updated(graded A+) Questions And Answers 2025\2026
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______. * - CORRECT ANSWER-
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_________. - CORRECT ANSWER-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? - CORRECT ANSWER-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? - CORRECT ANSWER-Unethical practices of
labor such as sweatshops
Which factor of CAGE analysis addresses differences in country's GDP
level that affect trade? - CORRECT ANSWER-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 - CORRECT
ANSWER-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? - CORRECT ANSWER-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______. -
CORRECT ANSWER-Formation of international organizations
Which legal system is based on tradition and precedent given that
judicial rulings can stand as precedents for future cases? - CORRECT
ANSWER-Traditional economy
, Which factor results in a faster development of globalization? -
CORRECT ANSWER-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? -
CORRECT ANSWER-Common law system
What is a characteristic of the International Monetary Fund (IMF)? -
CORRECT ANSWER-The IMF provides financial assistance to member
nations with trade deficit issues.
What is a goal of the World Bank? - CORRECT ANSWER-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? - CORRECT ANSWER-
The World Bank
T & M Computers is conducting international business operation in
world areas, which have recently undergone financial turmoil. Of the