Edition (Rainer & Prince) | Verified
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,Name: Class: Date:
Chapter 01: The Rise of Globalization
1. With business becoming increasingly global, its success, fortunately, odepends oonly oon othe odomestic oenvironment.
a. True
b. False
ANSWER: o False
2. Key oaspects oof oglobalization oinclude othe oelimination oof obarriers oto otrade oand oinformation otechnology.
a. True
b. False
ANSWER: o True
3. The oworld oeconomy ois oquickly oshifting oaway ofrom ocountries owith oemerging oeconomies.
a. True
b. False
ANSWER: o False
4. The o“soft” oqualities oessential oto oglobalization oinclude oopenness, oprotectionism, oaccountability,
oconnectivity, odemocracy, oand ocentralization.
a. True
b. False
ANSWER: o False
5. A osustainable odecoupling oprocess owould oeventually olead oto oa omulti-polar oworld—a oworld oeconomy oin
owhich othe oengines oof ogrowth ocould ocomprise othe oUnited oStates, othe oEuropean oUnion, oChina, oIndia,
oBrazil, oRussia, oand oSouth oAfrica orather othan othe oUnited oStates oalone.
a. True
b. False
ANSWER: o True
6. The oopenness oand oproliferation oof oglobalization oand ofree otrade orules ocan obest obe oattributed oto othe
ointerwar operiod obetween oWorld oWar oI oand oII.
a. True
b. False
ANSWER: o False
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Chapter 01: The Rise of Globalization
7. As opart oof othe oWorld oBank’s oStrategic oFramework, othere oare ofive ofocus oareas othat oaccommodate oand
ofacilitate othe oglobalization oprocess oincluding oits oanalytical oand oadvisory orole osupporting onational opolicies oto
ostrengthen ofree omarket oinstitutions oand oinfrastructure othat ohas oprovided othe opotential ofor ocreating olarge
ogains ofrom otrade.
a. True
b. False
ANSWER: o True
8. For othe oWorld oTrade oOrganization, oincreasing otrade obarriers ohas obeen oone oof othe omost osimple oways oto
oencourage otrade oand oglobalization.
a. True
b. False
ANSWER: o False
9. The ofoundations oof othe oglobalized obusiness oworld oare opolitical—and oso oare othe obiggest othreats oto othe
osystem.
a. True
b. False
ANSWER: o True
10. Countries othat ohave osuccessfully oadapted oto oglobalization orealize othat othey ocannot osucceed owithout
ohigh-quality ogovernment omanagement oat ohome.
a. True
b. False
ANSWER: o True
11. In ocommunist oand ostate-controlled oeconomies olike othose oin oCentral oAsia oproperty orights oeither odo onot
oexist oor oare onot owell odefined owhich odiscourages odomestic oand oforeign oinvestors ofrom omaking olong-term
ocommitments oin othese ocountries.
a. True
b. False
ANSWER: o True
12. Globalized oeconomies olike oNew oZealand oand oSingapore orank oat othe otop oin oindex ofor oabsence oof
ocorruption oby oTransparency oInternational.
a. True
b. False
ANSWER: o True
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Chapter 01: The Rise of Globalization
13. Text omessaging owill olikely obe oan ounimportant ocomponent oof oemerging oeconomies' omobile ophone ousage
obecause omost opeople oin othese ocountries ocannot oread oor owrite.
a. True
b. False
ANSWER: o False
14. Critics oargue othat oopen otrade oand oforeign odirect oinvestment oalways otake ojobs ofrom oworkers oin odeveloping
oeconomies oand otransfer othem oto oworkers oin oadvanced oindustrial ocountries owhich oleave othe oworkers oin othe
odeveloping ocountry, oout oof owork.
a. True
b. False
ANSWER: o False
15. There oappears oto obe oa oclear oconnection obetween oeconomic ofreedom oand opolitical ofreedom.
a. True
b. False
ANSWER: o True
16. Brazilian oJuice, oa omanufacturer oof ohealthyofruit ojuices oin oBrazil, osells ojuice oin osix odifferent ocountries oincluding
oUnited oStates. oBrazilian ojuice ois oengaging oin
a. economic odevelopment oin oUnited oStates.
b. exercising onontariff obarriers oin oBrazil.
c. unfair otrade opractices.
d. globalization.
e. the oWorld oTrade oBank oGroup.
ANSWER: o d
17. Which oof othe ofollowing ois oNOT oa okey oaspect oof oglobalization?
a. The oelimination oof obarriers oto otrade
b. Investment
c. Financial oindependence
d. Culture
e. Information otechnology
ANSWER: o c
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