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Nowadays, countries have joined different international organizations as
well as regional organizations and have signed agreements to follow the
organization's rules. This is due to______. * - 🧠ANSWER ✔✔Political
globalization
General Motor in recent years have gradually moved its production facilities
to Mexico and have lowered the production cost significantly. This is a
benefit brought by_________. - 🧠ANSWER ✔✔Economic globalization
Over many years, the Ireland government has made a consistent policy to
maintain a low corporate income tax rate for businesses. This has greatly
attracted the foreign direct investment to Ireland and promoted
globalization. Which of the following globalization driver is related to the
scenario? - 🧠ANSWER ✔✔Government driver
,Which anti-globalization argument has been pushing Nike to improve its
factory management on workers' rights in the factories located in Indonesia
and Vietnam? - 🧠ANSWER ✔✔Unethical practices of labor such as
sweatshops
Which factor of CAGE analysis addresses differences in country's GDP
level that affect trade? - 🧠ANSWER ✔✔Economics
Both being the member countries of the EU and the Euro zone, Germany
and France have been each other's important trading partners. Why it's
easy for them to trade with each other - 🧠ANSWER ✔✔Because France
and Germany have administration similarity on free trade agreement
Which of the following legal system usually is observed in an area without
strong justice system? - 🧠ANSWER ✔✔Customary law
Under the COVID19 pandemic, a lot of individuals and small businesses
are significantly impacted and have been struggling. The U.S. government
has issued 2 rounds of stimulus checks and offered small business
forgiveness loans to support this group. This reflects______. - 🧠ANSWER
✔✔Formation of international organizations
, Which legal system is based on tradition and precedent given that judicial
rulings can stand as precedents for future cases? - 🧠ANSWER
✔✔Traditional economy
Which factor results in a faster development of globalization? - 🧠ANSWER
✔✔Mixed economy
Which type of economy contains a low standard of living, no surplus, and
usually is observed in under-developed areas of the world? - 🧠ANSWER
✔✔Common law system
What is a characteristic of the International Monetary Fund (IMF)? -
🧠ANSWER ✔✔The IMF provides financial assistance to member nations
with trade deficit issues.
What is a goal of the World Bank? - 🧠ANSWER ✔✔Help countries fight
poverty and improve life quality
Citizens in an African country complain that a requirement from an
international institution to cut their government expenditure on the funded
healthcare program due to the loans the nation gets from that institution
has significantly reduced their social benefits. This is related to which of the
following international institution? - 🧠ANSWER ✔✔The World Bank
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