Question

Which of the following is true of globalization? It makes countries and markets more independent of each other. It leads to t

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Globalization makes countries more interdei since they depends upon other countries for their Consumption needs, it also provides new avenues for MNC to reduce cost through production in relatively cheaper location and exporting from there to across the world, Globalization creates trade blocs and FTA's.Globalization completely change the political economic and social environment of the country because of new ideal, innovation, technological change,econoy reliance etc Hence,Third statement is correct

Add a comment
Know the answer?
Add Answer to:
Which of the following is true of globalization? It makes countries and markets more independent of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Which of the following is an advantage of globalization? Multiple Choice National markets have successfully taken...

    Which of the following is an advantage of globalization? Multiple Choice National markets have successfully taken over regional trade blocs on a global scale. Children are no longer offered employment in "sweatshop" production facilities. O Multinational corporations are unable to exploit the people of less-developed countries. Developing nations can leverage their natural resources to attract foreign investment.

  • The European Union stands alone in terms of boldness and potential implications

    Roll-over the items on the left and determine which describes the regional agreement and the appropriate members, then drag the item to the correct location.Regional Economic Integration The European Union stands alone in terms of boldness and potential implications, but regional economic integration is on the rise in the Americas. NAFTA is significant but several other trade blocs are in the offing, and these have practical and managerial implications for any firm doing business in the Western Hemisphere. When a business is...

  • 63. Which statement is generally NOT true with regard to the effect of trade on wages...

    63. Which statement is generally NOT true with regard to the effect of trade on wages in developing countries? A. Working conditions, although often less pleasant than in developed nations, are generally improved with foreign investment. B. Foreign companies tend to reduce the overall number of jobs available in developing countries. C. Wages offered by foreign companies are generally higher than wages offered by local companies. D. Foreign companies generally pay lower wages in developing countries than they do back...

  • 1 .Which concept represents the broadest view? Trade Surplus Globalization International Business 2 If you are...

    1 .Which concept represents the broadest view? Trade Surplus Globalization International Business 2 If you are able to produce 1 piece of fine furniture or 10 birdhouses using the same resources, and your competitor is able to produce 5 pieces of fine furniture or 10 birdhouses using the same resources, who has the comparative advantage? You Neither Your competitor in fine furniture 3 When conducting business in a market of comparative advantage, trading partners will realize: decreased demand for products....

  • Which of the following is true of American depository receipts? American depository receipts provide U.S. investors...

    Which of the following is true of American depository receipts? American depository receipts provide U.S. investors with the ability to invest in foreign companies with less complexity and difficulty than might otherwise be possible. With the exception of stocks traded in the United States, stocks that are traded in a country other than the issuing company's home country are called American depository receipts. An American depository receipt is the stock of an American company that is traded in foreign countries...

  • Assignment Details Select a Fortune 500 international company in the service industry. Using your selected company...

    Assignment Details Select a Fortune 500 international company in the service industry. Using your selected company as the basis for your research, prepare a paper that will: Describe the main line of business of the company. Name four of the countries in which the company operates. Explain in detail the implementation of the 4Ps marketing mix concept by the company. Describe any differences observed in the implementation of this concept, from one country to another. Present your findings as a...

  • QUESTION 1 Which of the following statements is true:         There are more tertiary goods...

    QUESTION 1 Which of the following statements is true:         There are more tertiary goods traded than primary goods         There are more tertiary goods traded than secondary goods         There are fewer secondary goods traded than primary goods         There are more secondary goods traded than tertiary goods QUESTION 2 Non-tariff barriers to trade include all but the following:         Local content requirements         Government subsidies         Taxes on imports        ...

  • following statement is F/F 1. Between 1921 and 1928; the New Economy Policy allowed markets to...

    following statement is F/F 1. Between 1921 and 1928; the New Economy Policy allowed markets to help economic recovery in the USSR. 2. The administrative-command economy was the mechanism for resource allocation in the former USSR between 1992 and WOLRD WAR II, but was abandoned in 1946. 3. Although the Soviet Union was a large country with a large population, it had few natural resources. 4. Although the USSR had an elected government, the decision-making authority in the economy was...

  • please answer all questions! 6. Assess the validity of the following statements. I. During Bangladesh's politically...

    please answer all questions! 6. Assess the validity of the following statements. I. During Bangladesh's politically created famine, the average amount of food per person was much lower than usual. II. Democracies are less likely to kill their own citizens than other kinds of governments. O Only II is true. Neither I nor II is true. Both I and II are true. O Only I is true. 7. Assess the validity of the following statements. I. Compared with most other...

  • Please help me answer theses practice questions QUESTION 2 Which of the following can a country...

    Please help me answer theses practice questions QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT