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Question
Which of the following is a result of the protection of domestic companies from international competition?A) Consumers need to pay lesser for products.
B) There are increased incentives to cut production costs and improve quality.
C) Companies become more reliant on protection.
D) Protection increases a company's incentives to obtain the knowledge it needs to become more competitive.
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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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
D) increased investment in individual education
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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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Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________.
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B) rise of closed economies
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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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A) large uncertainty avoidance
B) low power distance
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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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A) racial segregation
B) class system
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D) language-based stratification
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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
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D) people join highly exclusive associations that encourage external interaction
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A) trash culture
B) traditions
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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A) developed market
B) traditional market
C) emerging market
D) virtual market