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Test Bank for International Economics, 18th Edition by Robert Carbaugh

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Test Bank for International Economics 18e 18th Edition by Robert Carbaugh. ISBN-13: 8915 Full Chapters test bank included Chapter 1: The International Economy and Globalization 1-1 Globalization of Economic Activity 1-2 Waves of Globalization 1-3 The United States as an Open Economy 1-4 C...

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Document information

  • October 2, 2022
  • 976
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • international
  • economics
  • 18e
  • 18th
  • edition
  • robert
  • carbaugh
  • tests
  • multiple choice
  • mcqs
  • quizzes
  • true false
  • exam practice
  • test bank
  • practice quizzes

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  • MGMT
  • MGMT

2  reviews

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By: adeyemi3105 • 6 months ago

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By: acsbrspring1 • 1 year ago

the answers are right below the questions. making it hard to do it without accidentally seeing the answer

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Content preview

Chapter 01: The International Economy and Globalization
1. Which of the following is a dimension of integration into the world economy?
a. Fair labor standards.
b. Flexible exchange rates.
c. Decreased foreign competition.
d. Dependence on imported materials.
ANSWER: d
FEEDBACK: a.
b.
c.
d. Integration involves several dimensions, including the dependence on imported
materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: - Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains from trade, specialization, and trade
TOPICS: The United States as an Open Economy
KEYWORDS: BLOOM'S: Understand

2. Which of the following is a disadvantage of globalization?
a. Living standards can increase more rapidly.
b. Global competition and cheap imports keep a constraint on prices.
c. Easier access to foreign investment and low interest rates.
d. Companies building state-of-the-art factories in low-wage countries.
ANSWER: d
FEEDBACK: a.
b.
c.
d. American employees can lose their competitiveness when companies build
state-of-the-art factories in low-wage countries, making them as productive as
those in the United States.
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: - Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains from trade, specialization, and trade
TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Remember

3. Which statement about globalization is true?
a. It has led to more quotas on trade around the world.
b. It is a purely economic term used to describe interrelated global markets.

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