EXAM 2: MKTG 445 Global Marketing (100% Errorless Answers)

Which of the following explains why the World Trade Organization (WTO) might be seen as a threat to individual national sovereignty? A. The WTO is known for creating protectionist policies. B. Membership in the WTO requires adopting laws and policies created "outside" the individual nation. C. The WTO is not concerned with the economic development of individual countries. D. The WTO makes all decisions by consensus of its members. E. The WTO encourages more control by individual member governments over trade-related issues. correct answers B. Membership in the WTO requires adopting laws and policies created "outside" the individual nation. Which of the following is the most common category of political risk? A. Political turmoil B. Literacy rate C. Government confiscation D. Corruption E. Bureaucracy correct answers D. Corruption A country might be willing to cede some of its sovereignty for ________. A. improved political culture B. increased government mandates C. more voting power at the World Trade Organization D. protectionist policies E. increased national income from increased world trade correct answers E. increased national income