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WGU D080 Objective Assessment 2023 Questions and Answers (Verified Answers) 1.Which negative outcome on political systems comes from globalization?- ANS
: Creation of isolationist policies
2.Which factor results in a higher rate of globalization ANS Reduced trade bar- riers 3.What are the four factors in Ghemawat's CAGE analysis ANS Culture, admin- istration, geography, economy 4.What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages ANS Loss of manufac- turing jobs 5.A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. 1 / 3
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What is the impact of this system on the process of globalization ANS The globalization process is at a disadvantage as the country has a lower standard of living.
6.What is a characteristic of a market economy ANS Firms seek to maximize profi ts.
7.Which impact does Islamic law directly have on businesses ANS It forbids charging interest.
8.Which institution helps to maintain availability of global financing to solve trade deficit issues ANS International Monetary Fund 9.What is the current focus of the World Bank ANS Improving quality of life 10.For which concern has the World Trade Organization been criticized ANS - Adoption of labor standards protecting labor rights 11.How is the Special Drawing Right of the International Monetary 2 / 3
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Fund (IMF) valued ANS It is based on the value of the five most significant members' currencies.
12.Two countries agree to open their borders to international business transactions with one another without tariffs.How does this affect global business ANS It leads to developing free trade policies with strategic partners.
13.A country uses its established technology infrastructure to produce a good.