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Question
What are voluntary export restraints and how are they used?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.
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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?
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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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Religion is confined to national political boundaries.
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Describe brain drain and its impact on an economy. What is reverse brain drain?
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Lingua franca is ________.
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Subcultures mimic the values, preferences, and beliefs of dominant cultures.
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