According to the data presented in chapter one of the e-text, the U.S.A. led all countries in the world in the total value of goods and services imported into any individual country. The correct answer is 'True'. The U.S.A. leads all countries in the world in the total value of goods and services exported each year. The correct answer is 'False'. International business occurs when any value creation activity or transaction crosses at least one international border. The correct answer is 'True'. Most commercial business involves “business to business” transactions, where firms sell products or services to other firms, such as one firm selling raw materials to another firm for use in a new product. These transactions happen throughout the entire value chain. The correct answer is 'True'. In chapter one, the opening showcase on a flight from Mumbai to San Francisco demonstrated ________________________________. The correct answer is: The complexity and increasing interconnectedness of people and products in the contemporary world
England's cultural and commercial involvement with Inda began _______________ The correct answer is: At the beginning of the 17th century when Queen Elizabeth I granted a charter to the East India Company. All products have the potential for being global products if the firm has the right knowledge on how to globalize. The correct answer is 'False'. The Value Added Chain includes which of the following activities? The correct answer is: all of these Services can be __________. The correct answer is: either imported or exported Donna Bader, Globalization opponent Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations. Based on the results of her study, she concluded that globalization does these countries more harm than good. Which of the following statements, if true, strengthens Donna's argument? A: Many companies take advantage of lenient labor laws by setting up facilities in low-income countries. Any commercial transaction that crosses the borders of two or more nations is known as A: international business Some critics of globalization say that big consumer-goods firms can have a negative effect on cultural diversity developing nations by A: putting local companies out of business The Great Depression marked the beginning of the second phase of globalization. A: False The initial phase of globalization was triggered in part by the introduction of the railroad. A: True Development that meets the needs of the present without compromising the ability of future generations to meet their own needs indicates A: sustainability Which of the following actions can be adopted by developed nations to lessen the negative effects of globalization? A: slash agricultural subsidies that hurt the exports of developing nations
Globalization is criticized because it A: exploits workers in low-wage nations To minimize the economic inequality within developing nations, studies suggest that the nations can boost incomes of their poorest citizens by A: embracing globalization and integrating themselves into the global economy In the closing case from chapter two, MTV started in the U.S., expanding into the U.K. and Australia and
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