In 2009, the financial crisis in the United States was triggered by:
A. the global hike in the price of crude oil
B. the slowdown in U.imports
C. the problems in the U.subprime mortgage lending market
D. the artificial fixing of currency rate by China
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Containerization allows:
A. reduction of the time needed to get from one location to another
B. simplification of transshipment from one mode of transport to another
C. buyers and sellers to find each other easily in a global economy
D. enterprises to coordinate and control a globally dispersed production system
The average tariff rates for manufactured goods have fallen significantly since 1950 and now stand at about _____.
A. 18%
B. 5.9%
C. 4.8%
D. 1.5%
A multinational enterprise (MNE) is a firm that:
A. exports its products to multiple countries
B. has production units in more than two countries
C. does most of its business on the Internet
D. lists its securities on a public exchange
In the last two decades, Latin American countries like Brazil, Mexico, and Chile have _____.
A. embraced communist principles
B. promoted government ownership of enterprises
C. experienced increasing debt and inflation
D. welcomed foreign investment
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