Which of the following is true of HIPCs?
About 100 nations fall in this category
B. The average debt burden has never been more than 75% of the value of the HIPC's economy
C. Servicing heavy debt leaves HIPCs with little left to invest in public infrastructure
D. The annual costs of serving debt consumes about 30% of HIPC export earnings
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Which of the following is true of the supporters of debt relief for HIPCs?
A. They argue that free trade alone is sufficient to bring HIPCs out of poverty
B. They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors.
C. They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks
D. They are working against the policies of the IMF and World Bank
An international business, unlike a multinational enterprise:
A. needs to have manufacturing units in at least two foreign nations
B. needs to manufacture products or provide services that target a global market
C. need not customize its products to the requirements of national markets
D. need not invest directly in operations in other countries
What is the main reason that managing an international business differs from managing a domestic business?
A. International managers are more experienced
B. Countries differ in their cultures and systems
Countries want to do business with their neighbors
D. Countries want to keep their transactions simple.
Critics of globalization argue that if proponents of globalization were correct about the supposed benefits associated with free trade and investment, then which of the following would have happened?
A. The average GNI per person between the richest and poorest nations would have shrunk
B. The debt burdens of the poorest nations would have increased
C. Tougher environmental and labor laws would have been implemented in less-developed countries
D. Factories based in Mexico would not be cleaner
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