D080 WGU
Study online at https://quizlet.com/_ezdxrc
1. Which negative outcome on political systems comes Creation of isolationist
from globalization? policies
2. Which factor results in a higher rate of globalization? reduced trade barriers
3. What are the four factors in Ghemawat's CAGE analy- Culture, administration,
sis? geography, economy
4. What is a major drawback to the home country when loss of manufacturing jobs
companies outsource manufacturing jobs to countries
with lower worker wages?
5. A country has a characteristic traditional economic The globalization process
system with poor infrastructure and limited economic is at a disadvantage as the
opportunity. What is the impact of this system on the country has a lower stan-
process of globalization? dard of living.
6. What is a characteristic of a market economy? Firms seek to maximize
profits.
7. Which impact does Islamic law directly have on busi- It forbids charging inter-
nesses? est.
8. Which institution helps to maintain availability of glob- International Monetary
al financing to solve trade deficit issues? Fund
9. What is the current focus of the World Bank? Improving quality of life
10. For which concern has the World Trade Organization Adoption of labor stan-
been criticized? dards protecting labor
rights
11. How is the Special Drawing Right of the International
Monetary Fund (IMF) valued?
, D080 WGU
Study online at https://quizlet.com/_ezdxrc
It is based on the value
of the five most significant
members' currencies.
12. Two countries agree to open their borders to interna- It leads to developing free
tional business transactions with one another without trade policies with strate-
tariffs. gic partners.
How does this affect global business?
13. A country uses its established technology infrastruc- It will create barriers to en-
ture to produce a good.What is the impact of this in- try for other nations.
frastructure on trade?
14. What was the economic impact of the North American The shift of jobs away
Free Trade Agreement (NAFTA)? from low comparative ad-
vantage industries
15. A company that is located in Country A would like to Country B seeks to protect
sell products in Country B. The government of Coun- its economy and give it the
try B is pushing for a tariff-based international trade opportunity for long-term
agreement on the product. What is the reasoning be- expansion.
hind Country B's decision?
16. Countries A and B participate in trade agreements that increases
allow free trade among participant countries. However,
Country A imposed quotas on several imported prod-
ucts to protect its domestic products.
What is the effect, if any, on the domestic prices of
these products?
17. Two countries decide to open up trade with each other.
What is likely to happen when trade opens up?
Study online at https://quizlet.com/_ezdxrc
1. Which negative outcome on political systems comes Creation of isolationist
from globalization? policies
2. Which factor results in a higher rate of globalization? reduced trade barriers
3. What are the four factors in Ghemawat's CAGE analy- Culture, administration,
sis? geography, economy
4. What is a major drawback to the home country when loss of manufacturing jobs
companies outsource manufacturing jobs to countries
with lower worker wages?
5. A country has a characteristic traditional economic The globalization process
system with poor infrastructure and limited economic is at a disadvantage as the
opportunity. What is the impact of this system on the country has a lower stan-
process of globalization? dard of living.
6. What is a characteristic of a market economy? Firms seek to maximize
profits.
7. Which impact does Islamic law directly have on busi- It forbids charging inter-
nesses? est.
8. Which institution helps to maintain availability of glob- International Monetary
al financing to solve trade deficit issues? Fund
9. What is the current focus of the World Bank? Improving quality of life
10. For which concern has the World Trade Organization Adoption of labor stan-
been criticized? dards protecting labor
rights
11. How is the Special Drawing Right of the International
Monetary Fund (IMF) valued?
, D080 WGU
Study online at https://quizlet.com/_ezdxrc
It is based on the value
of the five most significant
members' currencies.
12. Two countries agree to open their borders to interna- It leads to developing free
tional business transactions with one another without trade policies with strate-
tariffs. gic partners.
How does this affect global business?
13. A country uses its established technology infrastruc- It will create barriers to en-
ture to produce a good.What is the impact of this in- try for other nations.
frastructure on trade?
14. What was the economic impact of the North American The shift of jobs away
Free Trade Agreement (NAFTA)? from low comparative ad-
vantage industries
15. A company that is located in Country A would like to Country B seeks to protect
sell products in Country B. The government of Coun- its economy and give it the
try B is pushing for a tariff-based international trade opportunity for long-term
agreement on the product. What is the reasoning be- expansion.
hind Country B's decision?
16. Countries A and B participate in trade agreements that increases
allow free trade among participant countries. However,
Country A imposed quotas on several imported prod-
ucts to protect its domestic products.
What is the effect, if any, on the domestic prices of
these products?
17. Two countries decide to open up trade with each other.
What is likely to happen when trade opens up?
