Busmhr 2000 exam 1 - Study guides, Class notes & Summaries
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BUSMHR 2000 Exam 1 questions with correct answers
- Exam (elaborations) • 35 pages • 2023
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Globalization 
The shift toward a more integrated and interdependent world economy. 
 
 
 
Globalization of markets 
The merging of historically distinct and separate national markets into one huge global marketplace. 
 
 
 
Globalization of production 
The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. 
 
 
 
Factors of production 
Labor, energy, land, and capital. 
 
 
 
General Agreemen...
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BUSMHR 2000 Exam 1 Questions and Answers New (2024/2025) Solved 100% Correct
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Group of Twenty (G20) - ️️-Established in 1999. 
-Comprises the finance ministers and central bank governors of the 19 largest 
economies in the world, plus representatives from the European Union and the 
European Central Bank. 
-Originally established to formulate a coordinated policy response to financial crises in 
developing nations. 
-2008/2009 it became the forum where major nations attempted to launch a coordinated 
policy response to the global financial crisis. 
The Uruguay Round -...
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BUSMHR 2000 Exam 1 Questions and Answers | Latest Update 2024/2025
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Globalization 
 ~~> The trend toward increased cultural and economic 
connectedness between people, businesses, and organizations 
throughout the world. 
Global Institutions 
 ~~> (1) -Help manage, regulate, and police the global marketplace. 
 -Promote the establishment of multinational treaties to govern the 
global business system. 
 - General Agreement on Tariffs and Trade (GATT), World Trade 
Organization (WTO), International Monetary Fund (IMF), World Bank, 
United Nations (UN)....
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BUSMHR 2000 Exam 1
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• Globalization - answer-The trend toward increased cultural and economic connectedness between people, businesses, and organizations throughout the world. 
 
Global Institutions - answer-(1) -Help manage, regulate, and police the global marketplace. 
-Promote the establishment of multinational treaties to govern the global business system. 
- General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), International Monetary Fund (IMF), World Bank, United Nations (UN). 
 
WT...
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BUSMHR 2000 Exam 1 Questions And Answers Latest Updates
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Mercantilism - ️️1st theory of international trade- an economic policy under which 
nations sought to increase their wealth and power by obtaining large amounts of gold 
and silver and by maximizing exports and minimizing imports 
Economic Motives - ️️the motivation to increase return through higher revenues or 
lower costs through international raw materials, natural resources, a cheap labor supply 
for manufacturing goods 
Global Institutions - ️️(1) -Help manage, regulate, and pol...
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BUSMHR 2000 Exam 1 questions with correct answers
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BUSMHR 2000 Exam 1 questions with correct answers 
Grossman and Krueger's study revealed the relationship between pollution levels and income. Which pollutant was the exception to their study? 
nitrous oxide 
sulfur dioxide 
lead 
carbon dioxide 
hydrogen 
When considering globalization, what is considered the single most important innovation since World War II? 
 
higher education 
transcontinental air transport 
the telephone 
the microprocessor 
cross-country railway systems 
Which of these...
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BUSMHR 2000 Exam 1 and 2 Questions and Answers | Latest Update 2024/2025
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BUSMHR 2000 Exam 1 and 2 Questions and Answers | Latest Update 2024/2025
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BUSMHR 2000 Exam 1 Questions and Correct Answers | Latest Update
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Globalization 
→ -:- The shift toward a more integrated and interdependent world economy. 
Globalization of markets 
→ -:- The merging of historically distinct and separate national markets into one huge 
global marketplace. 
Globalization of production 
→ -:- The sourcing of goods and services from locations around the globe to take 
advantage of national differences in the cost and quality of factors of production. 
Factors of production 
→ -:- Labor, energy, land, and capital. 
Gene...
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BUSMHR 2000 Exam 1 Study Guide with Complete Solutions
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BUSMHR 2000 Exam 1 Study Guide with 
Complete Solutions 
Globalization - Answer-The shift toward a more integrated and interdependent 
world economy. 
Globalization of markets - Answer-The merging of historically distinct and 
separate national markets into one huge global marketplace. 
Globalization of production - Answer-The sourcing of goods and services from 
locations around the globe to take advantage of national differences in the cost and 
quality of factors of production. 
Factors of pr...
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BUSMHR 2000 Exam 1 Questions and Answers | 100% Pass
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BUSMHR 2000 Exam 1 Questions and 
Answers | 100% Pass 
• Globalization - Answer-The trend toward increased cultural and economic 
connectedness between people, businesses, and organizations throughout the world. 
Global Institutions - Answer-(1) -Help manage, regulate, and police the global 
marketplace. 
-Promote the establishment of multinational treaties to govern the global business 
system. 
- General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), 
International Mo...
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