The shift toward a more integrated and interdependent world economy is referred to as _____.
A. outsourcing
B. international marketing
C. privatization
D. globalization
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Which of the following is a consequence of globalization?
A. Decreasing interdependence between national economies
B. Increasing outsourcing of services
C. Differentiation of material culture
D. Increase in barriers to cross-border trade
Globalization of markets results in markets becoming _____.
A. more interdependent
B. less diverse
C. more protected
D. less competitive
Early outsourcing efforts were primarily confined to _____.
A. health care
B. service activities
C. technological research
D. manufacturing activities
The ______ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.
A. International Development Association
B. World Bank
C. International Court of justice
D. World Trade Organization
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