WGU D080 MODULE QUIZZES QUESTIONS
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______. * - Answers -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_________. - Answers -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? - Answers -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? -
Answers -Unethical practices of labor such as sweatshops
Which factor of CAGE analysis addresses differences in country's GDP level that affect
trade? - Answers -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 - Answers -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? - Answers -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______. - Answers -Formation of international organizations
Which legal system is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases? - Answers -Traditional economy
Which factor results in a faster development of globalization? - Answers -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? - Answers -Common law system
, What is a characteristic of the International Monetary Fund (IMF)? - Answers -The IMF
provides financial assistance to member nations with trade deficit issues.
What is a goal of the World Bank? - Answers -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? - Answers -
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? - Answers -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? - Answers -The World Bank
Which of the following is the WTO criticized for? - Answers -The transparency
requirement has hurt member nations' sovereignty
Which of the following would a mercantilist value the most? - Answers -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 - Answers -Absolute
advantage
The U.S. government plans to use a 25% tariff on tires imported from China. This will
result in_________. - Answers -Decreased consumer benefits
Free trade could result in__________________ - Answers -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______________. - Answers -The dumping behavior made by the Japanese
company
The French government recently found out that batteries imported from Vietnam has
been causing fires on vehicles and has decided to halt the import. This is a reflection
of_________. - Answers -Health and safety
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______. * - Answers -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_________. - Answers -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? - Answers -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? -
Answers -Unethical practices of labor such as sweatshops
Which factor of CAGE analysis addresses differences in country's GDP level that affect
trade? - Answers -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 - Answers -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? - Answers -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______. - Answers -Formation of international organizations
Which legal system is based on tradition and precedent given that judicial rulings can
stand as precedents for future cases? - Answers -Traditional economy
Which factor results in a faster development of globalization? - Answers -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? - Answers -Common law system
, What is a characteristic of the International Monetary Fund (IMF)? - Answers -The IMF
provides financial assistance to member nations with trade deficit issues.
What is a goal of the World Bank? - Answers -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? - Answers -
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? - Answers -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? - Answers -The World Bank
Which of the following is the WTO criticized for? - Answers -The transparency
requirement has hurt member nations' sovereignty
Which of the following would a mercantilist value the most? - Answers -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 - Answers -Absolute
advantage
The U.S. government plans to use a 25% tariff on tires imported from China. This will
result in_________. - Answers -Decreased consumer benefits
Free trade could result in__________________ - Answers -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______________. - Answers -The dumping behavior made by the Japanese
company
The French government recently found out that batteries imported from Vietnam has
been causing fires on vehicles and has decided to halt the import. This is a reflection
of_________. - Answers -Health and safety
