Answered: The United Nation can be considered as…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The United Nation can be considered as a type of global governance.

A. Global governance might be attained by a single monolithic, unitary government operating on a global scale in the same way as national governments operate.

B. Global governance can be attained by a monolithic global government representation of governments with high levels of cooperation and sovereignty sacrifice.

Select one:

a. Both A and B justify the given statement.

b. Neither A nor B justify the given statement

c. Only B justifies the given statement.

d. Only A justifies the given statement.

Liberalism on global governance…

Select one:

a. Global governance is founded on an ideation system – composed of identity and culture – in which normative and instrumental features are articulated individually and collectively and are context-dependent.

b. Global governance focuses on nation-states and global collaboration as the principal actors in international relations.

c. Global governance is viewed as a hoax designed by rational autonomous nations to increase their position and relative power in international economic rivalry, influence weaker governments, and/or compete for world repute.

d. Global governance is a monolithic global government representation of governments with high degrees of cooperation and sovereignty sacrifice.

e. Global governance acknowledges non-state actors and does not see the state as the primary unitary actor; rather, it anticipates a balanced interaction of social forces.

f. Global governance believes international institutions to be important determining components as indicated by admitting the need of formal international organizations in coordinating international cooperation.

Established in 1980 to review international development issues

Select one:

a. Brandt Report

b. mutual interest

c. Brandt Equation

d. Brandt Line

e. Brandt Commission

f. Willy Brandt

Grouping of countries into blocs for cooperation to ensure that the unique needs of the member countries are met

Select one:

a. interconnection

b. contradicting union

c. globalization

d. accommodation

e. regionalization

f. integration

Global corporations expand in countries that offer low manufacturing cost.

Select one:

a. increase on customer base

b. creation of new jobs

c. reduction on operating costs

d. boost growth rate

The international monetary system is the world economy's primary issue, and it must be addressed.

Select one or more:

a. Mutual collaboration and commerce among emerging nations must be fostered as well.

b. This would increase their profits from commodities because commodity prices will be stabilized to avoid market swings.

c. For this to happen, international food security measures, foreign aid, and altered priorities are required.

d. If monetary stability is to be enhanced, Special Drawing Rights must be the primary reserve asset.

e. Significant resource transfers from developed nations, as well as improved economic management in developing countries, are required to eradicate poverty.

f. Developing countries would profit, and solid partnerships between host governments and major firms would be encouraged.

Goals of globalization and regionalization might be highly diverse in some circumstances but similar in others.

Select one:

a. accommodation

b. integration

c. regionalization

d. contradicting union

e. globalization

f. interconnection

With globalization, companies are driven by making their presence in the different parts of the world.

Select one:

a. intercontinental companies

b. international companies

c. world corporations

d. global corporations

Third-world nations must be able to process their raw resources locally, as well as engage in worldwide marketing and distribution.

Select one:

a. If monetary stability is to be enhanced, Special Drawing Rights must be the primary reserve asset.

b. For this to happen, international food security measures, foreign aid, and altered priorities are required.

c. Mutual collaboration and commerce among emerging nations must be fostered as well.

d. This would increase their profits from commodities because commodity prices will be stabilized to avoid market swings.

e. Significant resource transfers from developed nations, as well as improved economic management in developing countries, are required to eradicate poverty.

f. Developing countries would profit, and solid partnerships between host governments and major firms would be encouraged.

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

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