HTM 2314 Quiz 1 With Verified Answers
As ra rresult rof rglobalization, rwe rhave rbeen rmoving rtoward ra rworld rin rwhich rnational
reconomies rare rrelatively rself-contained rentities r- rCORRECT✅✅False
Today, routsourcing refforts rare rconfined rto rmanufacturing ractivities r-
rCORRECT✅✅False
The rWorld rTrade rOrganization r(WTO), rthe rInternational rMonetary rFund r(IMF) rand rits
rsister rinstitution rthe rWorld rBank, rand rthe rUnited rNations rwere rall rcreated rby
rvoluntary ragreement rbetween rindividual rnation-states. r- rCORRECT✅✅True
Foreign rdirect rinvestment r(FDI) roccurs rwhen ra rfirm rinvests rresources rin rbusiness
ractivities routside rits rhome rcountry. r- rCORRECT✅✅True
After rWorld rWar rII, rthe radvanced rindustrial rnations rof rthe rWest rcommitted
rthemselves rto rincreasing rbarriers rto rthe rfree rflow rof rgoods, rservices, rand rcapital
rbetween rnations r- rCORRECT✅✅False
The rUruguay rRound rextended rGATT rto rcover rservices ras rwell ras rmanufactured
rgoods r- rCORRECT✅✅True
The rlowering rof rtrade rand rinvestment rbarriers rallows rfirms rto rbase rproduction rat rthe
roptimal rlocation rfor rthat ractivity r- rCORRECT✅✅True
The rglobalization rof rmarkets rand rproduction rand rthe rresulting rgrowth rof rworld rtrade,
rforeign rdirect rinvestment, rand rimports rall rimply rthat rfirms rare rfinding rit reasier rto
rprotect rthemselves rfrom rattack rby rforeign rcompetitors r- rCORRECT✅✅False
Moore's rlaw rpredicts, rthat revery r18 rmonths, rthe rpower rof rmicroprocessor rtechnology
rdecreases, rwhile rits rcost rof rproduction rincreases r- rCORRECT✅✅False
A rmultinational renterprise r(MNE) ris rany rbusiness rthat rexports rgoods ror rservices rto
rconsumers rin ranother rcountry r- rCORRECT✅✅False
Which rhas rbeen rreduced ras ra rresult rof rglobalization? r- rCORRECT✅✅Differences
rin rmaterial rculture
What ris rthe rshift rtoward ra rmore rintegrated rand rinterdependent rworld reconomy
rcalled? r- rCORRECT✅✅globalization
As ra rresult rof rglobalization, rwe rhave rbeen rmoving rtoward ra rworld rin rwhich rnational
reconomies rare rrelatively rself-contained rentities r- rCORRECT✅✅False
Today, routsourcing refforts rare rconfined rto rmanufacturing ractivities r-
rCORRECT✅✅False
The rWorld rTrade rOrganization r(WTO), rthe rInternational rMonetary rFund r(IMF) rand rits
rsister rinstitution rthe rWorld rBank, rand rthe rUnited rNations rwere rall rcreated rby
rvoluntary ragreement rbetween rindividual rnation-states. r- rCORRECT✅✅True
Foreign rdirect rinvestment r(FDI) roccurs rwhen ra rfirm rinvests rresources rin rbusiness
ractivities routside rits rhome rcountry. r- rCORRECT✅✅True
After rWorld rWar rII, rthe radvanced rindustrial rnations rof rthe rWest rcommitted
rthemselves rto rincreasing rbarriers rto rthe rfree rflow rof rgoods, rservices, rand rcapital
rbetween rnations r- rCORRECT✅✅False
The rUruguay rRound rextended rGATT rto rcover rservices ras rwell ras rmanufactured
rgoods r- rCORRECT✅✅True
The rlowering rof rtrade rand rinvestment rbarriers rallows rfirms rto rbase rproduction rat rthe
roptimal rlocation rfor rthat ractivity r- rCORRECT✅✅True
The rglobalization rof rmarkets rand rproduction rand rthe rresulting rgrowth rof rworld rtrade,
rforeign rdirect rinvestment, rand rimports rall rimply rthat rfirms rare rfinding rit reasier rto
rprotect rthemselves rfrom rattack rby rforeign rcompetitors r- rCORRECT✅✅False
Moore's rlaw rpredicts, rthat revery r18 rmonths, rthe rpower rof rmicroprocessor rtechnology
rdecreases, rwhile rits rcost rof rproduction rincreases r- rCORRECT✅✅False
A rmultinational renterprise r(MNE) ris rany rbusiness rthat rexports rgoods ror rservices rto
rconsumers rin ranother rcountry r- rCORRECT✅✅False
Which rhas rbeen rreduced ras ra rresult rof rglobalization? r- rCORRECT✅✅Differences
rin rmaterial rculture
What ris rthe rshift rtoward ra rmore rintegrated rand rinterdependent rworld reconomy
rcalled? r- rCORRECT✅✅globalization
