
A)True
B)False
13
As stated in "A Bretton Woods for Innovation," an example of a good innovation policy is the creation by the United States of:
A)the space shuttle.
B)new surgical techniques, such as laparoscopic surgery.
C)mortgage-backed securities.
D)the Internet.
14
As spelled out in "A Bretton Woods for Innovation," the International Monetary Fund, or IMF, has failed in its most important charge, which is to:
A)encourage member countries to eliminate trade restrictions.
B)curtail rampant currency manipulation.
C)protect intellectual-property rights.
D)ensure exchange-rate stability.
15
According to "A Bretton Woods for Innovation," for the World Trade Organization, or WTO, the only thing that matters is expanded trade flow.
A)True
B)False
16
According to "Globalization with a Human Face," President Barack Obama, after chiding the Congress for flirting with protectionism, went ahead and imposed a 35-percent tariff on:
A)discounted Indonesian apparel.
B)cheap Chinese tires.
C)limited-vintage French wine.
D)fine Russian caviar.
17
As mentioned in "Globalization with a Human Face," the all-out trade war that helped trigger the Great Depression occurred after the United States imposed the:
A)Prohibition laws.
B)Smoot-Hawley tariffs.
C)so-called Trustbuster measures.
D)Taft-Hartley Act.
18
As disclosed in "Globalization with a Human Face," in 2009, Congress killed a pilot program allowing Mexican trucks to transport goods across America.
A)True
B)False
19
As expressed in "The Global Debt Bomb," Carmen Reinhart, a University of Maryland economist, has found that, in terms of economic growth, a 90-percent ratio of government debt to GDP is a:
A)point of no return.
B)tipping point.
C)disgrace in any economy.
D)scenario not just for concern, but for panic.
20
As disclosed in "The Global Debt Bomb," a Forbes survey of sovereign credit, taking into account trends in spending and revenue, economic freedom, and the price of the debt insurance, ranks the United States number 35 in a class of 85, below all of the following, except:
A)Germany.
B)the Netherlands.
C)China.
D)the UK.
21
As suggested in "The Global Debt Bomb," even if countries do not stiff creditors outright, they can sometimes accomplish the same thing through inflation.
A)True
B)False
22
As asserted in "International Financial Regulation After the Crisis," to be effective, regulation of financial markets and institutions must be:
A)firmly based on Keynesian economic theory.
B)able to respond instantly to market changes.
C)backed by enforceable legal penalties for infractions.
D)coordinated across countries.
23
As reported in "International Financial Regulation After the Crisis," shortly before the subprime crisis, the International Monetary Fund and the World Bank approached the U.S. government to request an assessment of the U.S. financial sector and:
A)were accepted, but the review was never conducted.
B)found nothing of concern in their review.
C)were refused.
D)predicted the subprime crisis, although not its severity.
24
As noted in "International Financial Regulation After the Crisis," historically, the most prominent international institution concerned with regulatory reform has been the International Monetary Fund.
A)True
B)False
25
The author of "Solutions and Pitfalls" believes that the key issue for the global economies and the financial markets in 2012 was:
A)currency-exchange inequalities.
B)the state of the U.S. economy.
C)China's import-export imbalance.
D)the European debt problem.
26
As related in "Solutions and Pitfalls," Germany is staunchly opposed to the idea of issuing euro bonds or of intermediate financing from the European Central Bank, believing in both cases that such a move would:
A)lead to even more currency speculation.
B)create hyperinflation.
C)undermine pressure for reforms in troubled countries.
D)result in much of Europe, like the United States, being in debt to China.
27
As mentioned in "Solutions and Pitfalls," among those providing loans to Greece and Spain are the economically stronger countries of Germany and Ireland.
A)True
B)False
28
As given in "Why a Second Bretton Woods Won't Work," the author describes as "heroic" the work of smashing the technostructure and facilitating the productivity revolution of the early 1990s by:
A)Ronald Reagan and Margaret Thatcher.
B)Jean-Claude Trichet.
C)Michael Milken.
D)Donald Trump.
29
In "Why a Second Bretton Woods Won't Work," the author states that the 1970s were pretty awful because of:
A)failures of the "non-system" then in place.
B)failures of policy.
C)lack of adequate governmental regulations in many countries.
D)inequalities in exchange rates.
30
As mentioned in "Why a Second Bretton Woods Won't Work," the one country that derailed in the march to greater prosperity in the 1990s was Russia.
A)True
B)False
31
As noted in "The Balance of Payments: Office for National Statistics," the main factor behind the UK's persistent current account deficit has been the:
A)political uncertainty in Central Europe.
B)deficit on the balance of trade in goods.
C)inertia of the European Union.
D)diminishing returns in foreign investments.
32
As specified in "The Balance of Payments: Office for National Statistics," almost the entire jump in the UK IIP during 2008 can be accounted for by the depreciation of:
A)the U.S. dollar.
B)gold.
C)sterling.
D)the euro.
33
As assessed in "The Balance of Payments: Office for National Statistics," direct investment earnings are cyclical, and the current global recession appears to be putting downward pressure on income.
A)True
B)False
34
As quoted in "The Next 80 Years," Denny Beresford, a professor at the University of Georgia, identifies the lifeblood of any successful corporation as:
A)a unique product to offer.
B)a pool of talented professionals.
C)having enough cash.
D)the ability to adapt to global conditions.
35
As interviewed in "The Next 80 Years," Joe Howell of WebFilings compares the digitizing of financial information according to a universal standard to the digitizing of:
A)television signals on cable systems.
B)music by MP3 technology.
C)old films re-released on DVDs.
D)medical records within large medical complexes.
36
As pointed out by Tim Anglim, president and founder of YesCFO, in "The Next 80 Years," most current accounting grads initially work for a CPA firm.
A)True
B)False
37
As revealed in "Internationalizing Business," one robust stock exchange website that was closed during a recent revolution was that of:
A)Tunisia.
B)Syria.
C)Egypt.
D)Iraq.
38
According to "Internationalizing Business," the world's first multinational company was:
A)Lowenbrau Brewery.
B)the Dutch East India Company.
C)Royal Delft Porcelain.
D)Oxford University Press.
39
As mentioned in "Internationalizing Business," the Deutsche Borse features both financial and nonfinancial information on its website, including its art collection.
A)True
B)False
40
As set forth in "Engaging China: Strategies for the Small Internationalizing Firm," in a time marked by concerns of an overheating economy, increasing operational costs, dominance in important world markets, and widening income gaps within China, the Chinese economy:
A)continues to grow relentlessly.
B)has remained on a fairly steady keel.
C)is now barely sustainable.
D)has taken a merciless beating.
41
As noted in "Engaging China: Strategies for the Small Internationalizing Firm," by the end of 2004, the world's third-largest trading nation was:
A)the United States.
B)China.
C)Germany.
D)Japan.
42
As reported in "Engaging China: Strategies for the Small Internationalizing Firm," most of the firms and/or investments entering the Chinese market are relatively large.
A)True
B)False
43
As advised in "Preparing for Significant, Multi-Year Changes," the first step a company might take in considering the conversion to International Financial Reporting Standards, or IFRS, is:
A)developing an overall strategy.
B)prioritizing issues.
C)developing a detailed work plan.
D)developing an IFRS and convergence roadmap.
44
As reported in "Preparing for Significant, Multi-Year Changes," in May 2011, the SEC issued a staff paper that outlined:
A)ways to use GAAP instead of adopting IFRS.
B)points on which GAAP and IFRS differ.
C)ways for multinationals using IFRS to file SEC reports if also operating in the United States.
D)a possible method of incorporating IFRS into the U.S. financial-reporting system.
45
As noted in "Preparing for Significant, Multi-Year Changes," IFRS are currently permitted or required in only 14 nations and reporting jurisdictions across the globe, although the standard is expected to be adopted widely within the decade.
A)True
B)False
46
As pointed out in "The Case for Global Accounting," arguably the most important issue of the day, and one in which there has been no agreement on standards, is accounting for:
A)regulated utilities.
B)financial instruments.
C)commodities trading.
D)retirement accounts.
47
As reported in "The Case for Global Accounting," no entity currentlyprovides enforcement of the international standards represented by the International Financial Reporting Standards, or IFRS; Sir David Tweedie, the former chairman of the international board, says that he thinks such enforcement could be provided by the:
A)International Accounting Standards Board.
B)Financial Accounting Standards Board.
C)European Commission.
D)SEC.
48
According to "The Case for Global Accounting," 20 years ago, the U.S. GAAP system was a de facto international accounting standard.
A)True
B)False
49
As stated in "The Work Left Undone: Perspectives on Small Business Opportunities in International Trade," the moniker given to the recent period of economic turmoil is the:
A)Great Depression II.
B)Great Recession.
C)Return to Hooverville.
D)Bush Breakdown.
50
As observed in "The Work Left Undone: Perspectives on Small Business Opportunities in International Trade," in terms of economic recovery, the United States continues to plod forward, regaining ground at a modest pace, but it has slipped along the way due to:
A)the negative growth of foreign markets.
B)a still-elusive consumer confidence.
C)staggering debt.
D)erratic interest rates.
51
As pointed out in "The Work Left Undone: Perspectives on Small Business Opportunities in International Trade," during the 1980-82 recession, the NFlB's optimism index fell below 90 only once.
A)True
B)False
52
As revealed in "Going Global," China's overseas direct investment is concentrated mainly in:
A)the United States.
B)Africa.
C)other Asian countries.
D)South America.
53
As noted in "Going Global," the cost basis for almost all production is:
A)labor.
B)transportation.
C)raw materials.
D)oil.
54
As explained in "Going Global," the world economy cannot grow if oil prices soar.
A)True
B)False
55
As profiled in "NanoTech Firm Takes Passage to India," a Nanobiosym technology that has potential use in homeland security, by detecting pathogens in food, water, and the air, for example, is called:
A)Detect-a-GENE.
B)Gene-RADAR.
C)Biosense-METER.
D)Geneto-SCAN.
56
As noted in "NanoTech Firm Takes Passage to India," the parents of physicist-physician Anita Goel, founder and CEO of Nanobiosym, emigrated, before Goel was born, to the United States from:
A)Ukraine.
B)India.
C)Pakistan.
D)Israel.
57
As observed in "NanoTech Firm Takes Passage to India," India's long-skeptical attitude toward overseas corporations has begun to mellow in recent years.
A)True
B)False
58
The author of "Increasing Your Share of a Culturally Diverse Audience" asserts that diversity is not about race, it is about:
A)fairness.
B)all underserved populations.
C)doing business better.
D)complying with the laws regarding hiring practices.
59
According to "Increasing Your Share of a Culturally Diverse Audience," the World Bank estimates that two-thirds of the growth of the global middle class will come from:
A)China and India.
B)countries in the European Union.
C)South Korea, Thailand, and the Philippines.
D)Brazil, Peru, and Mexico.
60
In the opinion of the author of "Increasing Your Share of a Culturally Diverse Audience," the future of economic viability and sustainability is diversity.
A)True
B)False
61
As noted in "General Mills' Global Sweet Spot", in the United States Häagen-Dazs is controlled by:
A)Unilever.
B)Nestle.
C)Pillsbury.
D)General Electric.
62
As stated in "General Mills' Global Sweet Spot", Häagen-Dazs shops are important to General Mills because they:
A)represent the physical embodiment of the brand.
B)generate 80 percent of the brand's revenue.
C)are often combined with convenience stores.
D)bring the product to areas where the product is not otherwise sold.
63
As brought out in "General Mills' Global Sweet Spot", Häagen-Dazs ice cream was created in 1981 by Pillsbury.
A)True
B)False
64
As discussed in "Expanding Opportunity at the Base of the Pyramid," the first social business in the Arab world—and an example of how two very different organizations (a Western nonprofit and a for-profit, privately held Saudi company) can come together for a common social good—is:
A)Mighty Light.
B)Yunus.
C)Grameen-Jameel.
D)Qualcomm.
65
As mentioned in "Expanding Opportunity at the Base of the Pyramid," Cosmos Ignite Innovations developed a product designed to meet the need of the poor for access to:
A)healthcare.
B)lighting.
C)transportation.
D)telecommunications.
66
As noted in "Expanding Opportunity at the Base of the Pyramid," in India, 70 percent of the country's population resides in villages, but 70 percent of the nation's doctors live in cities.
A)True
B)False
67
According to "Hailun Piano and the Quest for Quality," all workers at the Hailun Piano factory in Ningbo, China, are trained for at least one year, and the training is four years for those involved in:
A)lathework and finishing.
B)tuning and voicing.
C)human resources.
D)sales and marketing.
68
As identified in "Hailun Piano and the Quest for Quality," Peter Veletzky, at the age of 22, became:
A)Switzerland's top salesman of musical instruments.
B)Austria's youngest master piano builder.
C)Poland's most celebrated designer of concert pianos.
D)the first CEO of Hailun's European division.
69
As stated in "Hailun Piano and the Quest for Quality," there is no global consensus on what a piano ought to sound like.
A)True
B)False
70
As disclosed in "Distant Dilemmas," in 2004, for alleged violations of the FCPA, four China-based executives were fired from their positions at:
A)Ernst & Young.
B)Alcatel.
C)Enron.
D)Lucent Technologies.
71
As cited in "Distant Dilemmas," of 2,246 survey respondents in major European countries, 25 percent thought it fine to give a cash bribe to win work, and by country, that figure rose as high as 38 percent in Spain, 43 percent in the Czech Republic, and 53 percent in:
A)Turkey.
B)Germany.
C)France.
D)Belarus.
72
As suggested in "Distant Dilemmas," although it should be clear to expatriates that bribery and other corrupt practices are unacceptable under all circumstances, it should not have to fall to HR to have to "hammer that message home."
A)True
B)False
73
As presented in "The Impact of Globalization on Income and Employment," between 1990 and 2008 most of the 27 million jobs created in the United States were:
A)mainly in the manufacturing sector.
B)eventually outsourced to foreign countries.
C)in the non-tradable sector of the economy.
D)in the service industry.
74
As noted in "The Impact of Globalization on Income and Employment," value added represents:
A)income in the form of wages for workers, return on investment for investors, and tax revenue for governments.
B)the cost of doing business.
C)the cost of labor and raw materials for a company or industry.
D)taxable income for workers.
75
As cited in "The Impact of Globalization on Income and Employment," the employment structure of the U.S. economy has been shifting away from the non-tradable sector.
A)True
B)False
76
As shown in "Learn the Landscape," benefits packages offered by a company may vary at different locations due to:
A)local standards of living.
B)local government-provided benefits.
C)deals made between the company and the host government.
D)differences in income-tax structure.
77
As noted in "Learn the Landscape," HR professionals should determine what kinds of benefits to offer by:
A)following standard international practices.
B)importing standard U.S. practices.
C)maintaining compliance with global benefits regulations.
D)maintaining compliance with local regulations and examining the packages offered by other established companies.
78
As explained in "Learn the Landscape," most companies employing workers in foreign countries can simply offer the benefits package provided at their U.S. locations since benefits in the United States are often superior to those offered elsewhere.
A)True
B)False
79
As stated in "Explaining High Oil Prices," one reason for high domestic oil prices is:
A)the refusal of the United States to purchase foreign oil.
B)the growth of U.S. demand.
C)the fear that global supplies will be disrupted due to political problems with Iran.
D)pessimism over the never-ending European debt crisis.
80
As pointed out in "Explaining High Oil Prices," oil prices will likely continue to rise due to:
A)demand in energy-intensive emerging markets.
B)demand in first-world countries such as the United States.
C)the resolution of the European debt crisis.
D)an increase in supply from countries like Iran.
81
As cited in "Explaining High Oil Prices," the price for domestic crude oil is at its lowest point since the 1990s.
A)True
B)False
82
As presented in "Keynote Panel Session 1: Whose Income Is It? How Business is Caught in the Global Competition and Controversy for Tax Revenues," the primary reason why there is so much investment outside of the United States is that the United States:
A)no longer has a competitive business advantage in the global marketplace.
B)contains only five percent of the world's population.
C)has fallen significantly when ranked with other countries by GDP.
D)has been affected more drastically by the global economic crisis than have other developed nations.
83
As described in "Keynote Panel Session 1: Whose Income Is It? How Business is Caught in the Global Competition and Controversy for Tax Revenues," the "seismic change" that is occurring for today's corporations is the necessity to:
A)compete globally.
B)perform on a portfolio basis.
C)perform in the majority of their markets.
D)compete domestically.
84
As noted in "Keynote Panel Session 1: Whose Income Is It? How Business is Caught in the Global Competition and Controversy for Tax Revenues," the question of "who gets to tax it today" focuses on operational issues, while the question of "who gets to tax it tomorrow" focuses on policy issues.
A)True
B)False
85
As mentioned in "Building the Supply Chain of the Future," as an example of efficient distribution, Nestle is experimenting with:
A)splintering its supply chain operations.
B)introducing products to emerging markets via the Internet.
C)building modern hypermarkets in developing countries.
D)selling products on supermarket barges along the Amazon River.
86
As described in "Building the Supply Chain of the Future," a major U.S. company recently splintered its supply chain, and this move resulted in a:
A)lower cost of goods sold by about 15 percent.
B)higher value added.
C)lower value added.
D)lower quality of products.
87
As related in "Building the Supply Chain of the Future," managing one's supply chain well is necessary for success.
A)True
B)False
88
As described in "Foreign Aid, Capitalist Style," the Millennium Challenge Corp. is:
A)a multinational foreign-aid program devoted to agricultural projects.
B)the largest single donor to Ghana's fledgling agricultural industry.
C)a U.S. foreign-aid program that supports projects in developing countries.
D)the new for-profit aid organization that supports agricultural projects in developing countries.
89
As reported in "Foreign Aid, Capitalist Style," unlike other aid organizations, the Millennium Challenge Corp. will only support:
A)democratic countries in the Western Hemisphere.
B)agricultural projects in democratic countries.
C)democratic countries with a commitment to economic freedom.
D)schools and hospitals in democratic countries.
90
As noted in "Foreign Aid, Capitalist Style," U.S. taxpayers now provide about $34 billion a year in economic aid to developing countries.
A)True
B)False
91
As noted in "Emerging Challenges," economic growth in emerging markets now accounts for:
A)about half of the total growth in global output.
B)as much growth in global output as first-world countries.
C)about two-thirds of the total growth in global output.
D)as much growth in global output as it did in the 1960s.
92
As suggested in "Emerging Challenges," emerging markets should pay particular attention to their service sector because:
A)it creates employment at a sustainable pace.
B)that is where the most jobs are expected to be created.
C)closing that sector to competition will benefit the economy.
D)services will be in higher demand as these economies grow.
93
As mentioned in "Emerging Challenges," emerging and developing economies account for almost half of global GDP and hold about the same amount of world financial assets.
A)True
B)False
94
As profiled in "How Civil Society Can Help: Sweatshop Workers as Globalization's Consequence," in Prato, Italy, sweatshops:
A)have been outlawed.
B)produce more than a third of the textile and garment industries' goods.
C)are a minor problem, accounting for only about 10 percent of all goods produced.
D)employ a majority of the area's population.
95
As mentioned in "How Civil Society Can Help: Sweatshop Workers as Globalization's Consequence," one myth maintains that global brands will strictly monitor their supply chains because if they do not:
A)they will be subject to criminal sanctions in most countries.
B)an international regulating committee will take over monitoring duties.
C)they will not be allowed to sell their goods on the U.S. market.
D)conscientious consumers will punish the company for unethical practices at the retail level.
96
As detailed in "How Civil Society Can Help: Sweatshop Workers as Globalization's Consequence," a focus on child labor in the early 1990s distracted from the problem of low adult wages.
A)True
B)False
97
As reported in "Map Room: Global Graft," a recent report by Transparency International indicated that the least corrupt nation is:
A)the United States.
B)New Zealand.
C)Somalia.
D)Bolivia.
98
As discussed in "Map Room: Global Graft," Iran's rank on the Corruption Perceptions Index has fallen greatly due to:
A)cronyism.
B)political conflicts with the West.
C)unfair labor practices.
D)a bribery scandal.
99
As detailed in "Map Room: Global Graft," the Corruption Perceptions Index ranks countries on a scale from 0 to 10; only 49 nations scored 5 or above.
A)True
B)False
100
As quoted in "Deadly Business in Moscow," U.S. attorney Jamison Firestone says that the single biggest risk to business in Russia is the:
A)complicated tax structure.
B)corrupt law-enforcement system.
C)power of foreign investment firms.
D)competition from Russian businesses.
101
As explained in "Deadly Business in Moscow," Hermitage Capital Management's Moscow headquarters was raided by Russian police because its founder had:
A)forged signatures in order to get government tax rebates.
B)complained to government officials about the Russian Interior Ministry.
C)become a vocal critic of aspects of the Russian government.
D)stolen money from Russian clients of his firm.
102
As noted in "Deadly Business in Moscow," Russian government officials sometimes work in tandem with Russian businesses to target foreign businesses.
A)True
B)False
103
As claimed in "Current Mission Statement Emphasis: Be Ethical and Go Global," a review in 2000 of mission statements from the Fortune 100 showed very little emphasis on:
A)customers.
B)employees.
C)core values.
D)ethics.
104
As characterized in "Current Mission Statement Emphasis: Be Ethical and Go Global," Fred David believes it is indicative of irresponsible management to:
A)ignore ethics in one's mission statement.
B)develop one's mission statement only when the company is in trouble.
C)copy one's mission statement from another corporation.
D)mention only loyalty to stockholders in one's mission statement.
105
As noted in "Current Mission Statement Emphasis: Be Ethical and Go Global," it is not necessary for non-profit organizations to develop a mission statement.
A)True
B)False
106
As mentioned in "Corporate Social Responsibility: Pros and Cons," corporate social responsibility is viewed differently in various countries; the European model:
A)focuses on an organization's responsibility to its shareholders.
B)focuses on operating in a socially responsible way complemented by investing in communities.
C)is about business giving back to society.
D)follows a philanthropic model.
107
As given in "Corporate Social Responsibility: Pros and Cons," the concept of corporate social responsibility was introduced:
A)in the late 1990s.
B)about 50 years ago.
C)with the Sarbanes-Oxley Act.
D)around the turn of the last century.
108
As profiled in "Corporate Social Responsibility: Pros and Cons," corporate social responsibility programs can aid a company in recruitment and retention of employees.
A)True
B)False
109
According to "The New Population Bomb: The Four Megatrends That Will Change the World," twenty-first-century international security will depend on:
A)how many people inhabit the world.
B)whether or not the world will be able to produce enough food for its populations.
C)how the world's population is composed and distributed.
D)the ability of global income to increase more than global population.
110
As noted in "The New Population Bomb: The Four Megatrends That Will Change the World," the extreme population growth in Europe reversed after World War I because:
A)the Industrial Revolution encouraged Europeans to take their skills to poorer countries.
B)a high percentage of young men of reproductive age died in the war.
C)many Europeans were lured to North America with the promise of better conditions.
D)basic healthcare and sanitation began to spread to poorer countries, increasing life expectancy there.
111
As claimed in "The New Population Bomb: The Four Megatrends That Will Change the World," over the next four decades, the vast majority of the world's GDP growth will occur in Europe and North America.
A)True
B)False
112
As presented in "The Man Who Named the Future," Goldman Sachs economist Jim O'Neill predicted that, within the next few decades, the countries he calls the Brics would:
A)help turn Goldman Sachs into a profit-making machine.
B)implode under the weight of the global economic crisis.
C)become world superpowers.
D)overtake the largest Western economies in scale.
113
According to "The Man Who Named the Future," the terrorist attacks of September 11, 2001, signaled the need to:
A)Americanize globalization by exerting U.S. influence and control in non-Western countries.
B)recognize the positive influence and impact of non-Western countries on the world.
C)examine how non-Western economies could wield more power in the future.
D)dismiss non-Western countries as irrelevant and uncooperative.
114
As noted in "The Man Who Named the Future," with the Brics concept, O'Neill has both predicted and created global economic change.
A)True
B)False
115
As stated in "The Future of History: Can Liberal Democracy Survive the Decline of the Middle Class?", the main reason for a lack of left-wing mobilization after the global financial crisis is:
A)the Left's general satisfaction with the status quo.
B)the decline of the Left's ranks after the 2008 election.
C)an absence of left-wing economic thinkers.
D)an absence of plausible progressive ideas about economic issues.
116
As given in "The Future of History: Can Liberal Democracy Survive the Decline of the Middle Class?", it has been long thought that stable democracy rests on:
A)a broad middle class.
B)a top-down government.
C)oligarchic domination.
D)populist revolution.
117
As noted in "The Future of History: Can Liberal Democracy Survive the Decline of the Middle Class?", almost all the powerful ideas that shaped human societies up until the past 300 years were religious in nature, with the important exception of monarchism in Great Britain.
A)True
B)False
118
As noted in "The Crisis You Don't Know," compared to Europe, per capita GDP in the United States is:
A)nearly 50 percent higher.
B)about 80 percent lower.
C)almost 50 percent lower.
D)about the same.
119
As discussed in "The Crisis You Don't Know," Europe's second economic crisis involves:
A)the fallout from excessive outsourcing of jobs.
B)an inability to be flexible enough to compete in the global economy.
C)currency devaluation.
D)the disappearance of the formerly robust middle class.
120
As related in "The Crisis You Don't Know," Western Europe played a relatively large role in the computer and Internet revolutions.
A)True
B)False
121
As claimed in "Finding a Job in the 21st Century," over the next few decades, there will be an increasing need for workers who are:
A)willing to work for minimum wage.
B)well trained and flexible.
C)skilled in manufacturing.
D)well-versed in computer operations.
122
As explained in "Finding a Job in the 21st Century," U.S. corporate expansion into other countries, such as India and China, will:
A)put most U.S. workers out of work.
B)reduce wages for U.S. workers.
C)hurt workers in those foreign countries who are forced to take a lower wage in order to work.
D)increase foreign consumer demand for U.S. goods, thus creating jobs in the United States.
123
As noted in "Finding a Job in the 21st Century," U.S. workers are attractive to foreign companies because they are highly skilled and diverse.
A)True
B)False





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