Globalization Question Paper
Chapter 01
Globalization
T/F Q
2. The shift toward a more integrated and interdependent world economy is referred to as globalization.
True False
7. Because of their nature, service activities cannot be outsourced to other companies.
True False
14. During the period 1990 - 2000, the volume of total exports was more than twice the world GDP.
True False
28. The antiglobalization effort is created and supported only by a small group of hard-core anarchists.
True False
33. According to supporters of free trade, as countries get richer they enact tougher environmental and labor regulations.
True False
Multiple Choice Questions
41. Which of the following is not characteristic of globalization?
A. National economies are turning …show more content…
This theory, advanced by the 19th-century English economist David Ricardo, forms the intellectual basis of the modern argument for unrestricted free trade.
A. Heckscher-Ohlin
B. Mercantilism
C. Comparative advantage
D. Absolute advantage
46. Which of the following is an assumption of the Heckscher-Ohlin theory?
A. Countries have varying endowments of the various factors of production
B. Gold and silver were the mainstays of national wealth and essential to vigorous commerce
C. It is in a country's best interests to maintain a trade surplus
D. Trade is a zero-sum game
49. The theory of _____, developed by Michael Porter, focuses on the importance of country factors, in addition to factor endowments, such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
A. new trade
B. absolute advantage
C. comparative advantage
D. national competitive advantage
50. The theory of _____ makes a crude case for government involvement in promoting exports and limiting imports.
A. mercantilism
B. free trade
C. absolute advantage
D. comparative
Globalization
T/F Q
2. The shift toward a more integrated and interdependent world economy is referred to as globalization.
True False
7. Because of their nature, service activities cannot be outsourced to other companies.
True False
14. During the period 1990 - 2000, the volume of total exports was more than twice the world GDP.
True False
28. The antiglobalization effort is created and supported only by a small group of hard-core anarchists.
True False
33. According to supporters of free trade, as countries get richer they enact tougher environmental and labor regulations.
True False
Multiple Choice Questions
41. Which of the following is not characteristic of globalization?
A. National economies are turning …show more content…
This theory, advanced by the 19th-century English economist David Ricardo, forms the intellectual basis of the modern argument for unrestricted free trade.
A. Heckscher-Ohlin
B. Mercantilism
C. Comparative advantage
D. Absolute advantage
46. Which of the following is an assumption of the Heckscher-Ohlin theory?
A. Countries have varying endowments of the various factors of production
B. Gold and silver were the mainstays of national wealth and essential to vigorous commerce
C. It is in a country's best interests to maintain a trade surplus
D. Trade is a zero-sum game
49. The theory of _____, developed by Michael Porter, focuses on the importance of country factors, in addition to factor endowments, such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
A. new trade
B. absolute advantage
C. comparative advantage
D. national competitive advantage
50. The theory of _____ makes a crude case for government involvement in promoting exports and limiting imports.
A. mercantilism
B. free trade
C. absolute advantage
D. comparative