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12 Questions

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Global Economy Concepts

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Questions and Answers

What is the primary role of an International Economic and Financial Organization?

To provide loans and technical assistance to private companies in developing countries (correct)

To establish trade barriers and protectionist policies

To manage global migration and human rights issues

To promote economic nationalism and self-sufficiency

What is the key distinction between an International Government Organization and a Non-Government Organization?

International Government Organizations are task-oriented, while Non-Government Organizations are focused on global cooperation.

International Government Organizations focus on economic and financial issues, while Non-Government Organizations focus on humanitarian and social issues.

International Government Organizations are owned by countries, while Non-Government Organizations are owned by private corporations.

International Government Organizations are created by treaties, while Non-Government Organizations are formed by private citizens. (correct)

Which of the following is NOT a characteristic of a Transnational Corporation?

Establishes factories in emerging nations with less expensive labor and land

Manages assets and profits within national borders (correct)

Produces goods or services internationally

Makes overseas investments

What is the primary goal of a protectionist economic policy?

To help domestic industries by restricting international trade Signup and view all the answers

Which of the four regional Multilateral Development Banks is responsible for providing loans and assistance to countries in the Americas?

Inter-American Development Bank Signup and view all the answers

How does trade liberalization differ from protectionism?

Trade liberalization refers to removing or reducing trade barriers and encouraging the free exchange of goods between nations, while protectionism involves government policies that restrict international trade. Signup and view all the answers

What is the primary focus of the concept of a global economy?

The exchange of goods and services across international borders Signup and view all the answers

Which of the following is NOT listed as one of the five elements of economic globalization?

Tariff barriers Signup and view all the answers

What is the primary benefit of international trade for nations?

Access to new markets and goods/services not available domestically Signup and view all the answers

Which type of international trade involves importing goods into a country and then re-exporting them without distributing them within the importing country?

Entrepot trade Signup and view all the answers

Which of the following is an example of an international trade in services?

Consulting services Signup and view all the answers

In the context of international trade, what does the term 'export' refer to?

Goods manufactured in a country and purchased by residents of another country Signup and view all the answers