Question 1

Define the term "foreign direct investment (FDI)." How does the term "foreign direct investment" differ from the term "international trade?"

Accepted Answer

Foreign direct investment occurs when a ...

Question 2

Since the 1960s,what has been a notable trend regarding multinational enterprises?

Accepted Answer

A)   the decline of the multinational enterprise
B)   the decline of the Canadian multinational enterprise
C)   the rise of non-U.S. multinationals
D)   the decline of the Japanese multinational enterprise
E)   the rise of U.S. multinationals

Question 3

One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as Canada.The basic thrust of the critics' argument is:

Accepted Answer

A)   developing nations will recruit employees from the more advanced economies, thereby depleting their labour pools
B)   globalization increases the pace of the shift from a world economy based on manufactured goods to a world economy based on services
C)   falling trade barriers allows firms to move their manufacturing activities offshore to countries where wage rates are much lower
D)   the governments of developing countries will heavily subsidize their primary industries, making competing products produced in advanced economies less attractive
E)   Canadian workers are overpaid and the true value of a manufacturing job is much lower

Question 4

The acronym GATT stands for:

Accepted Answer

A)   Global Agreement on Taxation and Tariffs
B)   Global Association of Technology and Trade
C)   General Agreement on Taxation and Trademarks
D)   General Agreement on Tariffs and Trade
E)   General Accord of Transportation and Trade

Question 5

Describe the two main facets of globalization.Explain how each of these components of globalization has helped create the shift towards a more integrated world economy.

Accepted Answer

The two main components of globalization...

Question 6

It is commonly believed that globalization stimulates economic growth,creates jobs,and raises income levels.

Accepted Answer

A) True 
 B)False

Question 7

Under the umbrella of GATT there have been eight rounds of negotiations among member states.The _______ was the most recent round of negotiations.

Accepted Answer

A)   Uruguay Round
B)   Malaysian Symposium
C)   German Round
D)   New Zealand Symposium
E)   Cancun Round

Question 8

Iceculture Inc.,of Ontario employs 40 people and exports around the world.It would be considered

Accepted Answer

A)   a multinational company.
B)   a transnational company.
C)   a cross-border national company.
D)   a mini-multinational.
E)   a U.S. dominated company.

Question 9

The global economy is moving progressively towards a world in which national economies are relatively isolated from each other.

Accepted Answer

A) True 
 B)False

Question 10

The Tim Hortons case study is an example of what?

Accepted Answer

A)   how easily Canadian firms can enter the US market
B)   the similarity of Canadian and US consumer tastes
C)   Canadian firms buying up US firms
D)   protests against globalization
E)   the difficulty of Canadian firms expanding internationally

Question 11

Describe the meaning of the term "trade barriers"? What measures have been taken by the world community to reduce the impact of trade barriers on international trade?

Accepted Answer

Trade barriers are the regulations,tarif...

Question 12

According to our textbook,e-commerce retail sales are expected to reach _____ by 2018 in the United states alone.

Accepted Answer

A)   $1 billion
B)   $50 billion
C)   $500 billion
D)   $750 billion
E)   $1 trillion

Question 13

Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world,this activity is confined primarily to large firms.

Accepted Answer

A) True 
 B)False

Question 14

Critics use the following argument to suggest that globalization is a contributing factor to an increase in pollution.

Accepted Answer

A)   globalization results in an increase in the amount of activity that takes place in companies that do not have adequate pollution controls
B)   globalization results in increased commerce between countries, which results in an increase in the amount of transportation activity (e.g. trains, barges, air cargo, trucks, etc.) 
C)   firms that operate in countries that have adequate pollution regulations have a tendency to move their manufacturing operations to countries that have less stringent or no pollution controls to avoid the cost of regulation
D)   globalization results in increased production, which has the undesirable side-effect of increased pollution
E)   people in developing countries are used to coping with more pollution

Question 15

Currently most global markets are markets for consumer goods.

Accepted Answer

A) True 
 B)False

Question 16

Country competitiveness is not something that is permanent or fixed.The dominant features of the global economy are the rapid changes relative economic and competitive status of different countries.Canada is not immune to these changes.We have seen our total share of the global economy decrease and the loss of many industries.The anti-globalization movement has been active in Canada.In particular they have been critical of multinational corporate power and argued against global and regional agreements on economic growth and the lowering of trade barriers.Others feel that globalization is inevitable and contributes to the well being of people around the world.
a.Consider the overall impact of globalization on Canada from the perspective of a software developer-has it been positive or negative? 
b.What kinds of strategies could a Canadian developer of software employ to reduce the negative impacts and take advantage of the positive aspects?

Accepted Answer

There are many advantages of globalizati...

Question 17

Because of the global presence of widely accepted products like McDonalds,Coca-Cola,and Apple's iPod,national markets are disappearing.

Accepted Answer

A) True 
 B)False

Question 18

Although this organization is perhaps best known for its peacekeeping role,one of its central mandates is the promotion of higher standards of living,full employment,and conditions of economic and social progress and development.What is it called?

Accepted Answer

A)   World Bank
B)   GATT
C)   United Nations
D)   Canada's Export Development Corporation
E)   Bank of Canada

Question 19

If we look into the future,most forecasts now predict a __________ in world output accounted for by developing nations such as China,India,Indonesia,and South Korea,and a __________ in the share enjoyed by rich industrialized countries such as Britain,Japan,and the United States.

Accepted Answer

A)   rapid rise; rapid decline
B)   slight rise; slight decline
C)   rapid decline; rapid rise
D)   rapid rise; slight decline
E)   stay the same; slight decline

Question 20

Many of tomorrow's economic opportunities may be found in the developing nations of the world.

Accepted Answer

A) True 
 B)False

Exam 1: Globalization

According to our textbook,e-commerce retail sales are expected to reach _____ by 2018 in the United states alone.

Correct Answer
verified

Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world,this activity is confined primarily to large firms.

Correct Answer
verified

Iceculture Inc.,of Ontario employs 40 people and exports around the world.It would be considered

Correct Answer
verified

One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as Canada.The basic thrust of the critics' argument is:

Correct Answer
verified

If we look into the future,most forecasts now predict a in world output accounted for by developing nations such as China,India,Indonesia,and South Korea,and a in the share enjoyed by rich industrialized countries such as Britain,Japan,and the United States.

Correct Answer
verified

The acronym GATT stands for:

Correct Answer
verified

Currently most global markets are markets for consumer goods.

Correct Answer
verified

Correct Answer
verified
There are many advantages of globalizati...
View Answer

Since the 1960s,what has been a notable trend regarding multinational enterprises?

Correct Answer
verified

Although this organization is perhaps best known for its peacekeeping role,one of its central mandates is the promotion of higher standards of living,full employment,and conditions of economic and social progress and development.What is it called?

Correct Answer
verified

Describe the meaning of the term "trade barriers"? What measures have been taken by the world community to reduce the impact of trade barriers on international trade?

Correct Answer
verified
Trade barriers are the regulations,tarif...
View Answer

The Tim Hortons case study is an example of what?

Correct Answer
verified

Describe the two main facets of globalization.Explain how each of these components of globalization has helped create the shift towards a more integrated world economy.

Correct Answer
verified
The two main components of globalization...
View Answer

Many of tomorrow's economic opportunities may be found in the developing nations of the world.

Correct Answer
verified

Critics use the following argument to suggest that globalization is a contributing factor to an increase in pollution.

Correct Answer
verified

The global economy is moving progressively towards a world in which national economies are relatively isolated from each other.

Correct Answer
verified

Because of the global presence of widely accepted products like McDonalds,Coca-Cola,and Apple's iPod,national markets are disappearing.

Correct Answer
verified

Define the term "foreign direct investment (FDI)." How does the term "foreign direct investment" differ from the term "international trade?"

Correct Answer
verified
Foreign direct investment occurs when a ...
View Answer

Under the umbrella of GATT there have been eight rounds of negotiations among member states.The _______ was the most recent round of negotiations.

Correct Answer
verified

It is commonly believed that globalization stimulates economic growth,creates jobs,and raises income levels.

Correct Answer
verified

Exam 1: Globalization

According to our textbook,e-commerce retail sales are expected to reach _____ by 2018 in the United states alone.

Correct AnswerverifiedShow Answer

Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world,this activity is confined primarily to large firms.

Correct AnswerverifiedShow Answer

Iceculture Inc.,of Ontario employs 40 people and exports around the world.It would be considered

Correct AnswerverifiedShow Answer

One frequently voiced concern about globalization is that it destroys manufacturing jobs in wealthy advanced economies such as Canada.The basic thrust of the critics' argument is:

Correct AnswerverifiedShow Answer

If we look into the future,most forecasts now predict a __________ in world output accounted for by developing nations such as China,India,Indonesia,and South Korea,and a __________ in the share enjoyed by rich industrialized countries such as Britain,Japan,and the United States.

Correct AnswerverifiedShow Answer

The acronym GATT stands for:

Correct AnswerverifiedShow Answer

Currently most global markets are markets for consumer goods.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThere are many advantages of globalizati...View AnswerShow Answer

Since the 1960s,what has been a notable trend regarding multinational enterprises?

Correct AnswerverifiedShow Answer

Although this organization is perhaps best known for its peacekeeping role,one of its central mandates is the promotion of higher standards of living,full employment,and conditions of economic and social progress and development.What is it called?

Correct AnswerverifiedShow Answer

Describe the meaning of the term "trade barriers"? What measures have been taken by the world community to reduce the impact of trade barriers on international trade?

Correct AnswerverifiedTrade barriers are the regulations,tarif...View AnswerShow Answer

The Tim Hortons case study is an example of what?

Correct AnswerverifiedShow Answer

Describe the two main facets of globalization.Explain how each of these components of globalization has helped create the shift towards a more integrated world economy.

Correct AnswerverifiedThe two main components of globalization...View AnswerShow Answer

Many of tomorrow's economic opportunities may be found in the developing nations of the world.

Correct AnswerverifiedShow Answer

Critics use the following argument to suggest that globalization is a contributing factor to an increase in pollution.

Correct AnswerverifiedShow Answer

The global economy is moving progressively towards a world in which national economies are relatively isolated from each other.

Correct AnswerverifiedShow Answer

Because of the global presence of widely accepted products like McDonalds,Coca-Cola,and Apple's iPod,national markets are disappearing.

Correct AnswerverifiedShow Answer

Define the term "foreign direct investment (FDI)." How does the term "foreign direct investment" differ from the term "international trade?"

Correct AnswerverifiedForeign direct investment occurs when a ...View AnswerShow Answer

Under the umbrella of GATT there have been eight rounds of negotiations among member states.The _______ was the most recent round of negotiations.

Correct AnswerverifiedShow Answer

It is commonly believed that globalization stimulates economic growth,creates jobs,and raises income levels.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

If we look into the future,most forecasts now predict a in world output accounted for by developing nations such as China,India,Indonesia,and South Korea,and a in the share enjoyed by rich industrialized countries such as Britain,Japan,and the United States.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
There are many advantages of globalizati...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Trade barriers are the regulations,tarif...
View Answer

Correct Answer
verified

Correct Answer
verified
The two main components of globalization...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Foreign direct investment occurs when a ...
View Answer

Correct Answer
verified

Correct Answer
verified