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50. Which of the following reasons contributed to the Great Depression of the 1930s?
51. The 1993 Uruguay Round:
52. Which of the following was a part of the agenda of the Doha Round of talks launched by the WTO?
53. The lowering of trade and investment barriers:
54. 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?
55. 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?
56. Gerald bought his son, David, a computer two years ago. Recently, he decided to buy 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:
57. Richard purchased a computer for $600 in 2014. Compared to the $900 computer that 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 is best explained by:
58. The advent of containerization has:
59. Which of the following is most likely to be observed in today's global economy?
60. Which of the following countries has seen a relative decline in its share of world output between 1960 and
2012?
61. Which of the following statements reflects the changing demographics of the global economy?
62. Which of the following has seen a positive change from 1960 to 2012?
63. Due to the changing economic geography, many of tomorrow's economic opportunities are most likely to
be found in the:
64. Which of the following identifies the motivation for much of the foreign direct investment by non-U.S.
firms?
65. Which of the following refers to the total cumulative value of foreign investments?
66. Silver Fire Electric Inc., a U.S.-based company, has productive activities in more than two countries. As a
result, it would be most appropriate to refer to Silver Fire Electric as what type of enterprise?
67. What are mini-multinationals?
68. Which of the following statements reflects the trend in the changing nature of multinational enterprises?
69. Universal Lingo, a U.K.-based language translation company employing just 65 people worldwide, has an
annual turnover of $1.5 million. In this context, Universal Lingo is most likely to be classified as a(n):
70. Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do
business with former communist nations of East Europe and central Asia?
71. In the past two decades, the majority of Latin American countries have:
72. Which of the following statements reflects the nature of the global economy of the twenty-first century?
73. Which of the following statements is a general implication of globalization?
74. An argument in support of the falling barriers to international trade and investment is that the falling
barriers:
75. "Exporting jobs" to low-wage nations has contributed to:
76. Which of the following has increased in the United States as a result of globalization?
77. Supporters of globalization insist that dislocation in the form of lost jobs is a trade-off that will ultimately
lead to the economy being better off. Which of the following is being justified in this case?
78. Critics of globalization say that exporting jobs to low-wage nations results in higher unemployment and
lower living standards in their home nations. Which of the following statements does NOT support this
argument?
