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Exam 11: Globalization

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Question 71

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The NAFTA Labor side agreement calls for compliance and effective enforcement of the labor laws within each member country.

A) True
B) False

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Question 72

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According to free market economic models,free trade across countries encourages all of the following except:

A) More efficient utilization of scarce resources
B) Increased size of product markets
C) Generalist countries (i.e. ,countries that can produce some of everything)
D) Reduced monopoly power of domestic companies

E) C) and D)
F) A) and D)

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Question 73

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The Social Charter is a legally binding agreement between European Union countries outlining desired standards of treatment of people,including workers.

The primary objective of European unification has been to create a thriving economy in response to increased competition from Asia over the past 30 years.

The cross-border flow of goods and services is called international trade.

Compared to other economic integration agreements,like NAFTA,one can say that the European Union has the greatest degree of integration.

The European Union includes ____________________.

A European Works Council is a transnational,company-level committee of employees that gives workers the opportunity to learn about their company's financial health and future plans,and to have a voice in providing feedback and ideas about these plans.

The rights of a European Works Council include all of the following except:

If a signatory country to the WTO wants to pass a law to establish higher product standards for a particular import,it must be able to produce scientific evidence supporting the need for these standards.

One of the advantages to free trade is that the benefits of trade flow are shared equally between labor and management.

The purpose of the NAALC is to protect:

The greatest successes of the NAALC include all of the following except:

International investment portfolios can be beneficial because:

Briefly define the four dimension of globalization.

_______________________________ occurs when all trade barriers between countries are removed to allow consumers and produces to benefit from specialization and economies of scale.

As long as it does not create trade barriers,the WTO allows member countries to establish:

Explain the dimensions of a corporate global strategy.How does each affect labor relations?

The _______________________________ is a worldwide federation of national union federations representing more than 150 countries that seeks to facilitate consultation,communication,and cooperation among unions internationally.

The _______________________________ consists of representatives from member countries of the European Union that acts as an executive body and drafts legislation.