Question 1

India is one of the countries that did not participate in the process of globalization.

Accepted Answer

A) True 
 B)False

Question 2

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Accepted Answer

A)  6.4 
B)  5.0 
C)  3.5 
D)  7.8 
E)  2.9 
A)  6.4 
B)  5.0 
C)  3.5 
D)  7.8 
E)  2.9

Question 3

Globalization can be defined as:

Accepted Answer

A)  the attitude or policy of placing the interests of the entire world above those of individual nations. 
B)  viewing the entire world as a proper sphere for one nation to project political influence. 
C)  a period in history that has witnessed a dramatic change in world political thought and the balance of power. 
D)  an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals. 
E)  a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations. 
A)  the attitude or policy of placing the interests of the entire world above those of individual nations. 
B)  viewing the entire world as a proper sphere for one nation to project political influence. 
C)  a period in history that has witnessed a dramatic change in world political thought and the balance of power. 
D)  an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals. 
E)  a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.

Question 4

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

Accepted Answer

A)  nobody ever wants to invest in a country that just suffered a devaluation 
B)  many local firms took foreign loans (denominated in, say, dollars), and they cannot repay them at the new exchange rate 
C)  the WTO forces troubled firms to show profits or make way for new, more efficient firms 
D)  local firms cannot compete with their foreign competitors at the new prices after the devaluation 
E)  many local firms do not know how to deal with the complicated financial operations involved in a speculative attack 
A)  nobody ever wants to invest in a country that just suffered a devaluation 
B)  many local firms took foreign loans (denominated in, say, dollars), and they cannot repay them at the new exchange rate 
C)  the WTO forces troubled firms to show profits or make way for new, more efficient firms 
D)  local firms cannot compete with their foreign competitors at the new prices after the devaluation 
E)  many local firms do not know how to deal with the complicated financial operations involved in a speculative attack

Question 5

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

Accepted Answer

A)  "Free rider problem" 
B)  "Tragedy of the commons" 
C)  "Race to the bottom" 
D)  "Flag of convenience" 
E)  "Enlightened self-interest" 
A)  "Free rider problem" 
B)  "Tragedy of the commons" 
C)  "Race to the bottom" 
D)  "Flag of convenience" 
E)  "Enlightened self-interest"

India is one of the countries that did not participate in the process of globalization.

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Globalization can be defined as:

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

The Wealth of Nations: Ownership and Economic Freedom

Scarcity and Opportunity Costs

The Market and Price System

The Aggregate Economy

National Income Accounting

An Introduction to the Foreign Exchapterange Market and the Balance of Payments

Unemployment and Inflation

Macroeconomic Equilibrium: Aggregate Demand and Supply

Aggregate Expenditures

Income and Expenditures Equilibrium

Fiscal Policy

Money and Banking

Monetary Policy

Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles

Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical

Economic Growth

Development Economics

World Trade Equilibrium

International Trade Restrictions

Exchapterange Rates and Financial Links Between Countries

Filters

Exam 18: Globalization

India is one of the countries that did not participate in the process of globalization.

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Globalization can be defined as:

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

The Wealth of Nations: Ownership and Economic Freedom

Scarcity and Opportunity Costs

The Market and Price System

The Aggregate Economy

National Income Accounting

An Introduction to the Foreign Exchapterange Market and the Balance of Payments

Unemployment and Inflation

Macroeconomic Equilibrium: Aggregate Demand and Supply

Aggregate Expenditures

Income and Expenditures Equilibrium

Fiscal Policy

Money and Banking

Monetary Policy

Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles

Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical

Economic Growth

Development Economics

World Trade Equilibrium

International Trade Restrictions

Exchapterange Rates and Financial Links Between Countries

Filters