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WGU D080 Objective Assessment 2023 Questions and Answers (100% Verified Answers by Expert)
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WGU D080 Objective Assessment 2023 Questions and Answers (100% Verified Answers by Expert)
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WGU D080 Objective Assessment 2023 Questions and Answers(Verified Answers)
1.Which negative outcome on political systems comes from globalization?: -
Creation of isolationist policies
2.Which factor results in a higher rate of globalization?: Reduced trade barriers
3.What are the four factors in Ghemawat's CAGE analysis?: Culture, adminis- tration, geography, economy
4.What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages?: Loss of manufac- turing jobs
5.A country has a characteristic traditional economic system with poor infra- structure and limited economic opportunity.
What is the impact of this system on the process of globalization?: The globalization process is at a disadvantage as the country has a lower standard of living. .What is a characteristic of a market economy?: Firms seek to maximize profi ts.
7.Which impact does Islamic law directly have on businesses?: It forbids charging interest.
8.Which institution helps to maintain availability of global financing to solve trade deficit issues?: International Monetary Fund
9.What is the current focus of the World Bank?: Improving quality of life
10.For which concern has the World Trade Organization been criticized?: -
Adoption of labor standards protecting labor rights
11.How is the Special Drawing Right of the International Monetary Fund (IMF) valued?: It is based on the value of the five most significant members' currencies.
12.Two countries agree to open their borders to international business trans- actions with one another without tariffs.
How does this affect global business?: It leads to developing free trade policies with strategic partners.
13.A country uses its established technology infrastructure to produce a good. What is the impact of this infrastructure on trade?: It will create barriers to entry for other nations.
14.What was the economic impact of the North American Free Trade Agree- ment (NAFTA)?: The shift of jobs away from low comparative advantage industries
15.A company that is located in Country A would like to sell products in Coun- try B. The government of Country B is pushing for a tariff-based international
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