WorksheetsMultinational corporation
Total questions: 10
Worksheet time: 5mins
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
Decentralization
Privatization
Globalization
Heterogenization
Which organization provides a mechanism for dispute resolution and the enforcement of trade laws?
The UN
The IMF
The world Bank
The WTO
Which type of legal system is based on a very detailed set of laws organized into codes?
Contract law
Civil law
Common law
Theocratic law
Which of the following is not one of the three broad types of economic systems?
Market economy
command economy
Mixed economy
Free economy
The political, economic and legal systems of a country are called
Political Legal systems
Economic systems
Legal Political systems
Political economy
Who suggested the theory of comparative advantage?
Adam Smith
David Ricardo
Heckscher and Ohlin
Micheal Porter
Multinational companies are concerned with ethics is all of the following areas except
Employment practices
Human rights
Trade regulations
Environmental regulations
The European Union is an example of a(n)
Free trade Area
Customs Union
Common market
Economic Union
The rate at which one currency is converted into another is the
Exchange rate
cross rate
Conversion rate
Market rate
Countries with a weak economy should go for ____________exchange rate system.
Fixed
Floating
Pegged
market
