Module Quizes Questions and Answers (Verified Questions)
1. 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 . *: Political globalization
2. 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 .: Economic globalization
3. 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?: Govern-ment
driver
4. Which anti-globalization argument has been pushing Nike to improve its
factory management on workers' rights in the factories located in Indonesiaand
Vietnam?: Unethical practices of labor such as sweatshops
5. Which factor of CAGE analysis addresses differences in country's GDP levelthat
affect trade?: Economics
,6. 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: Because France and Germany have administrationsimilarity on
free trade agreement
7. Which of the following legal system usually is observed in an area without
strong justice system?: Customary law
8. Under the COVID19 pandemic, a lot of individuals and small businesses are
significantly impacted and have been struggling.The U.S. government hasissued 2
rounds of stimulus checks and offered small business forgiveness loans to
support this group.This reflects .: Formation of international
organizations
9. Which legal system is based on tradition and precedent given that judicial
rulings can stand as precedents for future cases?: Traditional economy
10. Which factor results in a faster development of globalization?: Mixed econ-omy
11. Which type of economy contains a low standard of living, no surplus, and
usually is observed in under-developed areas of the world?: Common lawsystem
12. What is a characteristic of the International Monetary Fund (IMF)?: The IMF
provides financial assistance to member nations with trade deficit issues.
13. What is a goal of the World Bank?: Help countries fight poverty and improve life
quality
, 14. Citizens in an African country complain that a requirement from an in-
ternational 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?: The World Bank
15. T & M Computers is conducting international business operation in world
areas, which have recently undergone financial turmoil. Of the following, which
organization is most likely to provide assistance in providing global financial
stability?: The International Monetary Fund
16. A newly elected leader has promised to improve the country's highways and
airports so that it can attract more foreign businesses to invest there. Which of
the following institution can help this country with the project?: TheWorld Bank
17. Which of the following is the WTO criticized for?: The transparency require-ment
has hurt member nations' sovereignty
18. Which of the following would a mercantilist value the most?: A trade surplus
19. Brazil has better soil and climatic conditions and they can produce coffee
beans cheaper than the United States.This reflects of Brazil: Ab-
solute advantage
20. The U.S. government plans to use a 25% tariff on tires imported from China.This
will result in .: Decreased consumer benefits
21. Free trade could result in : Creation of sweat shops in
countries with cheap labor