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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The downside of increased globalization is:
A. global financial contagions are less likely
B. a severe crisis in one region can affect the entire globe
C. one nation may become too powerful
D. the potential for increased exploitation of undeveloped nations by developed nations
After the United States, the second-largest source country of MNEs is:
A. Japan
B. China
C. a tie between France and the United Kingdom
D. a tie between Germany and the United Kingdom
In order to be classified as an MNE, a company must have productive activities in at least _____ countries.
A. two
B. three
C. four
D. twenty
Supporters of globalization maintain that the apparent decline in real wage rates of unskilled workers:
A. is due to technological changes that create greater demand for skilled workers
B. is due to the migration of low-wage manufacturing jobs offshore
C. can be checked by increasing government ownership of enterprises
D. can be checked by limiting free trade and foreign investment
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