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Cards In This Set
| Front | Back |
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The areas described in the text as the most dominant in the global economy include:
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-North America
-Western Europe -Asia |
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Which of the following is the overarching goal of unification of the European Union?
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Strengthen Europe's position as an economic superpower, particularly vis-a-vis the United States
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Under (the) _____ member countries have agreed to adopt a common European currency called the euro?
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NAFTA
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To be competetitve in a global economy, Europeans must increase their level of ______?
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Productivity
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Which country does th etext describe as becoming the largest producer and consumer of many of the worlds goods?
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China
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One study found that maufacturing labor costs about _____ an hour in China, compared to ______ dollars in the United States.
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Less than $1; about $25
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NAFTA combined the economies of
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The U.S., Canada, and Mexico
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The passage of NAFTA has provided short-term benefits to which of the following industries?
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-The auto industry
-Grain producers -The financial industry -Capital-goods suppliers |
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Which of the following existing agreements includes Guatemala, Honduras, and the United States?
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CAFTA-DR
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Which country does the text describe as having become an important provider of online computer and software support for the U.S.?
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India
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What are consequences of the increasing integration of the global economy?
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Many compaies find their home markets under attack from foriegn competition.
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Today's managers operate in an environment that is ____ complex and competitive and offers more _____.
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More; opprotunities
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Operating in a global marketplace is considered more complex because?
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Of varying cultures and coordination of globally dispersed operations.
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_______ occurs when the organization contracts with an outside provider to produce one or more of an organization's products or services.
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Outsourcing
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______ occurs when companies move jobs to another country, typically where wages are lower.
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Offshoring
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