1.Which best describes Detroit Bike’s sourcing of components from other countries for assembly in the United States? a. globalization b. factors of production c. globalization of markets d. integrated markets e. globalization of production 2.Which best describes what takes place when a Chinese supplier of bicycle parts exports bike seats to Detroit Bikes? a. foreign direct investment b. international trade c. moore’s Law d. the General Agreement on Trade and Tariffs e. globalization 3.Detroit Bike’s strategy has been impacted by tariffs imposed by Donald Trump on parts imported from China. Which institution is responsible for ensuring countries adhere to their trade treaties? a. The General Agreement on Trade and Tariffs b. The International Monetary Fund c. The World Bank d. The World Trade Organization e. The United Nations 4.Detroit Bike is located in the United States, assembles its product in the United States, but imports components from China and other countries. Which best describes Detroit Bikes? a. an exporter b. an international business c. a foreign investor d. a transnational company e. a multinational company

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1.Which best describes Detroit Bike’s sourcing of components from other countries for assembly in the United States?

a. globalization
b. factors of production
c. globalization of markets
d. integrated markets
e. globalization of production

2.Which best describes what takes place when a Chinese supplier of bicycle parts exports bike seats to Detroit Bikes?

a. foreign direct investment

b. international trade

c. moore’s Law
d. the General Agreement on Trade and Tariffs
e. globalization

3.Detroit Bike’s strategy has been impacted by tariffs imposed by Donald Trump on parts imported from China. Which institution is responsible for ensuring countries adhere to their trade treaties?

a. The General Agreement on Trade and Tariffs

b. The International Monetary Fund

c. The World Bank
d. The World Trade Organization
e. The United Nations

4.Detroit Bike is located in the United States, assembles its product in the United States, but imports components from China and other countries. Which best describes Detroit Bikes?

a. an exporter
b. an international business
c. a foreign investor
d. a transnational company
e. a multinational company

 

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