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Developing nations have lower labour costs that Canadian businesses cannot match.

The G8 and the WTO negotiate and settle trade disputes.

What positive effects does international business have for Canadians?

Housing starts are a leading indicator that the economy is improving, before employment rates rise.

Globalization is the process of nations and corporations merging into one common culture and marketplace.

Globalization always lowers wages and exports jobs in developed countries.

Canada has an absolute advantage over Sri Lanka, India, and Kenya in producing bulk black tea.

The more value we can add to products in Canada, the more jobs are created here.

Japan, Germany, and Australia fit into which category?

In Canada it is acceptable for young people to quit school to enter the labour market at 12 years of age.

Factors that affect the exchange rate of a particular currency include:

Within the past 30 years, China has emerged as a major economic force.

Canada imports oil for use in its eastern provinces.

The degree of cultural awareness that a company must have when establishing foreign business relationships depends on:

Foreign trade or international trade means the same thing as international business.

Immigrant communities within Canada that maintain parts of their own culture, including food, language, &religion are:

In which of the following situations is knowledge of the culture of the foreign country involved least necessary?

The Free Trade Area of the Americas is the world's largest trading zone.

What is a feature of cultures that have a high score in the uncertainty avoidance (UAI) dimension?

The Ivory Coast in Africa is the primary source of which product? (40% of this product comes from the coastal country.)

The multidomestic strategy to globalization is best described as a strategy that:

Whether a transaction is domestic or international depends upon the businesses involved, not the product.

Canada has a strong manufacturing industry sector, but a weak primary sector.

Which one of Geert Hofstede's cultural dimensions is related to the way cultures adapt to change?

The more operations you have in foreign markets, the greater the need for cultural knowledge.

Ontario does not use oil produced in Alberta because it is too expensive to build an east-west pipeline across Canada.

Which of the following does NOT fit the definition of a transaction?

When speaking to another person, Canadians like to maintain a distance of at least half a metre.

When the Canadian dollar is low import costs are less, so prices drop on consumer goods.

Canada has a centrally planned economy.

In a democracy, each citizen is entitled to an education.

The positive results of globalization include:

More than 40% of Canada's gross domestic product (GDP) is exported.

It is more expensive to export e-waste to China and Africa than to dispose of it domestically.

Canadian businesses account for 20% of all global trade

At which stage of the business cycle does the economy stop expanding and begin contracting:

Canada, Sweden, and Singapore have a low UAI level, therefore:

Culture is transmitted from one generation to the next through education and example.

A business is considered an international business if which of the following is true?

The stage of the business cycle that is defined as two consecutive quarters of negative gross domestic product (GDP) is:

Globalization is not important to small Canadian businesses.

Which of the following is a characteristic of a mixed economy?

In North America, eye contact is seen as disrespectful &inappropriate & looking down is interpreted as a sign of respect

Most of the lemons sold in Canada come from Morocco.

What dictates the price at which the Canadian dollar is sold?

Tim Hortons is a domestic business because the company is a symbol of Canada.

The segment of industry that produces both capital and consumer goods is referred to as:

With a tariff, the increase in revenue is kept by the local and foreign producers.

Developed countries tend to be characterized by long-term political issues, such as war and corruption.

A high Canadian dollar has a positive effect on which of the following?

When the Canadian dollar is high, foreign countries buy fewer of our exports.

NAFTA has common financial, security and foreign policies.

The Boston Pizza restaurant chain expanded into Canada from Boston, Massachusetts.

In Saudi Arabia, women are not permitted to work alongside men (except in hospitals).

The European Union has common financial, security and foreign policies.

Which of the following is NOT true of a market economy?

Canadian company handles all foreign dealings domestically,the level of cultural awareness does not need to be very high

Once established, democracies are easy to maintain, so many people do not vote.

There are no true market economies in the world because every country has some government intervention.

In a market economy profit is the reward for the risks taken.

It is not necessary for every Canadian business operating globally to have the same degree of cultural awareness.

Which of the following is NOT one of Geert Hofstede's cultural dimensions?

Since NAFTA’s inception, trade has tripled between Canada, Mexico and the United States.

When the Canadian dollar is high,

Any business that conducts financial transactions outside of its native country is an international business.

Saudi Arabian culture is primarily shaped by:

Canada is the world's third-largest diamond producer, supplying 15% of all diamonds.

The total goods and services produced by one country in one year is referred to

Which of the following are the effects on health due to globalization?

Domestic transactions are those that take place between two Canadian companies.

The most common type of trade barrier is a trade sanction.