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Question
If these two countries were to gain from trading with each other, this would support the notion that trade is a ________.A) zero-sum game
B) negative experience
C) positive-sum game
D) form of economic nationalism
Answer
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Related questions
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Q:
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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Supporters and critics of globalization appear to agree that globalization prevents dislocation in labor markets.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
A) increased labor costs for companies
B) lower workers' wages in developed nations
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The General Agreement on Tariffs and Trade (GATT) was designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.
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B) rise of closed economies
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D) technological innovation
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Explain how technological innovation has benefitted entrepreneurs.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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B) central
C) subcapital
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According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society.
A) large uncertainty avoidance
B) low power distance
C) short-term orientation
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A) feminity
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
A) vernacular culture
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C) trash culture
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Lingua franca is ________.
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B) a form of non-verbal language adopted by all nations as the official language for business transactions
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A) racial segregation
B) class system
C) gender-based division
D) language-based stratification
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A caste system is a system of social stratification in which ________.
A) a person's social status is decided by his acquired wealth
B) a person's position in society depends upon his educational qualifications and achievements
C) people are born into a social ranking, with no opportunity for social mobility
D) people join highly exclusive associations that encourage external interaction
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A) trash culture
B) traditions
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A culture's values tend to become more flexible over time.
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________ facilitate(s) the process of cultural imperialism.
A) Strict product liability laws
B) Relaxed trade and investment barriers
C) Technological stagnation
D) Social media censorship
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Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations?
A) customs
B) attitudes
C) prejudices
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A) developed market
B) traditional market
C) emerging market
D) virtual market