Multiple Choice 1-6 (International Business)

GATT and later WTO are examples of which driver of market globalization? Industrialization, economic development, and modernization Market liberalization Integration of world financial markets Worldwide reduction of barriers to trade and investment Question 2 ( 1 point) The impact of the market globalization driver of industrialization, economic development and modernization can be seen through South Korea's rise from Textile manufacturer to Semiconductor manufacturer. True False An example of the globalization dimension of convergence of buyers lifestyles and preferences can be seen from the rise in medical tourism in countries like Singapore and Thailand. True False Question 4 (1 point) Whicn ottmetiollowing was NOT mentioned as a reason behind Apple's decision to assemble iPhone's in China? Friendly relations between Apple's CEO and China's President Lower costs of labor Mobility of Labor Force Clusters of supplier located nearby. Select all which are examples of the Societal Consequences of Market Globalization. Points based on Right minus Wrong selections ( +/0.25 pts per answer) Contagion Integration of world financial markets Loss of national sovereignty Offshoring and the flight of jobs Question 6 (1 point) Which of the following is NOT an example of how MNE's globalization can create negative impact on society? Increase in actions to protect national identity South Korea's fine dust pollution which can trigger cancer. MNE's revenues can be much larger than a country's GDP. Prevalence of low wages and sweatshop conditions as firms utilize low-cost labor abroad