TRUE OR FLASE

1. There are two main components to globalization: globalization of technology and of production

2.Dclining trade, investment barriers, and technological changes are driving towards more globalization

3. Foreign direct investment (FDI) occurs when a firm invests resources in business activities outside its home country

4. Foreign direct investment (FDI) occurs when a firm invests resources in business activities inside its home country

5. The International Monetary Fund (IMF) is primarily responsible for policing the world trading system and making sure nation states adhere to the rules laid down in treaties the nation states have signed

6. Most global markets are for consumer goods despite the national differences in tastes and preferences

7. Technological changes have helped lower transportation costs, making geographically dispersed production system more economical and allow firms to better respond to international customer demands

8. Service workers, who once thought globalization would not affect ther jobs, are discovering that more and more service jobs are being outsourced to foreign countries.

9. A multi-national enterprise is any business that has producive activities in one country