In what realm does Ghemawat feel that geographical boundaries or borders should not exist?
a. patents
b. research
c. the Internet
d. immigration
e. telecommunications
at does Ghemawat's 10 Percent Presumption presume?
a. that about 10 percent of the books on globalization are worth reading
b. that only 10 percent of what is written by proponents of globalization is accurate
c. that 10 percent is a reasonable cutoff point between a globalized and nonglobalized world
d. that on any given indicator of globalization, the level of internationalization will be closer to 10 percent than 100 percent
e. that as levels of trade increase to over 10 percent of GDP, a country starts to feel the economic benefits of economic integration
Which of the following arguments would Ghemawat probably concede to globalization proponents?
a. that although the world is not flat today, it will be tomorrow
b. that the Internet has rendered geographical boundaries irrelevant
c. that cyberspace is the only space that is truly integrated globally
d. that the trend lines mostly point to increasing levels of globalization
e. nothing is inevitable about the process of globalization
What does Ghemawat find most astonishing about the writings of globalization proponents?
a. the poor quality of the arguments presented
b. how much they exaggerate the extent of globalization
c. their ability to predict accurately the effects of globalization
d. that so few people have written about so important a phenomenon
e. the recognition that in a world of globalization, national borders are irrelevant.
According to the doctrine of comparative advantage, the only instance of trade between countries A and B not benefiting both is
a. when A produces only one type of good.
b. when A's domestic market is much larger than B's.
c. when both A and B produce exactly the same goods.
d. when B can produce everything more efficiently than A.
e. when A has access to cheaper raw materials than B.
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