Which of the following is characteristic of globalization of markets?

Which of the following is characteristic of globalization of markets?

A) lack of skilled labor
B) conservatism
C) declining trade barriers
D) diminishing gap between the rich and the poor

Question 2

Industries that benefit the most from global sourcing are characterized by low labor intensity in product and service production.

Indicate whether the statement is true or false

Question 3

Firms use foreign trade zones to ________.

A) consolidate market monopolies
B) assemble foreign dutiable materials and components into finished products, which are then re-exported
C) create employment opportunities for the local people
D) meet quota demands established by the government

Question 4

Typically, firms tend to concentrate research and development activities abroad rather than in their home countries.

Indicate whether the statement is true or false

Question 5

Firms that do not export tend to create jobs more quickly than do exporting firms.

Indicate whether the statement is true or false

Question 6

A(n) ________ is a type of trade penalty imposed on one or more countries by one or more other countries.

A) confiscation
B) expropriation
C) subsidy
D) sanction

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Which of the following is characteristic of globalization of markets?

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