Question

1) The Heritage Foundation scored which nation of the world among the most repressed in 2018?

a. Hong Kong.

b. Australia.

c. North Korea.

d. Singapore.

2) The deep anti-Americanism that exists in some parts of the world is thought to be caused by:

a. Increased local culture and religious diversity.

b. Resentment of cultural penetration from U.S.-based multinational enterprises.

c. An upswing in the number of Communist countries in the world.

d. Expanded regional health and environmental standards.

3) An example of an international financial and trade institution is:

a. World Bank.

b. International Monetary Fund.

c. World Trade Organization.

d. All of these answers are correct.

4) An individual who is a supporter of globalization would argue that it helps the developing world by:

a. Giving entrepreneurs access to foreign investment funds to support economic development.

b. Allowing new ideas and technological innovations to spread quickly.

c. Providing people in developing countries with more jobs.

d. All of these answers are correct.

5) The purpose of the World Trade Organization is to:

a. Impose barriers to free trade among nations.

b. Eliminate barriers to free trade among nations.

c. Develop trading partnerships between rich and poor nations.

d. Decrease globalization and free trade.

6) How did Intel eliminate conflict minerals from their supply chain?

a. Entirely through their own internal processes.

b. The U.S. government stepped in to eliminate the conflict minerals.

c. By collaborating with most suppliers in the chain including smelters, processors, and traders.

d. Intel has not eliminated conflict minerals from their supply chain.

7) According to the United Nations, a feature of democracy is:

a. Fair elections.

b. An independent media.

c. A government with power balanced among executive, legislative, and judicial branches.

d. All of these answers are correct.

8) A firm that would like to develop a global supply chain would:

a. Manufacture components or supplies in other countries.

b. Sell raw materials, components, or supplies produced at home abroad.

c. Purchase raw materials, components, or supplies from sellers in other countries.

d. Check products that were manufactured abroad for defects in their home country.

Answer 1

Answers:-

1) a. HONG KONG

Illustration:-

“Repressed” economies” can be defined as- Per capita incomes are much higher in nations that are more economically free. Economies rated “free” or “mostly free” in the 2018 Index enjoy incomes more than double the average levels in other countries, and more than five times higher than the incomes of people living. In 2018, Hong Kong’s economy is rated as the world’s freest.

2) b. Resentment of cultural penetration from U.S.-based multinational enterprises.

Illustration:-

The causes of anti-Americanism, a negative view of the U.S. the reasons for their hostility. President Bush or America generally, not surprisingly, solid majorities in most countries blamed the president, not America.

3) d. All of these answers are correct.

Illustration:-

An International financial institution is a financial institution that has been established by more than one country, and World Trade Organisation , International Monetary Fund and World Bank are example of it.

4) d. All of these answers are correct.

Illustration:-

Globalisation is a process in which economies have become increasingly integrated and inter-dependent. So, each options given are the important features rather results of globalisation.

5) b. Eliminate barriers to free trade among nations.

Illustration:-

Global rules of trade provide assurance and stability. Consumers and producers know they can enjoy secure supplies and greater choice of the finished products, components, raw materials and services they use. By lowering trade barriers through negotiations among member nations, the WTO’s system also breaks down other barriers between peoples and trading economies.

6) c. By collaborating with most suppliers in the chain including smelters, processors, and traders.

Illustration:-

Intel the largest semiconductor industry's supply chain to go straight to where the source of the minerals can be traced – the smelters who process and refine raw materials from around the world. Intel employees have traveled to most smelters in 21 countries to help establish and implement the Conflict-Free Smelter Program, an innovative industry audit system run by the Conflict-Free Sourcing Initiative designed to validate smelters’ sourcing practices.

7) d. All of these answers are correct.

Illustration:-

For the UN, the importance of democracy and of democratic values was first highlighted in the United Nations Charter, as well as in the Universal Declaration of Human Rights. So, they truly believe in fair elections, independent media and judicial.

8) c. Purchase raw materials, components, or supplies from sellers in other countries.

Illustration:-

A global supply chain is a dynamic worldwide network when a company purchases or uses goods or services from overseas. It has 7 characteristics - Flexibility, speed of delivery, optimized inventory, proactive strategy, innovativeness, eco-friendly service and global reach.