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Question
Given the lack of available hard currency, Russian businesses often use goods and services as payment for other products they buy from abroad. This practice is referred to as ________.A) letter of credit
B) fiat money
C) barter
D) guanxi
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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B) a person's position in society depends upon his educational qualifications and achievements
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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