Exam (elaborations)
WGU D080 Objective Assessment 2023 Questions and Answers (100% Verified Answers by Expert)
- Course
- Institution
WGU D080 Objective Assessment 2023 Questions and Answers (100% Verified Answers by Expert)
[Show more]
Content preview
WGU D080 Objective Assessment 2023 Questions and Answers(Verified Answers)
1.Which negative outcome on political systems comes from globalization?- ANS
: Creation of isolationist policies
2.Which factor results in a higher rate of globalization ANS Reduced
trade bar- riers
3.What are the four factors in Ghemawat's CAGE analysis ANS Culture,
admin- istration, geography, economy
4.What is a major drawback to the home country when companies
outsource manufacturing jobs to countries with lower worker wages ANS
Loss of manufac- turing jobs
5.A country has a characteristic traditional economic system with
poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization ANS The globalization process is at a disadvantage as the country has a lower standard of living.
6.What is a characteristic of a market economy ANS Firms seek to maximize profi ts.
7.Which impact does Islamic law directly have on businesses ANS It forbids charging interest.
8.Which institution helps to maintain availability of global financing to solve trade deficit issues ANS International Monetary Fund
9.What is the current focus of the World Bank ANS Improving quality of life
10.For which concern has the World Trade Organization been criticized ANS -
Adoption of labor standards protecting labor rights
11.How is the Special Drawing Right of the International Monetary Fund (IMF) valued ANS It is based on the value of the five most significant members' currencies.
12.Two countries agree to open their borders to international business transactions with one another without tariffs.
How does this affect global business ANS It leads to developing free trade policies with strategic partners.
13.A country uses its established technology infrastructure to produce a good. What is the impact of this infrastructure on trade ANS It will create barriers to entry for other nations.
14.What was the economic impact of the North American Free Trade Agree- ment (NAFTA) ANS The shift of jobs away from low comparative advantage industries
15.A company that is located in Country A would like to sell products in Country B. The government of Country B is pushing for a tariff-
based international trade agreement on the product.
What is the reasoning behind Country B's decision ANS Country B seeks to protect its economy and give it the opportunity for long-
term expansion.
16.Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several imported products to protect its domestic products.
What is the effect, if any, on the domestic prices of these products ANS Increases
17.Two countries decide to open up trade with each other.
What is likely to happen when trade opens up ANS Jobs will increase in
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectJohn. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
