Question

International business

L TRUE FALSE: GENERAL (30 Points; 2 point/answer) 15 Questions I. The majority of focal firms are privately-owned multinational enterprises. TRUE FALSE 2. In 1960, the United States accounted for almost half (48%) of overall world GDP. In 2014, that share has shrunk to just under of world GDP at 23%. TRUE FALSE 3. US GDP growth in absolute terms has increased by over 31 times in the 53 years from US$529 million in 1960 to US$ 17.53 trillion in 2014. TRUE FALSE Born global firms emerge quickly in the international marketplace, and as a result though successful in the short-run, they do not generally enjoy long-term success. TRUE 4. FALSE SME's, though significant in global trade, collectively represent less than 25% of all firms in most developed economies due to the increasing importance of large MNE's. TRUE 5, FALSE Larger, developed economies account for the greatest proportion of services. TRUE 6. FALSE 7. Overall nominal GDP makes the US look better than GDP per capita because of a growing population but not necessarily reflective of standard of living. TRUE FALSE 8. The United States leads the world in both nominal GDP and GDP per capita. TRUE FALSE 9. Globalization is a new phenomenon. In fact, globalization of markets really only began after World War II, taking full form only in the late 1980's. TRUE FALSE

Answer 1

1.

False

These firms are global and spread over the supply chain going through the different nations.

2.

True

It is the international business and globalization that has spread the benefits and other nations have heavily in world GDP.

3.

True

US GDP grew by these measures.

4.

False

Born global firms are driven by innovation that will also make them successful in the long term as well.

6.

False

For example, China is the one of the largest economies, driven by the manufacturing sectors.

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