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Globalization and Multinational Corporations Quiz

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Globalization and Multinational Corporations Quiz

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Questions and Answers

Which countries are commonly referred to as the BRIC countries?

Bangladesh, Rwanda, Iran, and Cambodia

Brazil, Russia, India, and China (correct)

Bahrain, Romania, Iceland, and Colombia

Britain, Russia, Italy, and Canada

What is the purpose of trade liberalization?

To allow countries to specialize in producing goods they have a comparative advantage in (correct)

To increase tariffs and barriers to trade

To promote economic self-sufficiency

To restrict international trade and protect domestic industries

Which organization was established in 1986 to oversee global trade agreements?

GATT

ASEAN

WTO (correct)

What is outsourcing?

<p>Shifting non-strategic functions to specialist firms</p> Signup and view all the answers

What is securitization?

<p>Repackaging loans or receivables to create new financial instruments</p> Signup and view all the answers