INTB - 3330 - Chapter 1 Quiz Question
and answers verified to pass 2026
With business becoming increasingly global, its success, fortunately, depends only on the domestic
environment. - correct answer ✔False
Key aspects of globalization include the elimination of barriers to trade and information technology -
correct answer ✔True
The world economy is quickly shifting away from countries with emerging economies. - correct answer
✔False
The "soft" qualities essential to globalization include openness, protectionism, accountability,
connectivity, democracy, and centralization. - correct answer ✔False
A sustainable decoupling process would eventually lead to a multi-polar world—a world economy in
which the engines of growth could comprise the United States, the European Union, China, India, Brazil,
Russia, and South Africa rather than the United States alone - correct answer ✔True
The openness and proliferation of globalization and free trade rules can best be attributed to the
interwar period between World War I and II. - correct answer ✔False
As part of the World Bank's Strategic Framework, there are five focus areas that accommodate and
facilitate the globalization process including its analytical and advisory role supporting national policies
to strengthen free market institutions and infrastructure that has provided the potential for creating
large gains from trade. - correct answer ✔True
For the World Trade Organization, increasing trade barriers has been one of the most simple ways to
encourage trade and globalization. - correct answer ✔False
, The foundations of the globalized business world are political—and so are the biggest threats to the
system. - correct answer ✔True
Countries that have successfully adapted to globalization realize that they cannot succeed without high-
quality government management at home. - correct answer ✔True
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries
including United States. Brazilian juice is engaging in - correct answer ✔D - Globalization
Which of the following is NOT a key aspect of globalization? - correct answer ✔C - Financial
Independence
Countries that have been moving toward more open trade and free market policies are known as -
correct answer ✔E - Emerging economies
Increasingly, emerging economies are - correct answer ✔A - innovative and technologically advanced
A sustainable decoupling process would eventually lead to - correct answer ✔A - a multi-polar world
A world economy in which the engines of growth could comprise the United States, the European Union,
China, India, Brazil, Russia, and South Africa rather than the United States alone can be described as a(n)
- correct answer ✔D - Multi-polar world
According to the authors, which of the following is NOT true regarding globalization lessons for
developing countries? - correct answer ✔A - Import oriented nations must switch to concentrate on
domestication.
Which of the following is NOT a main purpose of the IMF? - correct answer ✔E - Provide long-term
low-interest social sector and infrastructure loans
and answers verified to pass 2026
With business becoming increasingly global, its success, fortunately, depends only on the domestic
environment. - correct answer ✔False
Key aspects of globalization include the elimination of barriers to trade and information technology -
correct answer ✔True
The world economy is quickly shifting away from countries with emerging economies. - correct answer
✔False
The "soft" qualities essential to globalization include openness, protectionism, accountability,
connectivity, democracy, and centralization. - correct answer ✔False
A sustainable decoupling process would eventually lead to a multi-polar world—a world economy in
which the engines of growth could comprise the United States, the European Union, China, India, Brazil,
Russia, and South Africa rather than the United States alone - correct answer ✔True
The openness and proliferation of globalization and free trade rules can best be attributed to the
interwar period between World War I and II. - correct answer ✔False
As part of the World Bank's Strategic Framework, there are five focus areas that accommodate and
facilitate the globalization process including its analytical and advisory role supporting national policies
to strengthen free market institutions and infrastructure that has provided the potential for creating
large gains from trade. - correct answer ✔True
For the World Trade Organization, increasing trade barriers has been one of the most simple ways to
encourage trade and globalization. - correct answer ✔False
, The foundations of the globalized business world are political—and so are the biggest threats to the
system. - correct answer ✔True
Countries that have successfully adapted to globalization realize that they cannot succeed without high-
quality government management at home. - correct answer ✔True
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries
including United States. Brazilian juice is engaging in - correct answer ✔D - Globalization
Which of the following is NOT a key aspect of globalization? - correct answer ✔C - Financial
Independence
Countries that have been moving toward more open trade and free market policies are known as -
correct answer ✔E - Emerging economies
Increasingly, emerging economies are - correct answer ✔A - innovative and technologically advanced
A sustainable decoupling process would eventually lead to - correct answer ✔A - a multi-polar world
A world economy in which the engines of growth could comprise the United States, the European Union,
China, India, Brazil, Russia, and South Africa rather than the United States alone can be described as a(n)
- correct answer ✔D - Multi-polar world
According to the authors, which of the following is NOT true regarding globalization lessons for
developing countries? - correct answer ✔A - Import oriented nations must switch to concentrate on
domestication.
Which of the following is NOT a main purpose of the IMF? - correct answer ✔E - Provide long-term
low-interest social sector and infrastructure loans
