18-

Financial globalization has not resulted in:

Selected Answer:	[None Given]
Answers:	capital markets less open and a decrease in the availability of capital for many organizations.
	an increase in quantity and speed in the flow of capital across the world.
	uniform ways of ownership, control, and governance across the world.
	continuing imbalances of balance of payments.

19-

Which of the following is NOT a reason governments interfere with comparative advantage?

Selected Answer:	[None Given]
Answers:	national self-sufficiency in defense-related industries
	Governments promote economic development.
	Governments attempt to achieve full employment.
	All are reasons governments interfere with comparative advantage.

20-

Which of the following would NOT be a way to implement comparative advantage?

Selected Answer:	[None Given]
Answers:	Computer hardware is designed in the United States but manufactured and assembled in Korea.
	Water of the greatest purity is obtained from wells in Oregon, bottled, and exported worldwide.
	IBM exports computers to Egypt.
	All of the above are examples of ways to implement comparative advantage.

21-

Which of the following factors of production DO NOT flow freely between countries?

Selected Answer:	[None Given]
Answers:	financial capital
	raw materials
	(non-military) technology
	All of the above factors of production flow freely among countries.

22-

The phase of the globalization process characterized by imports from foreign suppliers and exports to foreign buyers is called the:

Selected Answer:	[None Given]
Answers:	domestic phase.
	import-export banking phase.
	international trade phase.
	multinational phase.

23-

A well-established, large China-based MNE will probably be most adversely affected by which of the following elements of firm value?

Selected Answer:	[None Given]
Answers:	access to qualified labor pool
	high-quality strategic management
	access to capital
	an open marketplace