Business, 30.05.2021 14:00 csarge2972

2. What is absolute advantage? 3. What gives a country a comparative advantage?

4. Why do some countries fear increasing economic interdependence?

5. Why does globalization give countries an incentive to reduce wages for their workers?

6. Why do central banks play an important role in the global economy?

7. What is foreign aid, and what is its main purpose?

8. What is the WTO and what does it do/its goals?

9. What is the IMF and why do they impose conditions on what they do?

10. What is the World Bank and what does it do/its goals?

11. Why has globalization led to an increasing income gap between rich and poor countries?

12. Why hasn't globalization benefited the majority of the world's underdeveloped countries?

13. Name 3 or more challenges caused by globalization.

14. Why do many companies do business in countries where human rights are violated?

15. What are 2 or more benefits of globalization? Include prices.

16. Both Syria and Cuba produce basketballs and soccer balls. Syria can produce basketballs at a lower opportunity cost than Cuba. Cuba can produce soccer balls at a lower opportunity cost than Syria. According to the law of comparative advantage, what should happen?

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2. What is absolute advantage? 3. What gives a country a comparative advantage?

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