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
Which of the following is a risk associated with globalization?
A. Restrictions on competition
B. Global financial contagion
C. Excessive market regulation
Differentiation of markets