Question
PLS HELP 1/ We live in a highly integrated and interdependent world. This is in part due to the rise of globalization, which has eliminated
PLS HELP
1/ We live in a highly integrated and interdependent world. This is in part due to the rise of globalization, which has eliminated trade, investment, information technology, and cultural and political barriers across countries. Where explorers once made voyages to trade in spices and silk, we're now in the midst of a race to explore space. Which type of reform does globalization encompass?
A/ Geopolitical reform
B/ Economic reform
C/ Socioeconomic reform
D/ Political reform
2/The current fundamental shift in BRIIC (the emerging economies of Brazil, Russia, India, Indonesia, and China) economies has been the growing size and income levels of the middle class. In the space race, China has a sizable world-class technical labor force and high savings and/or investment rates that help contribute to their rising productivity and relatively rapid economic growth. Which concept best describes a world economy in which the engines of growth could comprise several major industrialized and emerging economies, including China, rather than the United States alone?
A/ Multipolar world
B/ Liberalization of the trading system
C/ Decoupling
D/ Adaptive institutions
3/ The assumption that China can compete effectively in the space industry because its low-cost labor pool allows Chinese companies to operate more efficiently than those in the U.S. is directly related to which concept?
A/ Absolute advantage
B/Factor price equalization
C/ Comparative advantage
D/ Most favored nation
4/ According to Porter's "diamond" model, the success or competitive advantage of a nation at the global stage would crucially depend upon the interaction of four groups of characteristics. Which of these does this video indicate is most closely related to whether China can be the victor in the space race between China and the U.S.?
A/ Demand Conditions
B/ Strategy, Structure, and Rivalry
C/ Related and Supporting Industries
D/ Factor Conditions
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