Midterm 1 Exam Questions With Correct
Answers
Declining trade barriers - CORRECT ANSWER✔✔-better ability to sell overseas
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Declining investment barriers for producers means... - CORRECT ANSWER✔✔-
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better ability to produce overseas
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Enhanced communication technologies - CORRECT ANSWER✔✔-better ability to
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control overseas operations
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Enhanced transportation technologies - CORRECT ANSWER✔✔-lowered distance
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between countries
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Producers Arguments for
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Globalization - CORRECT ANSWER✔✔-more markets to sell in
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Producers Arguments against
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Globalization - CORRECT ANSWER✔✔-can go bankrupt due to competition
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Environment Arguments for | | |
Globalization - CORRECT ANSWER✔✔-Hardly any
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, Environment Arguments against
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Globalization - CORRECT ANSWER✔✔-Lack of adequate regulations
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Consumers Arguments for
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Globalization - CORRECT ANSWER✔✔-More products to choose from
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Consumers Arguments against
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Globalization - CORRECT ANSWER✔✔-Don't know how products are produced
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Workers Arguments for
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Globalization - CORRECT ANSWER✔✔-Development of better skills
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Workers Arguments against
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Globalization - CORRECT ANSWER✔✔-Loss of jobs due to competition
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Political Systems- USA - CORRECT ANSWER✔✔-Representative Democracy
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Political Systems- France - CORRECT ANSWER✔✔-Democratic Socialism
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Political Systems-Zimbabwe - CORRECT ANSWER✔✔-Tribal Totalitarianism
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Political Systems- Italy in the 1930s - CORRECT ANSWER✔✔-Right-Wing
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Totalitarianism