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ECON 3100 CERTIFICATION SCRIPT 2026 COMPLETE QUESTIONS AND CORRECT ANSWERS

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ECON 3100 CERTIFICATION SCRIPT 2026 COMPLETE QUESTIONS AND CORRECT ANSWERS

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ECON 3100 CERTIFICATION SCRIPT 2026
COMPLETE QUESTIONS AND CORRECT
ANSWERS


◉When did the Second Unbundling approximately begin?


1990


1980


2000


1970. Answer: 1990


◉With the decline in ___ costs, firms were able to ___ in their core
competencies, leading to the phenomenon known as ___.


communication, specialize, outsourcing


transportation, factor, in-housing

,transaction, improve, management


relevant, outsource, generalization. Answer: communication,
specialize, outsourcing


◉What happened to income over the course of the Second
Unbundling?


diverged


stayed the same


converged


converged then diverged


diverged then converged. Answer: converged


◉In the Second Unbundling, the "North" specialized in ___ labor
while the "South" specialized in ___ labor.


unskilled, skilled

, both skilled and unskilled, unskilled


unskilled, both skilled and unskilled


skilled, unskilled. Answer: skilled, unskilled


◉What is the pattern of investment of the majority of FDI in the
world?


industrialized country to non-industrialized country


non-industrialized country to non-industrialized country


industrialized country to industrialized country


non-industrialized country to industrialized country. Answer:
industrialized country to industrialized country


◉Select all of the main drivers of trade.


Tastes

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