In the author's view one factor overlooked by Friedman in his discussion of the development of the global economy was
a. The influence of unions
b. The relative value of currency around the world
c. Worker productivity
d. The profit motive
Q. 2Friedman identifies several forces and events that led to the linking of the major economies. The single factor that seemed most influential in the process according to Friedman was.
a. The Internet
b. Labor costs
c. The breakup of the Soviet Union
d. Immigrations
Q. 3Countries that seem best equipped to take advantage of the global economy
a. Have a well-developed infrastructure
b. Have an attractive tax structure that encourages new businesses
c. Have socialist governments
d. Have an abundant supply of cheap labor
Q. 4The cost of labor is a major factor in the business decisions to businesses from this country to another country (offshore).
If labor costs were the only consideration U. S. businesses would most likely move their businesses to which of the following countries
a. Germany
b. Canada
c. Australia
d. Spain
Q. 5The impact of the global economy on the workforce in the U. S.
a. Has had its greatest impact on unskilled worker to date
b. Will impact skilled and professional workers in the near future
c. Will slow in the long term as U. S. businesses reorient themselves
d. a & b above
Q. 6The poverty rate for minorities is generally greater than that of white workers. Which of the following situations reflect recent research by the U. S. Department of Labor?
a. Hispanic have about the same level of poverty as whites.
b. Hispanic and African American poverty rates are approximately equal
c. The poverty rate among Asian Americans is about is about the same as that for Native Americans
d. Hispanics have the highest poverty rate of any group