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The Cold War hampered globalization because it created a political barrier between coun

The Cold War

a.hampered globalization because it created a political barrier between countries which reduced the likelihood that those countries would engage in trade with one another.

b.enhanced globalization because it helped to encourage countries to engage in trade with one another.

c.ended with the building of the Berlin Wall in the early 1960s.

d.a and c

 

 

 

12.Between 1980 and 2000, income per person in India

a.doubled.

b.tripled.

c.quadrupled.

d.decreased by 25 percent.

 

 

 

13.Between 1940 and 2000, income per person in China

a.doubled.

b.tripled.

c.quadrupled.

d.decreased by 5 percent.

 

 

 

14.Economist David Friedman has compared free international trade to

a.the Holocaust.

b.the Cold War.

c.a technology.

d.a revolution.

 

 

 

15.Between 1977 and 2004, the inflation-adjusted prices for an array of goods traded between countries __________ while the inflation-adjusted prices for an array of goods not traded between countries

a.fell; increased.

b.rose; increased as well.

c.fell; decreased as well.

d.rose; decreased.

 

 

 

16.One study from the United Kingdom (cited in the textbook) showed that almost ______ times as many firms that faced global competition reported innovations in product or process compared to firms that did not face global competition.

a.three

b.six

c.nine

d.twelve

 

 

 

17.Economists are fairly confident that globalization leads to a(n) _____________ standard of living based on their comparisons of countries with __________________ characteristics.

a.increased; similar

b.increased; very few similar

c.decreased; similar

d.decreased; very few similar

 

 

 

18.North Korea has ____________ the process of globalization, while South Korea has _______________ it.  A likely result of this is that South Koreans have a much ______________ standard of living than North Koreans.

a.embraced; avoided; higher

b.embraced; avoided; lower

c.avoided; embraced; lower

d.avoided; embraced; higher

 

 

 

19._______________ is the practice of hiring people in other countries to do a job that was once done domestically.

a.Offshoring

b.Onshoring

c.Insourcing

d.Megasourcing

 

 

 

20.In 2000, the top 100 transnational companies produced about _____________ percent of the entire world’s output.

a.2.1

b.4.3

c.10.5

d.22.1

 

Dec 08 2019 View more View Less

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