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%
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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
Between 1960 and 2013, the U.S. share of world exports of goods and services:
A. has increased from 9.7% to 38.3%
B. has decreased from more than 20% to 9.7%
C. has slipped to second place, behind only Japan
D. although in decline, has remained in first place with China a close second
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