Monday, December 9, 2019
World Trade Organization free essay sample
A company has to be a major multinational corporation to facilitate and benefit from the globalization of markets. TrueÃ Ã Ã Ã False 4. Because of globalization, companies rarely need to customize marketing strategies, product features, and operating practices in different countries. TrueÃ Ã Ã Ã False . The most global markets currently are markets for consumer products. TrueÃ Ã Ã Ã False 6. As firms follow each other around the world, they bring with them many of the assets that served them well in other national markets. Thus, greater diversity replaces uniformity. TrueÃ Ã Ã Ã False 7. Substantial impediments such as barriers to foreign direct investment make it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe. Over its entire history, the WTO has promoted the lowering of barriers to cross-border trade and investment. TrueÃ Ã Ã Ã False 10. The IMF is less controversial than its sister concern, the World Bank. TrueÃ Ã Ã Ã False 11. The IMF is often seen as the lender of last resort to nation-states whose economies are in turmoil. We will write a custom essay sample on World Trade Organization or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page TrueÃ Ã Ã Ã False 12. After World War I, the advanced nations of the West committed themselves to removing barriers to the free flow of goods, services, and capital between nations. TrueÃ Ã Ã Ã False 13. World merchandise trade includes trade in manufactured goods, agricultural goods, and services. Trade in services now accounts for more than half of the value of all international trade. TrueÃ Ã Ã Ã False 15. The volume of world output has grown faster than the volume of world merchandise trade since the 1950s, according to data from the World Trade Organization. TrueÃ Ã Ã Ã False 16. Moores Law predicts that the power of microprocessor technology doubles and its cost of production declines in half every 18 months. TrueÃ Ã Ã Ã False 17. As transportation costs associated with the globalization of production decline, dispersal of production to geographically separate locations becomes more economical. The Internet has acted as a regulatory brake on unfettered international trade in business. TrueÃ Ã Ã Ã False 19. In any society, the media are the primary conveyors of culture. TrueÃ Ã Ã Ã False 20. The dominance of large multinational British firms on the international business scene is one of the changing trends of globalization. TrueÃ Ã Ã Ã False 21. As the worlds largest industrial power, the United States accounted for a significantly larger share of the world economy in 2008 than it did in the 1960s. TrueÃ Ã Ã Ã False 22. Most forecasts now predict a rapid rise in world output accounted for by developing nations such as China, India, and South Korea, and a relative decline in the share enjoyed by rich industrialized countries such as Britain and the United States. United States and other long-established developed nations seems likely. TrueÃ Ã Ã Ã False 23. In the 1970s, European and Japanese firms began to shift labor-intensive manufacturing operations from their home markets to developing nations where labor costs were lower. TrueÃ Ã Ã Ã False 24. The stock of foreign direct investment refers to the total cumulative value of foreign investments in a country.