Globalization of markets results in markets becoming _____.
A. more interdependent
B. less diverse
C. more protected
D. less competitive
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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
Which of the following is a factor of production?
A. tariffs
B. transportation costs
C. capital
D. government
The volume of world trade in merchandised goods has been:
A. growing at the same rate as world GDP
B. growing faster than world GDP
C. growing slower than world GDP
D. declining faster than world GDP