Solved by verified expert :97. The
global economy is moving progressively towards a world in which national
economies are relatively isolated from each other.
True False
98. The
volume of goods, services and investment crossing national borders expanded
faster than did world output every year during the last two decades of the 20th
century.
True False
99. Because
of the global presence of widely accepted products like McDonalds, Coca-Cola,
and Sony PlayStation, national markets are disappearing.
True False
100. To
benefit from the globalization of markets, a company has to be a multinational
firm.
True False
101. Currently
the most global of markets are for industrial goods and materials that serve a
universal need the world over.
True False
102. Although
many companies have lowered their overall cost structure and have improved the
quality of their products by dispersing their production activities to
locations around the world, this activity is confined primarily to large
firms.
True False
103. General
Agreement on Tariffs and Trade is what the acronym GATT stands for.
True False
104. As
markets globalize and an increasing proportion of business activity transcends
national borders, there is a need for institutions to help manage, regulate and
police the global market place.
True False
105. The
International Monetary Fund and the World Bank were both created in 1944 by 44
nations that met at Bretton Woods, New Hampshire.
True False
106. The
International Monetary Fund (IMF) is often seen as the leader of last resort to
nation states whose economies are in economic turmoil.
True False
107. In
addition to reducing trade barriers, many countries have also been
progressively removing restrictions on barriers to foreign direct
investment.
True False
108. The
advanced nations of the East committed themselves after World War II to
removing barriers to the free flow of goods, services, and capital between
nations.
True False
109. There
is very little evidence that suggests that the lowering of trade barriers has
facilitated the globalization of production.
True False
110. The
volume of world output has grown faster than the volume of world trade since
the 1950s, according to data from the World Trade Organization.
True False
111. Surprisingly,
despite the importance of technology in our everyday lives, technological
change has played only a minor role in the globalization of markets.
True False
