Nowadays, countries have joined different international
organizations as well as regional organizations and have signed
agreements to follow the organization's rules. This is due to______. *
- answer Political globalization
General Motor in recent years have gradually moved its production
facilities to Mexico and have lowered the production cost
significantly. This is a benefit brought by_________. - answer
Economic globalization
Over many years, the Ireland government has made a consistent
policy to maintain a low corporate income tax rate for businesses.
This has greatly attracted the foreign direct investment to Ireland
and promoted globalization. Which of the following globalization
driver is related to the scenario? - answer Government driver
Which anti-globalization argument has been pushing Nike to
improve its factory management on workers' rights in the factories
located in Indonesia and Vietnam? - answer Unethical practices of
labor such as sweatshops
Which factor of CAGE analysis addresses differences in country's
GDP level that affect trade? - answer Economics
Both being the member countries of the EU and the Euro zone,
Germany and France have been each other's important trading
partners. Why it's easy for them to trade with each other - answer
Because France and Germany have administration similarity on free
trade agreement
,Which of the following legal system usually is observed in an area
without strong justice system? - answer Customary law
Under the COVID19 pandemic, a lot of individuals and small
businesses are significantly impacted and have been struggling. The
U.S. government has issued 2 rounds of stimulus checks and offered
small business forgiveness loans to support this group. This
reflects______. - answer Formation of international organizations
Which legal system is based on tradition and precedent given that
judicial rulings can stand as precedents for future cases? - answer
Traditional economy
Which factor results in a faster development of globalization? -
answer Mixed economy
Which type of economy contains a low standard of living, no
surplus, and usually is observed in under-developed areas of the
world? - answer Common law system
What is a characteristic of the International Monetary Fund (IMF)? -
answer The IMF provides financial assistance to member nations
with trade deficit issues.
What is a goal of the World Bank? - answer Help countries fight
poverty and improve life quality
Citizens in an African country complain that a requirement from an
international institution to cut their government expenditure on the
funded healthcare program due to the loans the nation gets from
that institution has significantly reduced their social benefits. This
is related to which of the following international institution? -
answer The World Bank
, T & M Computers is conducting international business operation in
world areas, which have recently undergone financial turmoil. Of the
following, which organization is most likely to provide assistance in
providing global financial stability? - answer The International
Monetary Fund
A newly elected leader has promised to improve the country's
highways and airports so that it can attract more foreign businesses
to invest there. Which of the following institution can help this
country with the project? - answer The World Bank
Which of the following is the WTO criticized for? - answer The
transparency requirement has hurt member nations' sovereignty
Which of the following would a mercantilist value the most? -
answer A trade surplus
Brazil has better soil and climatic conditions and they can produce
coffee beans cheaper than the United States. This reflects_________of
Brazil - answer Absolute advantage
The U.S. government plans to use a 25% tariff on tires imported
from China. This will result in_________. - answer Decreased
consumer benefits
Free trade could result in__________________ - answer Creation of
sweat shops in countries with cheap labor
A Japanese company has been selling a product at an unreasonable
low price in the German market. The German government therefore
uses a tariff on the import of this product. The reason for the
German government to do this is because of______________. - answer
The dumping behavior made by the Japanese company
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