41. Which of the following has reduced as a result of globalization?
42. _____ refers to the shift toward a more integrated and interdependent world economy.
43. Which of the following statements is true regarding the globalization of markets?
44. Automobile companies promote different car models in different countries depending on
a range of factors such as demographics, local taste, local fuel costs, income levels, traffic
congestion, and cultural values. This most likely demonstrates that:
45. Which of the following is most likely to be the best suited product for a global market?
46. Which of the following statements best supports the claim that greater uniformity
replaces diversity in the context of global markets?
47. Globalization results in a greater degree of _____ across markets than would be present
otherwise.
48. The _____ refers to the sourcing of goods and services from locations around the globe to
take advantage of national differences in the cost and quality of factors such as labor, energy,
land, and capital.
49. Which of the following best illustrates the globalization of production?
50. West Electronic Corporation sources goods and services for its electronics products from
different locations around the globe in an attempt to take advantage of differences in the cost
and quality of labor and land. This practice demonstrates the:
51. Which of the following statements is most likely to be true of outsourcing?
52. A software company uses engineers in India to perform maintenance functions on
software designed in the United States, and it also uses Indian accountants to compile tax
returns. According to this information, the U.S. based company is most likely using:
53. Early outsourcing efforts were primarily confined to _____.
54. Which of the following reasons has made outsourcing of service activities to low-cost
producers in other nations possible?
55. _____ is an international treaty that committed signatories to lowering barriers to the free
flow of goods across national borders and is the predecessor to the World Trade Organization.
56. The globalization of production mainly occurs due to the:
57. The World Bank was primarily created in 1944 to:
58. In 1944, the IMF was established to:
59. Which of the following is an argument put forth by critics of the IMF?
60. The _____ was established in 1945 by 51 countries committed to preserving peace
through international cooperation and collective security.