TOPIC 4 Flashcards
Globalization means:
a. A more integrated and interdependent world
b. Restricted foreign trade and investment
c. Global damage
d. All of the above
a. A more integrated and interdependent world
Which of these does NOT facilitate globalization?
a. Improvements in the communications
b. Barriers to trade and investment
c. Looser immigration controls
d. Removing border control on capital movement
b. Barriers to trade and investment
Which of the following is globalization driven?
a. Border barriers and control on foreign direct investment inflows.
b. Competitive competition.
c. Technological advance.
d. All of the above
c. Technological advance.
Globalization is good for business, because
a. This protects them from international competition.
b. Among other nations, it cushions them from the impact of events
c. It opens up new market opportunities.
d. It increases the risk and uncertainty of globalization economy.
c. It opens up new market opportunities.
The internet facilitates globalization by:
a. Making it harder to contact potential foreign customers.
b. Cutting the cost for firms of communicating across borders.
c. Makes the sending of money from one country to another more difficult.
d. Making it easier for governments to filter the information their people access from outside sources
b. Cutting the cost for firms of communicating across borders.
Globalization can create problems for business because:
a. It can result in more competition.
b. It reduces vulnerability to political risk and operating uncertainty abroad.
c. Both a and b
d. None of the above
a. It can result in more competition.
Globalization occurs when there is increased economic integration among countries?
a. True
b. False
a. True
Globalization increase the demand for unskilled labor in the Philippines which in turn reduce labor’s bargaining power.
a. True
b. False
b. False
Which of the following is a valid statement about globalization?
a. Opening up exchange often leads to greater productivity for Pareto efficiency
b. Countries that have been more globalized typically have political institutions.
c. When trade between poor and rich countries increases, low wage workers in rich countries can be made worse off
d. All of the above
a. Opening up exchange often leads to greater productivity for Pareto efficiency
Globalization includes:
a. A stretching of social, political, and economic activities across political frontiers.
b. An accelerating pace of global interactions and processes associated with a deepening enmeshment of the local and the global.
c. Growing magnitude of interconnectedness in almost every sphere of social existence.
d. All of the above
d. All of the above
