INTB 200 EXAM 1 EXAM NEWEST 2025 ACTUAL

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INTB 200 EXAM 1 EXAM NEWEST 2025 ACTUAL

EXAM COMPLETE 100 QUESTIONS AND

CORRECT DETAILED ANSWERS (VERIFIED

ANSWERS) |ALREADY GRADED A+||BRAND

NEW!!

Question 1: Which of these companies is taking advantage of

the globalization of production?

• Seamless Fabrics, an American textile manufacturer, buys

fabric from France and exports it to India for garment production.

• Tylor Group, a U.S.-based fashion designer, is planning to

open a flagship store in China to serve the Asian market.

• Miss T. Waters, a U.K. facial products company, serves

customers worldwide through its local franchises.

• Golden Pony Inc. uses sales personnel from the respective

host country to sell its products and services.

• Lotza Pie, an Italian pizza chain, customizes its pizzas and

pastas to suit the tastes of its American and Australian customers.

CORRECT ANSWER : A) Seamless Fabrics, an American

textile manufacturer, buys fabric from France and exports it to India for garment production.

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Question 2: Which global institution do nation-states whose

economies are in turmoil turn to as the lender of last resort?

• World Trade Organization
• World Bank
• Peace Corps
• International Monetary Fund
• United Nations

CORRECT ANSWER : D) International Monetary Fund

Question 3: Which scenario best demonstrates foreign direct

investment?

• Lux Linens, a fabric conglomerate in the United States,

imports raw silk from China and Italy.

• Domesticity, a U.S.-based office furniture company, has set

up its own assembly plant in Japan to cater to the needs of the Asian market.

• Super Blooms, a reputable vegetable plant company in

Holland, exports tomato, pepper, and potato garden plants across the globe.

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• Salia started a Polish restaurant in her home country, the

United States, after she took cooking lessons from a well-known chef in Poland.

• Ups n Downs Inc., a Chinese firm, supplies roller coaster

components in the United States.

CORRECT ANSWER : B) Domesticity, a U.S.-based office

furniture company, has set up its own assembly plant in Japan to cater to the needs of the Asian market.

Question 4: The main goal of GATT (General Agreement on

Tariffs and Trade) was to

• limit foreign competition.
• make loans to struggling nations.
• increase domestic competition.
• privatize state-owned organizations.
• reduce trade barriers.

CORRECT ANSWER : E) reduce trade barriers.

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Question 5: What is implied by the fact that in today's

marketplace, the volume of world trade has been growing faster than world GDP?

• More companies are relying on domestic firms to obtain

parts of their production process.

• The economies of the world's nation-states are becoming

more intertwined.

• Fewer companies are dispersing parts of their production

process to locations around the globe.

• The world has experienced a loss of overall wealth in the last

two decades.

• More countries are imposing trade barriers to minimize

competition

CORRECT ANSWER : B) The economies of the world's nation-

states are becoming more intertwined.

Question 6: What country has seen a relative decline in its share

of world output between 1960 and 2018?

• United States
• Brazil
• Thailand