
Chapter 1_Globalization_PBS3233
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The merging of historically distinct and separate national markets into one huge global marketplace is known as
global market facilitation
cross-border trade
supranational market integration
the globalization of markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Firms that are involved in international business tend to be
large
small
medium-sized
large, small, and medium-sized
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not a factor of production?
trade
land
capital
energy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called
economies of scale
the globalization of production
global integration
global sourcing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organization is responsible for policing the world trading system?
the International Monetary Fund
the United Nations
the World Trade Organization
the World Bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the single most important innovation to the globalization of markets and production?
advances in transportation technology
the development of the microprocessor
advances in communication
the Internet
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