What is one of the key challenges facing managers of global supply chains?

• Lack of technology

• Volatile global economy

• Limited workforce

• High local demand

What concept did Adam Smith introduce in "The Wealth of Nations" related to international trade?

• Theory of Comparative Advantage

• Theory of Absolute Advantage

• Theory of Supply and Demand

• Theory of Economic Growth

What is the impact of urban growth on countries, according to the learning objectives?

• Decreases economic opportunities

• Provides challenges and opportunities

• Reduces population size

• Limits technological advancement

What is the role of technology and information systems in economic growth?

• They have no significant role

• They hinder development

• They play internal and external roles

• They only affect developed countries

What theory postulates that a country with more of one of the four Factors of Production may have a comparative advantage?

• Factor Endowment Theory

• Absolute Advantage Theory

• Comparative Advantage Theory

• Theory of Specialization

Which countries are projected to have over four times as many people as the U.S.?

• China and India

• Brazil and Russia

• Indonesia and Turkey

• South Africa and Argentina

What are some of the essential factors for economic growth and increased development of global trade flows?

• Population growth, urbanization, and communication systems

• Military strength, political stability, and cultural influence

• Tourism, agriculture, and entertainment

• Climate change, biodiversity, and renewable energy

What is one of the main challenges for developed countries with aging populations?

• Increased birth rates

• Lower health care costs

• Increased health care costs

• Higher labor productivity

What is a Megacity as defined in the document?

• A city with 5 million or more inhabitants

• A city with 10 million or more inhabitants

• A city with 15 million or more inhabitants

• A city with 20 million or more inhabitants

What role can the private sector play in the development of large urban communities?

• Reducing the size of cities

• Providing public funding

• Innovating and addressing infrastructure shortages

• Limiting migration