WGU D080 Module Quizes

WGU D080 Module Quizes 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______. * 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_________. 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? 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? Unethical practices of labor such as sweatshops Which factor of CAGE analysis addresses differences in country's GDP level that affect trade? 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 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? 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______. Formation of international organizations Which legal system is based on tradition and precedent given that judicial rulings can stand as precedents for future cases? Traditional economy Which factor results in a faster development of globalization? 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? Common law system What is a characteristic of the International Monetary Fund (IMF)? The IMF provides financial assistance to member nations with trade deficit issues. What is a goal of the World Bank? 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? 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? 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? The World Bank Which of the following is the WTO criticized for? The transparency requirement has hurt member nations' sovereignty Which of the following would a mercantilist value the most? 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 Absolute advantage The U.S. government plans to use a 25% tariff on tires imported from China. This will result in_________. Decreased consumer benefits Free trade could result in__________________ 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______________. 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_________. Health and safety Which of the following is a technical barrier for trade? Packaging requirement regulation The price for ethanol consumers in the United States is higher than world free-market price because of the $0.54 per gallon tariff imposed by the U.S. government on ethanol imports. This is an example of a(n)______tariff. specific The U.S. Department of Agriculture has been using quota on sugar imported from foreign countries. The direct result of such quota in the U.S. market is__________. Decreased competition among producers in the U.S. sugar market The Greek government has decided to impose a tariff on cigars imported from Cuba. What is the direct impact of such trade policy? Increased market price of cigars in Greece A Japanese company has purchased a German company with the intent of controlling and managing the German company's assets and decision making process. Which practice is used by this Japanese company? Foreign direct investment Which of the following is a strategy used by governments to encourage the foreign direct investment in this country? Provide more education opportunities and job trainings to the workforce. A Chinese company would like to operate in Indonesia but is required to purchase 75% of the ingredients directly from Indonesian suppliers. This is_____________ used by the Indonesian government to restrict FDI. * Specific product content requirement strategy Amazon is a U.S. based company. In recently years, Amazon has gradually established Amazon Japan, Amazon China, Amazon UK, etc. This is an example of_________. Horizontal FDI Netflix used to only provide movie rental service to customers. In recent years, Netflix has started to collaborate with foreign TV show producers and started to make Netflix original shows. This represents Netflix's effort in making a___________. Backward vertical FDI Which of the following is a reason for a government to promote FDI? The inflow of capital benefits the host country's economic development Mercosur is an example of ______stage of economic integration that removes all trade barriers and allow member nations to use same external trade policies Custom union A German engineer plans to move to France and start working there for 2 months. He only needs to hold a valid identity card or passport to move to France. This is due to_____________. EU has the feature of common market stage of economic integration Which drawback is involved when regional agreements are created? Member countries will trade less with nonmember countries. What is a benefit of creating a regional economic integration agreement? Accelerated economic growth Which agreement was signed in 1994 and aims at removing trade barriers between Canada, the United States, and Mexico? NAFTA Which agreement was formalized in 1993 to create an economic union to help member countries form unified economic policies? EU A French tourist expects to have a 5 day vacation in Florida. Which of the following would he prefer before going to Florida? The U.S. dollar is weak relative to Euro A country's government allows its currency value to fluctuate within a certain range but would manage the currency value once the fluctuation exceeds the range. This country has been practicing___________. A pegged floating exchange rate system Which of the following is not a supplier of US dollars? European investors who want to purchase bonds in the US bond market A production facility employs over 200 workers who are under the age of 18. One worker describes unsafe working conditions and abusive supervisors. Which labor convention is being violated by the employer? Worst Forms of Child Labour What is the reason to include a choice of law clause in the contract? It specifies which law applies to any disputes that could arise under the contract. A US company and a Canadian company engage in a contract and decide to use US contract law. What does Article 2 of the Uniform Commercial Code (UCC) govern? The performance of sales contracts. Which factor contributes to the creation of a monopoly?