Question 1

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

Accepted Answer

A)   "Free rider problem"
B)   "Tragedy of the commons"
C)   "Race to the bottom"
D)   "Flag of convenience"
E)   "Enlightened self-interest"F) A) and E)
G) C) and D)

Question 2

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Accepted Answer

A)   6.4
B)   5.0
C)   3.5
D)   7.8
E)   2.9F) B) and E)
G) A) and E)

Question 3

India is one of the countries that did not participate in the process of globalization.

Accepted Answer

A) True 
 B)False

Question 4

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

Accepted Answer

A)   nobody ever wants to invest in a country that just suffered a devaluation
B)   many local firms took foreign loans (denominated in, say, dollars) , and they cannot repay them at the new exchange rate
C)   the WTO forces troubled firms to show profits or make way for new, more efficient firms
D)   local firms cannot compete with their foreign competitors at the new prices after the devaluation
E)   many local firms do not know how to deal with the complicated financial operations involved in a speculative attackF) B) and D)
G) B) and E)

Question 5

Globalization can be defined as:

Accepted Answer

A)   the attitude or policy of placing the interests of the entire world above those of individual nations.
B)   viewing the entire world as a proper sphere for one nation to project political influence.
C)   a period in history that has witnessed a dramatic change in world political thought and the balance of power.
D)   an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals.
E)   a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.F) D) and E)
G) B) and D)

Exam 18: Globalization

Globalization can be defined as:

Correct Answer
verified

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

Correct Answer
verified

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

Correct Answer
verified

India is one of the countries that did not participate in the process of globalization.

Correct Answer
verified

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Correct Answer
verified

Exam 18: Globalization

Globalization can be defined as:

Correct AnswerverifiedShow Answer

After a speculative attack has been successful, and a country is forced to devalue its currency, it is common to see many local business firms driven to bankruptcy. This most commonly occurs because _____.

Correct AnswerverifiedShow Answer

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.

Correct AnswerverifiedShow Answer

India is one of the countries that did not participate in the process of globalization.

Correct AnswerverifiedShow Answer

Average growth of per capita GDP of the post-1980 globalizers increased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified