Some say that the only way for highly indebted poorer countries to get out of poverty is to implement _____.
Answer: free trade
Some say that the only way for highly indebted poorer countries to get out of poverty is to implement _____.
Showing posts with label Globalization. Show all posts
Showing posts with label Globalization. Show all posts
One concern voiced by critics of globalization is that
One concern voiced by critics of globalization is that
Answer: an interdependent global economy shifts economic power away from national governments and toward organizations such as the United Nations.
A(n) ______ is any entity that conducts business in at least two countries.
A(n) ______ is any entity that conducts business in at least two countries.
Answer: multinational enterprise
What are three things that result from the fact that the volume of world trade has been growing faster than world GDP?
What are three things that result from the fact that the volume of world trade has been growing faster than world GDP?
Answer:
world has become significantly wealthier
more firms are dispersing parts of their production process around the globe
economies of nation-states are becoming more intertwined
Global markets for industrial goods such as oil and wheat are more typical than those for consumer products because _____.
Global markets for industrial goods such as oil and wheat are more typical than those for consumer products because _____.
Answer: industrial goods serve universal needs
Among developing nations, ______ has been the largest recipient of foreign direct investment.
Among developing nations, ______ has been the largest recipient of foreign direct investment.
Answer: China
Foreign direct investment occurs when a(n)
Foreign direct investment occurs when a(n)
Answer: investment is made by a company based in one country into a company or entity based in another country.
Studies exploring the share of labor in national income over the last two decades show that the share of national income accounted for by skilled labor has
Studies exploring the share of labor in national income over the last two decades show that the share of national income accounted for by skilled labor has
Answer: increased
At some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. A study by Grossman and Krueger found this generally occurred before per capita income levels reached
At some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. A study by Grossman and Krueger found this generally occurred before per capita income levels reached
Answer: $8,000.
According to the supporters of globalization, falling barriers to international investment
According to the supporters of globalization, falling barriers to international investment
Answer: help to create employment opportunities in countries that participate in the global trading system.
One reason why a global market does not fully exist is _____.
One reason why a global market does not fully exist is _____.
Answer: differences in legal regulations among national markets
Current trends indicate that, due to the emerging economies, the world is moving _____ an economic system that is more favorable for international business.
Current trends indicate that, due to the emerging economies, the world is moving _____ an economic system that is more favorable for international business.
Answer: closer to
FlexFabric is a medium-size company based in Virginia. Over the past five years, the company has increased its international trade efforts and now 35% of its business takes place overseas. FlexFabric is an example of a(n) _____.
FlexFabric is a medium-size company based in Virginia. Over the past five years, the company has increased its international trade efforts and now 35% of its business takes place overseas. FlexFabric is an example of a(n) _____.
Answer: mini-multinational
What is one benefit of the Internet?
What is one benefit of the Internet?
Answer: It makes it easier for buyers and sellers to connect.
The four basic purposes of the United Nations include _____.
The four basic purposes of the United Nations include _____.
Answer:
developing friendly relations between nations
solving humanitarian, cultural, and social issues
being a center for harmonizing the actions of nations
maintaining international peace
Renata is traveling across Europe and is surprised to find Starbucks, McDonald's, and Coca-Cola in nearly every city she visits. This shows a convergence of consumer tastes which creates a _____.
Renata is traveling across Europe and is surprised to find Starbucks, McDonald's, and Coca-Cola in nearly every city she visits. This shows a convergence of consumer tastes which creates a _____.
Answer: globalization of markets
A(n) ______ business is any firm that engages in cross-border trade or investment.
A(n) ______ business is any firm that engages in cross-border trade or investment.
Answer: international
Some demonstrations against globalization are based on the idea that falling barriers to international trade
Some demonstrations against globalization are based on the idea that falling barriers to international trade
Answer: result in job losses in industries targeted by foreign competitors.
In terms of innovation in transportation technology occurring since the 1950s, the development of _____ has essentially reduced the size of our entire world.
In terms of innovation in transportation technology occurring since the 1950s, the development of _____ has essentially reduced the size of our entire world.
Answer:
commercial jets
superfreighters
As international trade expands, the economies of the world's nation-states are becoming ______.
As international trade expands, the economies of the world's nation-states are becoming ______.
Answer: more intertwined
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