24. Cultural (ethical) relativisn universal moral traths a. means there are no b

Question

24. Cultural (ethical) relativisn universal moral traths a. means there are no b. is used by some firms to justity questionable e. can be substituted for by a set d. leads to proper behavior by employees in e. (a) through (e) above. of ethical guidelines. every sit 25. The following is/are true about the is/are true about the WTO a. there are s0 members accounting for about half of world trade. b the WTO has no trade dispute resolution e. the latest round of negotiations, called the Doba round, is not complete. faces include agricultural and anti-dumping policies. e. only (e) and (d) above. 26. According to experts, innovation leads to economie encouraging innovation is (are): b. et cconomy c. protection of intellectual property rights d. (b) and (c) above. e all of (a), (b) and (e) above Proportions (leckscher-Ohlin) Comparative Advantage Theory, Factor additional factors of production 27. When compared to Theory considered two a. land and labor b. labor and capital c, capital and land. d. technology and product. e none of the above. 28. In the year 2016,the data we have shows the U.S. largest trade deficit has been with: a. Japan. b. China. c. UK. d. Mexico. e. none of the above. 29. All of the following are major drivers of globalization except a. declining trade barriers. b. lower costs for transportation. c. lower costs for communications. d. resource nationalism. e. declining investment barriers.

Explanation / Answer

(e) through (a) and (c) above (d) Major problems the WTO faces include agricultural and anti- dumping policies. (d) (b) and (c) above (b) labour and capital (b) China (d) Resource nationalism

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