Multiple Choice 7-10 (International Business)

The common trigger behind each phase of Globalization is Advances in Technology. True False Question 8 ( 1 point) GATT was influential due to..? Select all that apply. (Points based on right minus wrong selections, +/0.25 pts per answer) Agreement to regulation international monetary system. Reduction of trade barriers worldwide. Creation of IMF and World Bank. Creation of large manufacturing and trading firms GATT was influential due to..? Select all that apply. (Points based on right minus wrong selections, +/0.25 pts per answer) Agreement to regulation international monetary system. Reduction of trade barriers worldwide. Creation of IMF and World Bank. Creation of large manufacturing and trading firms Question 9 (1 point) A key point of Phase 5 of globalization is the fast growth in the trade of manufactured goods. True False Internationalization of firm's value chain can be seen in how firms are relocating key value-adding activities to the most advantageous locations around the world. For example, Apple's R\&D occurs mainly here in the US while the manufacturing occurs mainly in China. True False