,Name: Class: Date:
Chapterp01:pThepRisepofpGlobalization
1. Withpbusinesspbecomingpincreasinglypglobal,pitspsuccess,pfortunately,pdependsponlyponpthepdomesticpenvironment.
a. True
b. False
ANSWER:p False
2. Keypaspectspofpglobalizationpincludepthepeliminationpofpbarriersptoptradepandpinformationptechnology.
a. True
b. False
ANSWER:p True
3. Thepworldpeconomypispquicklypshiftingpawaypfrompcountriespwithpemergingpeconomies.
a. True
b. False
ANSWER:p False
4. Thep“soft”pqualitiespessentialptopglobalizationpincludepopenness,pprotectionism,paccountability,pconnectivity,p
democracy,pandpcentralization.
a. True
b. False
ANSWER:p False
5. Apsustainablepdecouplingpprocesspwouldpeventuallypleadptopapmulti-polarpworld—
apworldpeconomypinpwhichpthepenginespofpgrowthpcouldpcomprisepthepUnitedpStates,pthepEuropeanpUnion,pChina,pIn
dia,pBrazil,pRussia,pandpSouthpAfricapratherpthanpthepUnitedpStatespalone.
a. True
b. False
ANSWER:p True
6. Thepopennesspandpproliferationpofpglobalizationpandpfreeptradeprulespcanpbestpbepattributedptopthepinterwarpperiodpb
etweenpWorldpWarpIpandpII.
a. True
b. False
ANSWER:p False
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.
,Name: Class: Date:
Chapterp01:pThepRisepofpGlobalization
7. AsppartpofpthepWorldpBank’spStrategicpFramework,pthereparepfivepfocuspareaspthatpaccommodatepandpfacilitatepthepgl
obalizationpprocesspincludingpitspanalyticalpandpadvisoryprolepsupportingpnationalppoliciesptopstrengthenpfreepmarketpins
titutionspandpinfrastructurepthatphaspprovidedptheppotentialpforpcreatingplargepgainspfromptrade.
a. True
b. False
ANSWER:p True
8. ForpthepWorldpTradepOrganization,pincreasingptradepbarriersphaspbeenponepofpthepmostpsimplepwaysptopencourageptr
adepandpglobalization.
a. True
b. False
ANSWER:p False
9. Thepfoundationspofpthepglobalizedpbusinesspworldpareppolitical—andpsoparepthepbiggestpthreatsptopthepsystem.
a. True
b. False
ANSWER:p True
10. Countriespthatphavepsuccessfullypadaptedptopglobalizationprealizepthatptheypcannotpsucceedpwithoutphigh-
qualitypgovernmentpmanagementpatphome.
a. True
b. False
ANSWER:p True
11. Inpcommunistpandpstate-
controlledpeconomiesplikepthosepinpCentralpAsiappropertyprightspeitherpdopnotpexistporparepnotpwellpdefinedpwhichpdi
scouragespdomesticpandpforeignpinvestorspfrompmakingplong-termpcommitmentspinpthesepcountries.
a. True
b. False
ANSWER:p True
12. GlobalizedpeconomiesplikepNewpZealandpandpSingaporeprankpatptheptoppinpindexpforpabsencepofpcorruptionpbypT
ransparencypInternational.
a. True
b. False
ANSWER:p True
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, Name: Class: Date:
Chapterp01:pThepRisepofpGlobalization
13. Textpmessagingpwillplikelypbepanpunimportantpcomponentpofpemergingpeconomies'pmobilepphonepusagepbecausepmostpp
eoplepinpthesepcountriespcannotpreadporpwrite.
a. True
b. False
ANSWER:p False
14. Criticsparguepthatpopenptradepandpforeignpdirectpinvestmentpalwaysptakepjobspfrompworkerspinpdevelopingpeconomiespa
ndptransferpthemptopworkerspinpadvancedpindustrialpcountriespwhichpleavepthepworkerspinpthepdevelopingpcountry,pout
pofpwork.
a. True
b. False
ANSWER:p False
15. Therepappearsptopbepapclearpconnectionpbetweenpeconomicpfreedompandppoliticalpfreedom.
a. True
b. False
ANSWER:p True
16. BrazilianpJuice,papmanufacturerpofphealthypfruitpjuicespinpBrazil,psellspjuicepinpsixpdifferentpcountriespincludingpUnitedpS
tates.pBrazilianpjuicepispengagingpin
a. economicpdevelopmentpinpUnitedpStates.
b. exercisingpnontariffpbarrierspinpBrazil.
c. unfairptradeppractices.
d. globalization.
e. thepWorldpTradepBankpGroup.
ANSWER:p d
17. WhichpofpthepfollowingpispNOTpapkeypaspectpofpglobalization?
a. Thepeliminationpofpbarriersptoptrade
b. Investment
c. Financialpindependence
d. Culture
e. Informationptechnology
ANSWER:p c
CopyrightpCengagepLearning.pPoweredpbypCognero Pagep3
.
Chapterp01:pThepRisepofpGlobalization
1. Withpbusinesspbecomingpincreasinglypglobal,pitspsuccess,pfortunately,pdependsponlyponpthepdomesticpenvironment.
a. True
b. False
ANSWER:p False
2. Keypaspectspofpglobalizationpincludepthepeliminationpofpbarriersptoptradepandpinformationptechnology.
a. True
b. False
ANSWER:p True
3. Thepworldpeconomypispquicklypshiftingpawaypfrompcountriespwithpemergingpeconomies.
a. True
b. False
ANSWER:p False
4. Thep“soft”pqualitiespessentialptopglobalizationpincludepopenness,pprotectionism,paccountability,pconnectivity,p
democracy,pandpcentralization.
a. True
b. False
ANSWER:p False
5. Apsustainablepdecouplingpprocesspwouldpeventuallypleadptopapmulti-polarpworld—
apworldpeconomypinpwhichpthepenginespofpgrowthpcouldpcomprisepthepUnitedpStates,pthepEuropeanpUnion,pChina,pIn
dia,pBrazil,pRussia,pandpSouthpAfricapratherpthanpthepUnitedpStatespalone.
a. True
b. False
ANSWER:p True
6. Thepopennesspandpproliferationpofpglobalizationpandpfreeptradeprulespcanpbestpbepattributedptopthepinterwarpperiodpb
etweenpWorldpWarpIpandpII.
a. True
b. False
ANSWER:p False
CopyrightpCengagepLearning.pPoweredpbypCognero Pagep1
.
,Name: Class: Date:
Chapterp01:pThepRisepofpGlobalization
7. AsppartpofpthepWorldpBank’spStrategicpFramework,pthereparepfivepfocuspareaspthatpaccommodatepandpfacilitatepthepgl
obalizationpprocesspincludingpitspanalyticalpandpadvisoryprolepsupportingpnationalppoliciesptopstrengthenpfreepmarketpins
titutionspandpinfrastructurepthatphaspprovidedptheppotentialpforpcreatingplargepgainspfromptrade.
a. True
b. False
ANSWER:p True
8. ForpthepWorldpTradepOrganization,pincreasingptradepbarriersphaspbeenponepofpthepmostpsimplepwaysptopencourageptr
adepandpglobalization.
a. True
b. False
ANSWER:p False
9. Thepfoundationspofpthepglobalizedpbusinesspworldpareppolitical—andpsoparepthepbiggestpthreatsptopthepsystem.
a. True
b. False
ANSWER:p True
10. Countriespthatphavepsuccessfullypadaptedptopglobalizationprealizepthatptheypcannotpsucceedpwithoutphigh-
qualitypgovernmentpmanagementpatphome.
a. True
b. False
ANSWER:p True
11. Inpcommunistpandpstate-
controlledpeconomiesplikepthosepinpCentralpAsiappropertyprightspeitherpdopnotpexistporparepnotpwellpdefinedpwhichpdi
scouragespdomesticpandpforeignpinvestorspfrompmakingplong-termpcommitmentspinpthesepcountries.
a. True
b. False
ANSWER:p True
12. GlobalizedpeconomiesplikepNewpZealandpandpSingaporeprankpatptheptoppinpindexpforpabsencepofpcorruptionpbypT
ransparencypInternational.
a. True
b. False
ANSWER:p True
CopyrightpCengagepLearning.pPoweredpbypCognero Pagep2
.
, Name: Class: Date:
Chapterp01:pThepRisepofpGlobalization
13. Textpmessagingpwillplikelypbepanpunimportantpcomponentpofpemergingpeconomies'pmobilepphonepusagepbecausepmostpp
eoplepinpthesepcountriespcannotpreadporpwrite.
a. True
b. False
ANSWER:p False
14. Criticsparguepthatpopenptradepandpforeignpdirectpinvestmentpalwaysptakepjobspfrompworkerspinpdevelopingpeconomiespa
ndptransferpthemptopworkerspinpadvancedpindustrialpcountriespwhichpleavepthepworkerspinpthepdevelopingpcountry,pout
pofpwork.
a. True
b. False
ANSWER:p False
15. Therepappearsptopbepapclearpconnectionpbetweenpeconomicpfreedompandppoliticalpfreedom.
a. True
b. False
ANSWER:p True
16. BrazilianpJuice,papmanufacturerpofphealthypfruitpjuicespinpBrazil,psellspjuicepinpsixpdifferentpcountriespincludingpUnitedpS
tates.pBrazilianpjuicepispengagingpin
a. economicpdevelopmentpinpUnitedpStates.
b. exercisingpnontariffpbarrierspinpBrazil.
c. unfairptradeppractices.
d. globalization.
e. thepWorldpTradepBankpGroup.
ANSWER:p d
17. WhichpofpthepfollowingpispNOTpapkeypaspectpofpglobalization?
a. Thepeliminationpofpbarriersptoptrade
b. Investment
c. Financialpindependence
d. Culture
e. Informationptechnology
ANSWER:p c
CopyrightpCengagepLearning.pPoweredpbypCognero Pagep3
.