D080 Pre-Assessment Questions and Answers
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Which negative outcome on political systems comes from
|\ |\ |\ |\ |\ |\ |\ |\
globalization? - CORRECT ANSWERS ✔✔Creation of isolationist
|\ |\ |\ |\ |\ |\ |\
policies
Which factor results in a higher rate of globalization? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Reduced trade barriers |\ |\ |\
What are the four factors in Ghemawat's CAGE analysis? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Culture, administration, geography,
|\ |\ |\ |\ |\
economy
What is a major drawback to the home country when companies
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
outsource manufacturing jobs to countries with lower worker
|\ |\ |\ |\ |\ |\ |\ |\
wages? - CORRECT ANSWERS ✔✔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?
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔The globalization process is at a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disadvantage as the country has a lower standard of living.
|\ |\ |\ |\ |\ |\ |\ |\ |\
What is a characteristic of a market economy? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Firms seek to maximize profi ts.
|\ |\ |\ |\ |\ |\
,Which impact does Islamic law directly have on businesses? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔It forbids charging interest. |\ |\ |\ |\ |\
Which institution helps to maintain availability of global financing
|\ |\ |\ |\ |\ |\ |\ |\
to solve trade deficit issues? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔International Monetary Fund |\ |\
What is the current focus of the World Bank? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Improving quality of life |\ |\ |\ |\
For which concern has the World Trade Organization been
|\ |\ |\ |\ |\ |\ |\ |\ |\
criticized? - CORRECT ANSWERS ✔✔Adoption of labor standards |\ |\ |\ |\ |\ |\ |\ |\
protecting labor rights |\ |\
How is the Special Drawing Right of the International Monetary
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Fund (IMF) valued? - CORRECT ANSWERS ✔✔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. |\ |\ |\ |\ |\ |\
How does this affect global business? - CORRECT ANSWERS ✔✔It
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
leads to developing free trade policies with strategic partners.
|\ |\ |\ |\ |\ |\ |\ |\
A country uses its established technology infrastructure to
|\ |\ |\ |\ |\ |\ |\ |\
produce a good. |\ |\
, What is the impact of this infrastructure on trade? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔It will create barriers to entry for other nations.
|\ |\ |\ |\ |\ |\ |\ |\ |\
What was the economic impact of the North American Free Trade
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Agreement (NAFTA)? - CORRECT ANSWERS ✔✔The shift of jobs
|\ |\ |\ |\ |\ |\ |\ |\ |\
away from low comparative advantage industries
|\ |\ |\ |\ |\
A company that is located in Country A would like to sell products
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in Country B. The government of Country B is pushing for a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
tariff-based international trade agreement on the product.
|\ |\ |\ |\ |\ |\
What is the reasoning behind Country B's decision? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Country B seeks to protect its economy and give it
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the opportunity for long-term expansion.
|\ |\ |\ |\
Countries A and B participate in trade agreements that allow free
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
trade among participant countries. However, Country A imposed
|\ |\ |\ |\ |\ |\ |\ |\ |\
quotas on several imported products to protect its domestic
|\ |\ |\ |\ |\ |\ |\ |\ |\
products.
What is the effect, if any, on the domestic prices of these
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
products? - CORRECT ANSWERS ✔✔Increases |\ |\ |\ |\
Two countries decide to open up trade with each other.
|\ |\ |\ |\ |\ |\ |\ |\ |\
|\ |\ |\ |\
Which negative outcome on political systems comes from
|\ |\ |\ |\ |\ |\ |\ |\
globalization? - CORRECT ANSWERS ✔✔Creation of isolationist
|\ |\ |\ |\ |\ |\ |\
policies
Which factor results in a higher rate of globalization? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Reduced trade barriers |\ |\ |\
What are the four factors in Ghemawat's CAGE analysis? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Culture, administration, geography,
|\ |\ |\ |\ |\
economy
What is a major drawback to the home country when companies
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
outsource manufacturing jobs to countries with lower worker
|\ |\ |\ |\ |\ |\ |\ |\
wages? - CORRECT ANSWERS ✔✔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?
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔The globalization process is at a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disadvantage as the country has a lower standard of living.
|\ |\ |\ |\ |\ |\ |\ |\ |\
What is a characteristic of a market economy? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Firms seek to maximize profi ts.
|\ |\ |\ |\ |\ |\
,Which impact does Islamic law directly have on businesses? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔It forbids charging interest. |\ |\ |\ |\ |\
Which institution helps to maintain availability of global financing
|\ |\ |\ |\ |\ |\ |\ |\
to solve trade deficit issues? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔International Monetary Fund |\ |\
What is the current focus of the World Bank? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Improving quality of life |\ |\ |\ |\
For which concern has the World Trade Organization been
|\ |\ |\ |\ |\ |\ |\ |\ |\
criticized? - CORRECT ANSWERS ✔✔Adoption of labor standards |\ |\ |\ |\ |\ |\ |\ |\
protecting labor rights |\ |\
How is the Special Drawing Right of the International Monetary
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Fund (IMF) valued? - CORRECT ANSWERS ✔✔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. |\ |\ |\ |\ |\ |\
How does this affect global business? - CORRECT ANSWERS ✔✔It
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
leads to developing free trade policies with strategic partners.
|\ |\ |\ |\ |\ |\ |\ |\
A country uses its established technology infrastructure to
|\ |\ |\ |\ |\ |\ |\ |\
produce a good. |\ |\
, What is the impact of this infrastructure on trade? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔It will create barriers to entry for other nations.
|\ |\ |\ |\ |\ |\ |\ |\ |\
What was the economic impact of the North American Free Trade
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Agreement (NAFTA)? - CORRECT ANSWERS ✔✔The shift of jobs
|\ |\ |\ |\ |\ |\ |\ |\ |\
away from low comparative advantage industries
|\ |\ |\ |\ |\
A company that is located in Country A would like to sell products
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in Country B. The government of Country B is pushing for a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
tariff-based international trade agreement on the product.
|\ |\ |\ |\ |\ |\
What is the reasoning behind Country B's decision? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Country B seeks to protect its economy and give it
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the opportunity for long-term expansion.
|\ |\ |\ |\
Countries A and B participate in trade agreements that allow free
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
trade among participant countries. However, Country A imposed
|\ |\ |\ |\ |\ |\ |\ |\ |\
quotas on several imported products to protect its domestic
|\ |\ |\ |\ |\ |\ |\ |\ |\
products.
What is the effect, if any, on the domestic prices of these
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
products? - CORRECT ANSWERS ✔✔Increases |\ |\ |\ |\
Two countries decide to open up trade with each other.
|\ |\ |\ |\ |\ |\ |\ |\ |\
