18. The region that tends to lead the U.S. in globalization is: a. New England b

Question

18. The region that tends to lead the U.S. in globalization is: a. New England b. The Mid-West c. The South d. The West e. The Southwest 19. The nation that serves as the major source of the U.S. trade deficit is: a. Japan b. Mexico c. China d. Canada 20. The fact that markets do not always take long-run national competitiveness into account is a form of: a. Mercantilism doctrine b. Protectionism c. Market failure d. Laisse-fair economic policy e. Supply-side economics 21. Statement I: Protectionism is a defensive strategy to stop/slow imports and shelter domestic industry from foreign competition Statement ll: Advocating neo-mercantilism a vocal anti-globalization movement has emerged in recent years with a theme that large nations have turned globalization into a form of economic colonialism a. Statement I and statement II are both true b. Statement I and statement lIl are both false c. Statement I is true and statement II is false d. Statement I is false and statement lIl is true

Explanation / Answer

Ans. 18. D. Silicon Valley is the best example of globalization which is in the Southern part of the California Bay

19. C. China is the country that exports the most to the U.S.

20. B. To avoid competition, countries resort to protectionism

21. A.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.