WGU D080 Pre-Assessment Questions & Answers 100% Correct (SCORED A+)

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies 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 profi ts. Which impact does Islamic law directly have on businesses? - ANSWER - It forbids charging interest. Which institution helps to maintain availability of global financing to solve trade deficit issues? - ANSWER - International Monetary Fund What is the current focus of the World Bank? - ANSWER - Improving quality of life For which concern has the World Trade Organization been criticized? - ANSWER - Adoption of labor standards protecting labor rights How is the Special Drawing Right of the International Monetary Fund (IMF) valued? - ANSWER - It is based on the value of the five most significant members' currencies. Two countries agree to open their borders to international business transactions with one another without tariffs.