Question 1

Under the World Trade Organization's most-favored nation rule:

Accepted Answer

A)   All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued.
B)   All import restrictions are illegal unless proven scientifically.
C)   Most-favored nations can impose heavy tariffs on other nations.
D)   Most-favored nations can oppose the dumping of goods by any nation in their home market.E) A) and D)
F) None of the above

Question 2

Single-party rule by communist parties still remains in:

Accepted Answer

A)   Lithuania.
B)   Vietnam.
C)   Thailand.
D)   Russia.E) B) and C)
F) A) and B)

Question 3

What U.S.company is the best example of using globalization to reduce the price of its products?

Accepted Answer

A)   K-Mart.
B)   Toys R Us.
C)   Walmart.
D)   Macy's.E) A) and C)
F) B) and D)

Question 4

The World Trade Organization conducts negotiations,called "cycles," on various topics,rotating its meetings among different cities.

Accepted Answer

A) True 
 B)False

Question 5

The term sector refers to broad divisions of a whole.

Accepted Answer

A) True 
 B)False

Question 6

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

Accepted Answer

A)   Strict law enforcement.
B)   High environmental standards.
C)   Weak health and safety regulations.
D)   Strong worker unions.E) A) and D)
F) All of the above

Question 7

Which is an example of a social and political reform that has led to the acceleration of globalization?

Accepted Answer

A)   Economic sanctions against North Korea.
B)   Efforts to deter drug trafficking from Colombia.
C)   The collapse of former communist states of central and eastern Europe.
D)   The European Union's penalties against Microsoft for unfair competition.E) A) and B)
F) A) and C)

Question 8

The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

Accepted Answer

A) True 
 B)False

Question 9

The three strategies of globalization can be summarized using what three words?

Accepted Answer

A)   Channels, operations, and chains.
B)   Export, locate, and purchase.
C)   Sell, make, and buy.
D)   Ethics, import, and sell.E) All of the above
F) C) and D)

Question 10

Compare and contrast the world's political and economic systems and their effects on globalization.

Accepted Answer

The world's political and economic syste...

Question 11

The World Trade Organization is based in the United States.

Accepted Answer

A) True 
 B)False

Question 12

The term "race to the bottom" refers to:

Accepted Answer

A)   Seeking to mine rich minerals from the bottom of the ocean.
B)   Moving production jobs to the country with the lowest labor cost.
C)   Efforts to deconstruct the assembly process in manufacturing industries.
D)   An old concept of globalization is no longer relevant.E) C) and D)
F) B) and C)

Question 13

The acceleration of globalization has been driven by:

Accepted Answer

A)   Technological innovation.
B)   Transportation systems.
C)   Social and political reforms.
D)   All of the above.E) A) and B)
F) A) and C)

Question 14

Government has distinctive resources and competencies including:

Accepted Answer

A)   Knowledge of public policy.
B)   Ability to enforce the rules.
C)   Revenue from taxation.
D)   All of the above.E) B) and C)
F) C) and D)

Question 15

The theory of comparative advantage states that:

Accepted Answer

A)   Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
B)   Productivity decreases when countries produce goods and services based on their natural resources.
C)   All countries start out on an equal playing field.
D)   Countries that operate under a policy of isolationism have a comparative advantage.E) All of the above
F) A) and D)

Question 16

Critics of globalization support the spread of American ideals and culture throughout the rest of the world.

Accepted Answer

A) True 
 B)False

Question 17

Representation on the World Bank's board of directors is based on:

Accepted Answer

A)   The size of the member nation's population.
B)   The size of the member nation's economy.
C)   The size of the member nation's land mass.
D)   Equal representation of all member nations.E) A) and C)
F) B) and C)

Question 18

How can global action networks help global problem solving?

Accepted Answer

Global Action Networks (GANs) are collab...

Question 19

An individual who is a supporter of globalization would argue that it helps the developing world by:

Accepted Answer

A)   Giving entrepreneurs access to foreign investment funds to support economic development.
B)   Allowing new ideas and technological innovations to spread quickly.
C)   Providing people in developing countries with more jobs.
D)   All of the above.E) All of the above
F) A) and D)

Question 20

Discuss the benefits and costs of globalization.Provide examples of how globalization has helped or harmed individual nations and the world economy.

Accepted Answer

Globalization has both benefits and cost...

Exam 6: The Challenges of Globalization

The acceleration of globalization has been driven by:

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How can global action networks help global problem solving?

Correct AnswerAnswered by ExamLex AIGlobal Action Networks (GANs) are collab...View AnswerShow Answer

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

Correct AnswerverifiedShow Answer

The World Trade Organization conducts negotiations,called "cycles," on various topics,rotating its meetings among different cities.

Correct AnswerverifiedShow Answer

Which is an example of a social and political reform that has led to the acceleration of globalization?

Correct AnswerverifiedShow Answer

Under the World Trade Organization's most-favored nation rule:

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The term sector refers to broad divisions of a whole.

Correct AnswerverifiedShow Answer

The World Trade Organization is based in the United States.

Correct AnswerverifiedShow Answer

Government has distinctive resources and competencies including:

Correct AnswerverifiedShow Answer

Compare and contrast the world's political and economic systems and their effects on globalization.

Correct AnswerAnswered by ExamLex AIThe world's political and economic syste...View AnswerShow Answer

Critics of globalization support the spread of American ideals and culture throughout the rest of the world.

Correct AnswerverifiedShow Answer

An individual who is a supporter of globalization would argue that it helps the developing world by:

Correct AnswerverifiedShow Answer

The theory of comparative advantage states that:

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The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

Correct AnswerverifiedShow Answer

The term "race to the bottom" refers to:

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Representation on the World Bank's board of directors is based on:

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Single-party rule by communist parties still remains in:

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The three strategies of globalization can be summarized using what three words?

Correct AnswerverifiedShow Answer

Discuss the benefits and costs of globalization.Provide examples of how globalization has helped or harmed individual nations and the world economy.

Correct AnswerAnswered by ExamLex AIGlobalization has both benefits and cost...View AnswerShow Answer

What U.S.company is the best example of using globalization to reduce the price of its products?

Correct AnswerverifiedShow Answer

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Global Action Networks (GANs) are collab...
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Correct Answer
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The world's political and economic syste...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
Answered by ExamLex AI
Globalization has both benefits and cost...
View Answer

Correct Answer
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