Exam 1: Globalization

According to globalization critics, 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.

According to WTO data, the volume of world merchandise trade has grown faster than the world economy since 1950.

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

World Bank gives aid of $100 million to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

A U.S. investment firm set up a customer service call center in India to take advantage of lower labor costs. This is called

Why does China represent both opportunities and threats for established international businesses?

The average tariff rates for manufactured goods have fallen significantly since 1950, and now stand at about

Which of the following is a factor of production?

A firm needs to become a multinational enterprise to engage in international business.

In 2009, the financial crisis in the United States was triggered by

Since Wally's Whistles is a medium-size business, it wouldn't benefit from globalization.

Which of the following focuses on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?

In 2000, the United Nations established the ________ to reduce the number of people who live in extreme poverty by 2015.

Which of the following countries has been the largest recipient of foreign direct investment and, in 2016, received a record $249.8 billion in inflows?

To be classified as an MNE, a company must have productive activities in at least ________ countries.

What is true about the International Monetary Fund?

Explain how a company competes using outsourcing. Provide an example.

Consider whether the shift toward a more integrated and interdependent global economy is a good thing. Discuss the shift from the eyes of the consumer, the worker, the company, and the environmentalist.

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Toyota is a multinational enterprise (MNE), which is a firm that