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 (A)</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 (B)</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 (A)</p> Signup and view all the answers

Which of the following is a government driver of globalization?

<p>Promoting international trade agreements (A)</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' (A)</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; (B)</p> Signup and view all the answers

"Protectionist policies" can include all EXCEPT:

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

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