WGU D080 Pre-Assessment Review Questions With Correct Answers Latest 2023/2024 Graded A+

WGU D080 Pre-Assessment Review Questions With Correct Answers Latest 2023/2024 Graded A+. Which factor results in a higher rate of globalization? - Answer Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - Answer Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - Answer Loss of manufacturing jobs A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization? - Answer The globalization process is at a disadvantage as the country has a lower standard of living. What is a characteristic of a market economy? - Answer Firms seek to maximize profits. Which impact does Islamic law directly have on businesses? - Answer It forbids charging interest. Country A and Country B are trying to mend their relationship. A company from Country A would like to invest in a company in Country B.Which action by Country B will help these two countries meet their goal? - Answer Provide tax exemptions Which level of regional economic integration is a key feature of a Customs Union? - Answer Unified trading policies with non-members What is a drawback of creating regional trade agreements? - Answer They shift employment opportunities. The United States-Mexico- Canada Agreement (USMCA), a modification of the North American Free Trade Agreement (NAFTA), broadened the scope of free-trade between member nations and tightened restrictions in the region. Which regulation was established by this new agreement? - Answer Almost half of all automobile parts must be made by a labor force that earns a minimum of $16 per hour by 2023. A U.S. capital investment firm is researching new markets to enter to diversify its portfolio. The director of foreign investments presented a pitch to the board of directors encouraging entry into the Costa Rican telecommunications market by investing in local companies in the region through acquisition. Which alliance supports this director's suggestion? - Answer Central America Free Trade Agreement