Question :
81.Which of the following a benefit of lowering the barriers to : 1299186
81.Which of the following is a benefit of lowering the barriers to international trade?
A. Domestic industries are better protected from foreign competition.
B. Firms can view the world, rather than a single country, as their market.
C. The lowering of barriers promotes communism across the globe.
D. The lowering of barriers puts a brake on globalization of both markets and production.
E. The economies of the members of the WTO become self-contained entities.
82.Which of the following has been declining in the developing nations of the world such as China, India, Russia, Indonesia, Thailand, South Korea, Mexico, and Brazil ?
A. Economic opportunities for international trade
B. Industrialization
C. Contribution toward the share of world output
D. The stock of foreign direct investment
E. Barriers to the free flow of goods, services, and capital
83.While the lowering of trade barriers made globalization of markets and production a theoretical possibility, which of the following has made it a tangible reality?
A. Major advances in communication, information processing, and transportation technologies
B. The rise of communism and the need for independent economies on a global scale
C. The increasing diversity in consumer tastes and preferences worldwide
D. The increasing differences in the material culture the world over
E. The decreasing significance of the World Trade Organization
84.Gerald gifted his son, David, a computer two years ago. Recently, he decided to gift his daughter, Julian, a computer of her own. In the context of the two year gap between the purchase of both the computers and Moore’s law, it is most likely that:
A. Gerald paid a higher price for Julian’s computer.
B. David’s computer will have a microprocessor with better power than that of Julian’s.
C. both David’s and Julian’s computers would cost Gerald the same price.
D. the microprocessor in Julian’s computer will be more advanced in terms of power than that of David’s.
E. the power of the microprocessors, in both David and Julian’s computers, would be the same.
85.Development of the microprocessor is most likely to be considered the single most important innovation in technology because:
A. it has made the economies of the world’s nation-states less intertwined.
B. it has enabled the explosive growth of low-cost computing.
C. it has increased the national differences in the cost and quality of factors of production.
D. it has helped in increasing barriers to international trade and investment.
E. it has isolated nations from each other by distance, time zones, and language.
86._____ predicts that the power of microprocessor technology doubles and the cost of production falls every 18 months.
A. Bell’s law
B. Murphy’s law
C. Moore’s law
D. Ohm’s law
E. Engel’s law
87.Richard has recently purchased a computer for $600. Compared to the $900 computer which he had purchased way back in 2010, the new one seems to be more efficient in terms of the price he has paid and the power of the microprocessor technology. This phenomenon is best explained by:
A. the law of demand.
B. Campbell’s law.
C. Moore’s law.
D. the law of diminishing returns.
E. Bowley’s law.
88.Which of the following statements is true about the Internet and World Wide Web?
A. It has increased the real costs of information processing and communication.
B. It increases the costs of coordinating and controlling a global organization.
C. It makes it easier for buyers and sellers to find each other, wherever they may be located.
D. It is only accessible to large businesses considered as multinational giants.
E. It increases some of the business constraints of location, scale, and time zones.
89.The advent of containerization has:
A. made the economies of the world’s nation-states less intertwined.
B. made moving goods from one mode of transport to another extremely labor-intensive.
C. significantly lowered the costs of shipping goods over long distances.
D. slowed down the globalization of markets and production.
E. increased costs of coordinating and controlling a global organization.
90.Which of the following has been detrimental to the globalization of markets and production?
A. The advent of containerization
B. The use of the Internet and services such as Skype
C. National differences in culture, consumer preferences, and business practices
D. Privatizing state-owned enterprises
E. The collapse of communism
