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Question
The theory of absolute advantage destroys the mercantilist idea that international trade is a ________.A) positive-sum game
B) zero-sum game
C) negative-sum game
D) win-win game
Answer
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Related questions
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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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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
C) surfeit of jobs in developed nations
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Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.
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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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Explain how technological innovation has benefitted entrepreneurs.
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Compare and contrast the world's three main political ideologies: anarchism, totalitarianism, and pluralism.
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Pluralistic political systems include authoritarian regimes such as communism and fascism.
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The government maintains control over the banking industry in a country. Which of the following is most likely true if the country has a mixed economy?
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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.
D) The government views banking as more important than manufacturing.
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B) central
C) subcapital
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According to Hofstede's framework, a culture that scores low on ________ can change more rapidly because tradition and commitment are not impediments to change.A) masculinityB) individualismC) long-term orientationD) risk-taking
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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
B) individualism
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
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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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B) class system
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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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Subcultures mimic the values, preferences, and beliefs of dominant cultures.
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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