Sep-2026 New Version Global-Economics-for-Managers Certificate & Helpful Exam Dumps is Online [Q61-Q84]

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Sep-2026 New Version Global-Economics-for-Managers Certificate & Helpful Exam Dumps is Online

Global-Economics-for-Managers Free Certification Exam Material with 136 Q&As

QUESTION 61
When is it best for a firm to restart production?

When total revenue is less than total cost

When marginal cost is greater than marginal revenue

When total variable costs are less than total revenue after a short-term stop

When total cost is greater than total revenue

QUESTION 62
When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?

The demand curve shifts left.

The demand curve shifts right.

The demand curve shifts up.

The demand curve shifts down.

QUESTION 63
In which mode of entry do companies build new factories and offices from scratch?

Co-marketing operations

Direct exports

Joint ventures

Greenfield operations

QUESTION 64
What is a key feature of an oligopoly?

Firms are price takers.

The market represents a prisoner’s dilemma.

Entry is free in the long run.

Products are always homogeneous.

QUESTION 65
The benefit attributed to firms that enter a market before other firms in the same market segment is best described by which term?

Late-mover advantage

Competitive neutrality

First-mover advantage

Economies of scope

QUESTION 66
When is it best for a firm to decrease production?

When marginal cost is greater than marginal revenue.

When total revenue is greater than total cost.

When the average variable cost is less than the price of a unit after a short-term stop.

When the price of a unit covers the average variable cost after a short-term stop.

QUESTION 67
Which characteristics are attributed to a democracy? (Choose THREE.)

It prizes freedom of expression and organization.

It concentrates power in a single ruling party.

It extends the right to organize economically to domestic and foreign firms.

It contains political risk that is lower than in other political systems.

It prohibits private ownership.

QUESTION 68
Barriers to entry help to create monopolies. What is a common type of barrier?

A firm purchasing competitors

Elastic demand curves

Progressive tax structures

Economies of scale in the production process

QUESTION 69
What happens when the Federal Reserve increases the money supply?

The aggregate demand curve shifts to the left

The aggregate supply curve shifts to the right

The aggregate demand curve shifts to the right

The aggregate supply curve shifts to the left

QUESTION 70
What are examples of equity modes of entry? (Choose THREE.)

Strategic alliances

Greenfield investments

Acquisitions

Licensing

Franchising

QUESTION 71
When demand decreases and supply stays the same, what happens to the equilibrium point of price and quantity? (Choose TWO.)

Quantity increases

Quantity decreases

Price increases

Price decreases

QUESTION 72
What measures how the quantity demanded of one good responds to a change in the price of another good?

Cross-price elasticity of demand

Quantity elasticity of demand

Price elasticity of demand

Equilibrium elasticity of demand

QUESTION 73
Managers and firms rationally pursue their interests and make choices within institutional constraints. This is one of the two core propositions underpinning an institution-based view of global business. Which situation illustrates this proposition?

Two failing banks are pursuing the option of being acquired by another institution. One bank is able to leverage political relationships to result in a successful acquisition. The other bank pursues no such political solution and eventually files for bankruptcy.

Several businesses relocate overseas because of a new domestic tax policy that will increase their tax liability by 15%.

When a company opens a new production facility, company leaders find out that the laws of that country may allow it to skip several important safety steps. In doing so, the cost of production goes down, but there is a risk to the surrounding environment. The leaders decide not to skip these safety steps out of a deep concern and commitment to environmental protection.

Government corruption is rampant in a particular country, leading to a high cost of doing business.However, some smaller companies have figured out how to legally evade the most fraudulent abuses, and for them the cost of doing business becomes much cheaper. For this reason, the companies stay and have a lucrative decade.

QUESTION 74
Which changes increase demand? (Choose TWO.)

An increase in the price of a substitute

A decrease in the price of a complement

A decrease in consumer income for a normal good

An increase in the price of the good itself

QUESTION 75
Which scenario demonstrates a monopoly created by a resource?

A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.

A software company copyrights the code for new software.

An author copyrights a new book.

A new rare jewel is found, and only one mine in the world has it.

QUESTION 76
What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)

A single firm owning a key resource

Economies of scale in the production process

Perfect information

Elastic demand

Free entry and exit

QUESTION 77
What are represented by formal institutions?

Social norms

Cultural beliefs

Laws

Traditions

QUESTION 78
What is true about gross domestic product (GDP)?

It is thought to be the single best measure of a society’s economic well-being.

Its year-to-year percentage change represents the inflation rate.

It places heavier weight on intangible services than tangible goods.

It includes the income of citizens working abroad.

QUESTION 79
What are weaknesses of the theory of mercantilism? (Choose TWO.)

The theory leads to inefficient allocation of resources.

Application of the theory reduces national wealth in the long run.

The theory emphasizes comparative advantage.

The theory promotes free trade.

The theory encourages specialization and productivity growth.

QUESTION 80
What is a tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business?

Factor endowment

Deadweight cost

Antidumping duty

Opportunity cost

QUESTION 81
If the demand for a good is elastic, what is true?

The quantity demanded responds substantially to changes in the price.

Total revenue increases with a change in price in either direction.

Price and total revenue move in the same direction.

The quantity demanded responds only slightly to changes in the price.

QUESTION 82
Which company has a natural resource-seeking strategic goal?

A company searching for a location where labor costs are low

A company searching for a location with a large consumer market

A company searching for a location where there is an abundance of oil

A company searching for a location with advanced technology clusters

QUESTION 83
What is true about tariffs?

They increase the quantity of imports.

They increase the domestic quantity demanded.

They encourage consumers to reduce their consumption.

They lower the price of affected imported goods below the world price.

QUESTION 84
Which statement characterizes an institution-based view of global business?

Firm behaviors are the outcome of interactions between institutions and firms.

Government regulations are the primary driver of institutional change.

Institutions, not firms, are the sole factor in explaining individual behavior.

Financial motivations are excluded from consideration in explaining the interactions between institutions and firms.

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