Westernization and Commoditization Answers

Providing financial assistance for smaller nations’ economic negotiating teams and increasing the bargaining powers of these nations __________. A. is one way MNCs force smaller economies to allow international investments B. increases the influence of external economies C. is a method that core economies have used to increase their market share D. is one strategy the WTO has used to deflect criticism of its policies Please select the best answer from the choices provided.

Countries that are on the rise economically and growing in importance in the global economy but still have large numbers of the population living in poverty are considered __________ economies. A. core B. semi-periphery C. periphery D. external Please select the best answer from the choices provided.

Many products and services are available to the global society as a result of the WTO. Which of the following goods or services would not fall under WTO jurisdiction? A. cars B. oil C. bananas D. health care Please select the best answer from the choices provided.

If the United States government were to regulate its financial structures, including banks and businesses, which of the following criteria of a capitalist economy would it violate? A. Consumer interests affect capitalism. B. Prices and wages are set by supply and demand. C. Privately owned resources are used to make a profit. D. Government involvement in businesses and markets must be limited. Please select the best answer from the choices provided.

Many international cultures are becoming westernized. Which of the following scenarios would best symbolize the effect of this process on indigenous cultures? A. a pot boiling on the stove B. a scale tipping heavily in one direction C. children sharing their toys D. money earning interest in a bank Please select the best answer from the choices provided.

What role do teenagers play in the westernization of the world? A. Teens are one of the biggest groups of consumers. B. Teens seek an education to further their opportunities. C. Teens use sports to advance their nation's economic success. D. Teens interact with WTO officials to impact tariff and trade barriers. Please select the best answer from the choices provided.

Which of the following terms is best described as “an increasingly international approach to producing, marketing, and distributing goods and services”? A. economic globalization B. world trade C. capitalism D. trade agreement Please select the best answer from the choices provided.

Which of the following is not a way in which MNCs typically promote economic growth within a host country? A. They create jobs. B. They always provide retirement and other benefits. C. They often provide training to local workers for increased productivity and efficiency. D. They often provide higher wages to their employees than domestic firms in the host country. Please select the best answer from the choices provided.

Which four principles does the United Nations Global Compact for multinational corporations address? A. the distribution of power, tariffs, trade barriers, and negotiation B. human rights, labor standards, the environment, and anti-corruption C. sanctions, compensation, the environment, and human rights D. tariffs, trade standards, the environment, and compensation Please select the best answer from the choices provided.

Which of the following professions is most similar to an MNC? A. a classroom teacher who informs students of new information B. a manager of a local business that provides goods and services to the immediate community C. a traveling salesperson with business offices in different cities and countries D. a homemaker who organizes the home for his/her family Please select the best answer from the choices provided.