When compared to EU based companies, a comparative disadvantage for US based firms is: Health care cost Higher tax rates Higher rate of unionization O The use of the $ as a unit of exchange in international trade Consequences (results, good or bad) from globalization include: Global trade is a multi trillion dollars activity, more than doubling over the last 20 years. True False Political arguments against free trade include: OA. National security and consumer perception OB. Foreign policy and environmental and social responsibility OC. Foreign policy and national security OD. National security, consumer perception, foreign policy, and environmental and social responsibility Based on imports and exports the major trading nations where companies are located and trade include: BRIC countries True False Factors that drive (favor) globalization include hyper- nationalism True False One of the following assertion is correct: A. The population of Japan is increasing rapidly B. The BRIC countries are growing in 2020 C. There is no political risk in the US D. Automation, not globalize on is the main culprit in reducing the number of jobs in industry in the US China is now the largest market on earth based on GDP computed in PPP O True False