,
,
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
that met at Bretton Woods, New Hampshire.
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
M
and whose currencies are losing value against those of other nations.
True False
ED
11. The IMF is less controversial than its sister institution, the World Bank.
True False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
C
returning their troubled economies to stability and growth.
True False
O
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
outside its home country.
N
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
N
barriers to the free flow of goods, services, and capital between nations.
True False
O
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as well
as manufactured goods.
IS
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
SE
location for that activity.
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
intertwined.
U
True False
R
18. The globalization of markets and production and the resulting growth of world trade, foreign
direct investment, and imports all imply that firms are finding it easier to protect themselves from
the attack of foreign competitors.
,
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
that met at Bretton Woods, New Hampshire.
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
M
and whose currencies are losing value against those of other nations.
True False
ED
11. The IMF is less controversial than its sister institution, the World Bank.
True False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
C
returning their troubled economies to stability and growth.
True False
O
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
outside its home country.
N
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
N
barriers to the free flow of goods, services, and capital between nations.
True False
O
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as well
as manufactured goods.
IS
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
SE
location for that activity.
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
intertwined.
U
True False
R
18. The globalization of markets and production and the resulting growth of world trade, foreign
direct investment, and imports all imply that firms are finding it easier to protect themselves from
the attack of foreign competitors.
