Podcast
Questions and Answers
What has significantly reduced over the last two decades?
What has significantly reduced over the last two decades?
- Import tariffs on products
- Fuel and transportation costs
- Communication costs (correct)
- ICT development
What is ICT an abbreviation for?
What is ICT an abbreviation for?
- Information and Communication Technology (correct)
- Internet Communication Technology
- International Communication Technology
- Information and Computer Technology
What is trade liberalization also known as?
What is trade liberalization also known as?
- Foreign competition
- Free trade (correct)
- Government intervention
- Protectionism
What policy involves giving preferential treatment to domestic producers and discriminating against foreign competitors?
What policy involves giving preferential treatment to domestic producers and discriminating against foreign competitors?
What form does protectionism usually come in?
What form does protectionism usually come in?
Which development did Carly Fiorina describe as being capable of transmitting, shaping, and manipulating various things wirelessly?
Which development did Carly Fiorina describe as being capable of transmitting, shaping, and manipulating various things wirelessly?
What is the main focus of fair trade?
What is the main focus of fair trade?
Which term best describes companies that have investments in multiple countries but do not coordinate product offerings in each country?
Which term best describes companies that have investments in multiple countries but do not coordinate product offerings in each country?
What distinguishes global companies from multinational companies?
What distinguishes global companies from multinational companies?
Which type of company typically markets its products to individual local markets without adapting to local norms?
Which type of company typically markets its products to individual local markets without adapting to local norms?
What is the key difference between global companies and transnational companies?
What is the key difference between global companies and transnational companies?
Which type of company acts independently in each country while still serving a larger brand model?
Which type of company acts independently in each country while still serving a larger brand model?
What is a key feature of Capitalism?
What is a key feature of Capitalism?
Who referred to the result of capitalism as an 'invisible hand'?
Who referred to the result of capitalism as an 'invisible hand'?
What is the main difference between Socialism and Capitalism?
What is the main difference between Socialism and Capitalism?
In a capitalist economy, what is expected for a business to succeed?
In a capitalist economy, what is expected for a business to succeed?
According to Karl Marx, what is socialism considered as?
According to Karl Marx, what is socialism considered as?
What characterizes the Information Revolution mentioned in the text?
What characterizes the Information Revolution mentioned in the text?
What is the definition of economic globalization?
What is the definition of economic globalization?
When did globalization begin according to the text?
When did globalization begin according to the text?
Which of the following is NOT identified as a driver of economic globalization?
Which of the following is NOT identified as a driver of economic globalization?
What is considered as a core element of globalization according to the IMF?
What is considered as a core element of globalization according to the IMF?
Which driver of economic globalization enables products manufactured far from the market to become more competitive?
Which driver of economic globalization enables products manufactured far from the market to become more competitive?
What aspect does economic globalization NOT involve?
What aspect does economic globalization NOT involve?
What is a key characteristic of transnational companies?
What is a key characteristic of transnational companies?
What is a significant outcome of the Agricultural Revolution?
What is a significant outcome of the Agricultural Revolution?
In the context of the Industrial Revolution, what led to an increase in productivity?
In the context of the Industrial Revolution, what led to an increase in productivity?
What effect did the Industrial Revolution have on work environments?
What effect did the Industrial Revolution have on work environments?
What distinguishes transnational companies from other organizations?
What distinguishes transnational companies from other organizations?
How did the Agricultural Revolution contribute to population growth?
How did the Agricultural Revolution contribute to population growth?
