The motive behind the high tariffs imposed by nations on imports of manufactured goods prior to World War II was to: protect domestic industries from foreign competition.

Globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production like land, labor, and capital.

The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries.

Which of the following is a power of the WTO? It can grant loans to cash-strapped governments in poor nations. It can make decisions related to international trade without considering the collective interests of member-states.

The United States is the only developed nation to see its relative standing in the share of world output slip. E. Today, roughly half the globe—the centrally planned economies of the communist world—is off-limits to Western international businesses.

In which of the following ways does the study of societal globalization differ from that of political globalization? It focuses on the formation of civil society that stretches beyond borders.

What is the chief advantage that a categorization using “developed,” “communist/postcommunist,” and “developing” might have over the “three worlds” model? It allows for the possibility that a country might transform and take on a new designation.

What is the chief advantage that a categorization using “developed,” “communist/postcommunist,” and “developing” might have over the “three worlds” model? It incorporates the Human Development Index into categorization. b. It allows for the possibility that a country might transform and take on a new designation.

The best-known example of regional integration is the European Union (EU), an economic and political intergovernmental organisation of 27 member states, all in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states.

Which of the following is currently a major source of contention in the European Union? Future membership for Turkey.

the correct answer is European Union trade policy creates opportunities for trade with member nations by promoting fair policies, common currency, and investment possibilities.

Article 50 of the Treaty on European Union (TEU) states that “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”. As of December 2020, the United Kingdom is the only former member state to have withdrawn from the European Union.

The labour market in Greenland is unusual, as most jobs are in the public sector or in large government-owned companies, and the private sector is very small. There is very low unemployment, and for some jobs in certain industries, it is difficult to attract labour.

Fisheries. Fishing is the lifeline and primary industry of the Greenlandic economy. The most commercial resources are shrimps, Greenland halibut and recently the reintroduction of cod.

1. Surgeons / Doctors. Salary Range: from 53,600 DKK to 162,000 DKK.
2. Judges. Salary Range: from 45,000 DKK to 136,000 DKK.
3. Lawyers. Salary Range: from 36,400 DKK to 110,000 DKK.
4. Bank Managers. Salary Range: from 34,300 DKK to 104,000 DKK.
5. Chief Executive Officers.
6. Chief Financial Officers.
7. Orthodontists.
8. College Professors.