Exam 2: Economic Environment

One consequence of fungible content, information products, and electronic networks is an additional assault on the power of national governments to regulate international commerce.

An example of a free trade area would be:

One of the differences between WTO and GATT is that WTO's dispute settlement mechanism is:

Triad regions of the world include:

The new European currency, the euro, began its circulation in January ________.

____________________ are highly interested in putting strong international intellectual property laws in place:

Globalization has helped improve the economies of emerging and developing countries more than those of developed countries.

BEMs stand for:

The World Trade Organization's (WTO) ninth round of trade talks which were launched in November 2001 were called:

The world's largest exporting country is China.

The Chinese government provides financial support and credit support to enterprises going abroad.

A ________________ eliminates all tariffs and barriers to trade among members, adopts a common set of external tariffs on nonmembers, and removes all restrictions on the flow of capital and labor among member nations.

FDI is shifting from developed countries to developing countries.

One way around having your intellectual property (such as software) copied because of easy access is to sell:

Which of the following is an example of an international trading bloc?

The sovereignty of _______________ will perhaps continue to weaken due to multinationals and the increasing integration of economies.

The World Trade Organization (WTO) was created in the _____________ of GATT talks---called the Uruguay Round.

In 2018, according to the World Economic Forum's Global Competitiveness Report, five of the top 10 countries are Asian countries.

In most of the years since 2011, world trade has grown at half the normal rate relative to world GDP.

__________ which means investment in manufacturing and service facilities in a foreign country with an intention to engage actively in managing them