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______. * ANS✔✔ 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_________. ANS✔✔ 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? ANS✔✔ 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?
ANS✔✔ Unethical practices of labor such as sweatshops
Which factor of CAGE analysis addresses differences in country's GDP level that
affect trade? ANS✔✔ 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 ANS✔✔ 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? ANS✔✔ 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______. ANS✔✔ Formation of international organizations
Which legal system is based on tradition and precedent given that judicial rulings
can stand as precedents for future cases? ANS✔✔ Traditional economy
Which factor results in a faster development of globalization? ANS✔✔ 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? ANS✔✔ Common law system
What is a characteristic of the International Monetary Fund (IMF)? ANS✔✔ The IMF
provides financial assistance to member nations with trade deficit issues.
What is a goal of the World Bank? ANS✔✔ 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?
ANS✔✔ The World Bank
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? ANS✔✔ The International Monetary Fund
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