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International Business and Government Cooperation

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International Business and Government Cooperation

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Questions and Answers

What is globalization?

A concept related to markets for foreign exchange

A theory about trade protectionism

A mechanism to bring about international business

A process that deepens and broadens relationships among countries (correct)

Which term refers to the elimination of barriers to international movements of goods, services, capital, technology, and people?

Trade Protectionism

Economic Systems

Culture

Globalization (correct)

How does international business contribute to globalization?

By influencing exchange rates

By enforcing trade protectionism

By being a mechanism to bring about globalization (correct)

By promoting economic integration

Which factor enables globalization to provide more variety, better quality, or lower prices?

Technological advancements Signup and view all the answers

What influences the integration of world economies according to the text?

Economic Systems and Market Methods Signup and view all the answers

Which of the following is NOT a characteristic of globalization?

Promoting trade protectionism Signup and view all the answers

What does international business facilitate according to the text?

Global economic integration Signup and view all the answers

Which area does globalization NOT influence?

The strict enforcement of trade protectionism Signup and view all the answers

How do countries benefit from globalization?

Increasing interdependence with other countries Signup and view all the answers

What is the main consequence of eliminating barriers to international movements according to the text?

Increased competition among countries Signup and view all the answers