TCWD MARKET INTEGRATION

It is an organization composed primarily of sovereign states, established by treaty or other agreement that acts as a character creating the group.

• National organization

• Intergovernmental organization

• Intergalactic organization

• None of the above

Which of the following is not an intergovernmental organization

• National Governmental Organization

• World bank

• International monetary fund

• World trade organization

When prices among different locations or related goods follow the same pattern over a long period of time _____ exist.

• Globalization

• World Market

• Market integration

• Foreign Direct investment

It is an international financial institution that provides loans and grants to the government of poorer countries for the purpose of pursuing capital projects.

• International Monetary fund

• World trade organization

• United nations

• World bank

The general complaint about globalization is that it has made the rich richer while making the non-rich poorer.

• True

• False

• Maybe

• Not at all

Competition between countries is supposed to drive prices down. In many cases this is not working because countries manipulate their currency to get a price advantage.

• True

• False

• Maybe

• Not at all

It is the phenomenon by which price interdependence takes place.

• Price freeze

• Market integration

• Consumerism

• Equilibrium

_____ refers to the decline in barriers to selling in countries other than the taking home country.

• Economic Globalization

• Market Globalization

• Economic Integration

• Production globalization

_____ is the sourcing of materials and services from other countries to gain advantage of price differences.

• Economic Globalization

• Production Globalization

• Market Globalization

• Economic Integration

Goods can travel freely between countries and no tariffs are charged when crossing borders. Which of the following primary effects of globalization is being described in this situation.

• Distributed Operations

• Changes in Location

• Reduced Distribution cost

• Increasing complexity