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Exam 1: Globalization

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Question 31

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The World Trade Organization promotes _____.

A) lowering of barriers to cross-border trade and investment
B) infrastructural development in poor nations through low-interest loans
C) state ownership of major enterprises
D) regulation of national economies

E) A) and B)
F) A) and C)

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Question 32

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Discuss the demographics of world trade since the 1960s.How has the role of the U.S.changed? How is world trade expected to change in the future?

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In the early1960s,the U.S.was the world'...

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Question 33

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Efficiency gains associated with containerization have caused transportation costs to fall dramatically.

One of the UN's central mandates is the promotion of higher standards of living,full employment,and conditions of economic and social progress and development.

The globalization of the world economy has resulted in a relative increase in the dominance of U.S.firms in the global marketplace.

A firm does not have to become a multinational enterprise to engage in international business.

Current trends indicate the world is moving toward an economic system that is more favorable for international business.

How has the foreign direct investment picture changed since the 1960s?

The G20tx was originally established to _____.

Which of the following is a consequence of globalization?

Which of the following has enabled globalization of markets?

Since the collapse of communism at the end of the 1980s,the erstwhile communist nations have transformed their economies by globalizing their markets.This involves _____.

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies.Discuss this statement.Do you agree? Why or why not?

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces.

In the last two decades,Latin American countries like Brazil,Mexico,and Chile have _____.

According to supporters of free trade,as countries get richer they commit greater violation of environmental and labor regulations.

Since the 1960s,which of the following has been a notable trend in the demographics of the multinational enterprise?

Innovations in transportation have had a major impact on global trade.Consider one of these innovations: containerization.Why is this innovation so significant?

Globalization critics argue that the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.

Why managing an international business is different from managing a purely domestic business?