WGU FVC1 PA
WGU FVC1 PA Exam Questions And
Answers
Which of the following is a characteristic of globalization?
Trade negotiations
Culture
Tax law
Transparency - ANSWER ✔ - Culture
How do major international institutions faciNewest tate globalization?
By weakening their currencies
By creating an international monetary system
By raising trade barriers
By enacting stringent labor laws
By placing tariffs on imported goods - ANSWER ✔ - By creating an international monetary
system
What do countries with politicians that sustain transparency in global competition tend to have?
A slow free enterprise system
Firms that resist globalization
A competitive market structure
1
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,WGU FVC1 PA
A system of poor checks and balances - ANSWER ✔ - A competitive market structure
What helps make globalization sustainable?
Transparency in government policy
Limited intellectual property laws
Restrictive laws
Rising shipping prices - ANSWER ✔ - Transparency in government policy
What do property rights enable buyers and sellers to do?
Increase currency rates
Conduct transactions with a high degree of trust
Name buildings after them
Improve their quality of life - ANSWER ✔ - Conduct transactions with a high degree of trust
How has technology bridged the global digital divide?
By causing job loss
By increasing stagnant wages
By limiting who has access to the Internet
By decreasing communication costs - ANSWER ✔ - By decreasing communication costs
What is one argument against globalization?
Jobs will be lost.
Economic control will increase.
2
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, WGU FVC1 PA
Collaborative trading will occur.
New industries will develop. - ANSWER ✔ - Jobs will be lost.
Economists have argued that national policies should be implemented to help retrain and
educate displaced workers.
How might these efforts affect the displaced workers?
By reducing in wages
By increasing productivity
By capping the level of competitiveness
By increasing unemployment - ANSWER ✔ - By increasing productivity
Which of the following may lead to an increase in the standard of living, according to free-trade
theory?
Increased inflation
Laws against importing and exporting goods
Increased taxes on goods and services
The right to import and export goods freely - ANSWER ✔ - The right to import and export goods
freely
How does foreign direct investment (FDI) create jobs and enhance skills of workers?
By selling domestic companies
By generating losses from capital
By creating inflows of capital from abroad
By increasing tax policies - ANSWER ✔ - By creating inflows of capital from abroad
3
WGU FVC1 PA
©®
WGU FVC1 PA Exam Questions And
Answers
Which of the following is a characteristic of globalization?
Trade negotiations
Culture
Tax law
Transparency - ANSWER ✔ - Culture
How do major international institutions faciNewest tate globalization?
By weakening their currencies
By creating an international monetary system
By raising trade barriers
By enacting stringent labor laws
By placing tariffs on imported goods - ANSWER ✔ - By creating an international monetary
system
What do countries with politicians that sustain transparency in global competition tend to have?
A slow free enterprise system
Firms that resist globalization
A competitive market structure
1
WGU FVC1 PA
©®
,WGU FVC1 PA
A system of poor checks and balances - ANSWER ✔ - A competitive market structure
What helps make globalization sustainable?
Transparency in government policy
Limited intellectual property laws
Restrictive laws
Rising shipping prices - ANSWER ✔ - Transparency in government policy
What do property rights enable buyers and sellers to do?
Increase currency rates
Conduct transactions with a high degree of trust
Name buildings after them
Improve their quality of life - ANSWER ✔ - Conduct transactions with a high degree of trust
How has technology bridged the global digital divide?
By causing job loss
By increasing stagnant wages
By limiting who has access to the Internet
By decreasing communication costs - ANSWER ✔ - By decreasing communication costs
What is one argument against globalization?
Jobs will be lost.
Economic control will increase.
2
WGU FVC1 PA
©®
, WGU FVC1 PA
Collaborative trading will occur.
New industries will develop. - ANSWER ✔ - Jobs will be lost.
Economists have argued that national policies should be implemented to help retrain and
educate displaced workers.
How might these efforts affect the displaced workers?
By reducing in wages
By increasing productivity
By capping the level of competitiveness
By increasing unemployment - ANSWER ✔ - By increasing productivity
Which of the following may lead to an increase in the standard of living, according to free-trade
theory?
Increased inflation
Laws against importing and exporting goods
Increased taxes on goods and services
The right to import and export goods freely - ANSWER ✔ - The right to import and export goods
freely
How does foreign direct investment (FDI) create jobs and enhance skills of workers?
By selling domestic companies
By generating losses from capital
By creating inflows of capital from abroad
By increasing tax policies - ANSWER ✔ - By creating inflows of capital from abroad
3
WGU FVC1 PA
©®
