wgu global business FVC1 assessment 2 - Which of the...

Which of the following
is a characteristic of
globalization?
A. Tax Law
B. Trade Negotiations
C. Culture
D. Transparency
Answer:
C
How do major
international institutions
facilitate globalization?
B

D. By enacting stringent
labor laws
E. By weakening their
currencies
What do countries with
politicians that sustain
transparency in global
competition tend to have?
B. A slow free enteprise
C
system
C. A competitive market
structure
D. A system of poor
checks and balances
What helps make
globalization sustainable?
A

What do property rights
enable buyers and sellers
to do?
A. Conduct transactions
with the high degree of
trust
Answer:
A
B. Name buildings after
them
C. Improve their quality of
life
D. Increase currency
taxes

How has technology
bridged the global digital
divide?
B
B. By decreasing
communication cost
C. By increasing stagnant
wages
D. By causing job loss
Economist have argued
that national policies
A
should be implemented to
help retrain and educate
workers.
How might these efforts
affect the displaced
workers?

B. By capping the level of
competitiveness
C. By increasing
unemploymet
D. By reducing wages
What is one argument
against globalization?
A. Economic control
increase
Answer:
B. Collaborative trading
C
will occur
C. Jobs will be lost
D. New industries will
develop
Which of the following
may lead to an increase in
A
the standard of living,
according to free-trade
theory?

How does foreign direct
(FDI) create jobs and
enhance skills of
workers?
D
B. By selling companies
C. By increasing tax
policies
D. By creating inflows of
capital from abroad

Workers from Poland
are free to work in the
United Kingdom to fill
shortages there.
What is this scenario
an example of?
A