Globalization in Business Quiz
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Questions and Answers

Which of the following is NOT a protectionist policy mentioned in the text?

  • Quotas
  • Tariffs/custom duties on imports
  • Free trade agreements (correct)
  • Subsidies on domestic products
  • What practice refers to selling a product abroad at a lower price than on the domestic market?

  • Import duties
  • Foreign subsidies
  • Globalization
  • Export dumping (correct)
  • In what century did globalization witness a significant boost?

  • 18th century
  • 16th century
  • 20th century (correct)
  • 19th century
  • What technological advancements played a key role in boosting globalization according to the text?

    <p>Air transport and huge ships</p> Signup and view all the answers

    Why did large companies initially invest in developing countries according to the text?

    <p>To benefit from low manufacturing costs</p> Signup and view all the answers

    What is the WTO's stance on dumping as per the text?

    <p>Dumping is legal unless proven to harm domestic producers</p> Signup and view all the answers

    Which of the following is a government driver of globalization?

    <p>Promoting international trade agreements</p> Signup and view all the answers

    What was a major milestone in the globalization process according to the text?

    <p>'The 2nd half of the 20th century'</p> Signup and view all the answers

    "Dumping" refers to selling a product abroad at ________.

    <p>&quot;Lower price than on the domestic market&quot;</p> Signup and view all the answers

    "Protectionist policies" can include all EXCEPT:

    <p>'Promotion of international trade agreements'</p> Signup and view all the answers

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