Deck 16: Globalization

Question 1

Most inexpensive textiles sold in the U.S. are manufactured _______ .

A) in union shops
B) by K-Pan
C) abroad
D) in southern states

Answer 1

abroad

Question 2

"The Market at the bottom of the pyramid" is a phrase that refers to the concept that _______ .

A) poor people greatly outnumber the rich and buy more overall
B) rich people can spend so much in a single purchase that they are to be courted
C) selling things in the Egyptian desert
D) U.S. Federal Reserve policy

Answer 2

poor people greatly outnumber the rich and buy more overall

Question 3

An example of a bottom of the market product is:

A) Bulk toilet paper at a warehouse club
B) One liter bottle of generic hand soap
C) A food stamp
D) Single use packet of Pantene shampoo Correct

Answer 3

Single use packet of Pantene shampoo Correct

Question 4

Which is not a principle of creating the capacity to consume?

A) Abundance
B) Affordability
C) Access
D) Availability

Question 5

Which is not generally a characteristic of a sweatshop?

A) Overtime pay
B) Piecework schedules
C) Crowded workspace
D) Low wages

Question 6

Which company has not been accused of using sweatshop labor to profit?

A) Nike
B) Gap
C) Wal-Mart
D) None of these

Question 7

An emotive word or description is one that _______ .

A) has no connotation attached
B) conveys emotional content
C) carries only intellectual information
D) is clearly ambiguous

Question 8

Living wage implies_______ .

A) the wage level set by law
B) a wage level that will allow one to own land
C) the minimum wage
D) a wage level which a person can have a dignified lifestyle

Question 9

Immiseration implies_______ .

A) impoverishment of workers
B) good wages for all
C) work in exchange for a just wage
D) third world hiring practices

Question 10

"Bottom of the pyramid" refers to _______

A) more at the bottom than the top
B) having a strong foundation
C) large supporting structures of any type
D) Egyptian architecture

Question 11

Wages are largely the same throughout the world.

Question 12

The price of raw materials varies throughout the world.

Question 13

Sweatshops generally have long hours and low pay.

Question 14

There is no market at the bottom of the pyramid.

Question 15

The most people live "at the middle of the pyramid."

Question 16

The people at the bottom of the pyramid generally live on less than $2 a day.

Question 17

Choices and self-esteem lead to opportunity.

Question 18

India has almost no people who can be considered "very poor" on a global economic scale.

Question 19

Poverty premium means things may actually cost more in poor areas.

Question 20

The poor adapt as well to technology as any other group having similar access to the given technology.