PRELIM EXAM (CONTEMP.WORLD)

Globalization refers to countries acting like magnets attracting global capital by closing up their economies to multinational corporations.

• TRUE

• FALSE

  In the early part of 1981, the term globalization had been used in its political sense.

• True

• False

Theodorre Levitte popularized the term globalization by bringing it into the mainstream business audience.

• True

• False

The Theory of Comparative Advantage states that countries that are good at producing particular good are better off exporting it to countries that are less efficient at producing that good.

• True

• False

Market integration could not be concluded that it is an indicator that explains how much different markets are related to each other.

• True

• False

Today, the world’s second largest IFI is the European Investment Bank.

• True

• False

Global economy or economic globalization is concerned on the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations and labor.

• True

• False

IMlF provides temporary financial assistance to member countries to help ease balance of payments adjustments.

• True

• False

Labor market integration occurred between 1882 and 1936 in an area of Asia stretching from South India to Southeastern China and encompassing the three Southeast Asian countries of Burma, Malaysia and China.

• True

• False

In the world of finance and investment a global corporation is one that has significant investments and facilities in multiple countries but lacks a dominant headquarters.

• True

• False