Nations have been pouring money into researching and developing new advanced technologies in an effort to stay competitive in the world market.
True
False
Words have the same meaning across all languages.
True
False
Supporters of protectionism say that by increasing the cost of imported goods through tariffs, the government instituting the barrier penalizes the sending country as well as the citizens it is trying to protect.
True
False
The impact of barriers to foreign investment led countries to form an independent organization known as the World Trade Organization (WTO).
True
False
Corruption does not concern governments and is solely a business issue.
True
False
The three primary types of global economic systems are centrally planned, market, and market growth.
True
False
Labor and production costs are typically lower in less developed nations which creates a continuous pull for international corporations.
True
False
Globalization is a relatively new paradigm.
True
False
In the “Great Revelation,” Confucius revealed the step by step process by which one attains self-development.
True
False
The current account, sometimes called the financial account, is the sum of every nation’s gross income from trade in goods and services.
True
False
