81. Which of the following is a benefit of lowering the barriers to international trade?
82. Which of the following has been declining in the developing nations of the world such as
China, India, Russia, Indonesia, Thailand, South Korea, Mexico, and Brazil ?
83. While the lowering of trade barriers made globalization of markets and production a
theoretical possibility, which of the following has made it a tangible reality?
84. Gerald gifted his son, David, a computer two years ago. Recently, he decided to gift his
daughter, Julian, a computer of her own. In the context of the two year gap between the purchase
of both the computers and Moore’s law, it is most likely that:
85. Development of the microprocessor is most likely to be considered the single most
important innovation in technology because:
86. _____ predicts that the power of microprocessor technology doubles and the cost of
production falls every 18 months.
87. Richard has recently purchased a computer for $600. Compared to the $900 computer
which he had purchased way back in 2010, the new one seems to be more efficient in terms of
the price he has paid and the power of the microprocessor technology. This phenomenon is best
explained by:
88. Which of the following statements is true about the Internet and World Wide Web?
89. The advent of containerization has:
90. Which of the following has been detrimental to the globalization of markets and
production?
91. Since 1980, the world’s containership fleet has more than quadrupled, reflecting in part
the:
92. The _____ has been a major force facilitating international trade in services.
93. Which of the following statements is true about the implications of technological
innovations for the globalization of markets?
94. Which of the following is most likely to be observed in today’s global economy?
95. _____ was the world’s most dominant industrial power in the early 1960s.
96. Which of the following countries has seen a relative decline in its share of world output
between 1960 and 2010?
97. Which of the following statements is true about the changing demographics of the global
economy?
98. Which of the following has seen a positive change from 1960 to 2010?
99. In the context of the changing demographics of the global economy, which of the
following has seen a decline?
100. Due to the changing economic geography, many of tomorrow’s economic opportunities
are most likely to be found in the: