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Global Trade & Ethics: True/False Quiz

Yes or No

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About this activity

Quick true/false on trade, finance, ethics.

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Canada

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Global Trade & Ethics: True/False Quiz
 

Global Trade & Ethics: True/False QuizOnline version

Quick true/false on trade, finance, ethics.

by Robbie Law
1

The Bretton Woods era established floating exchange rates.

2

The 737 MAX 8 case involved no regulatory scrutiny or consequences for leadership.

3

Mondragón is a single-owner corporation known for aggressive expansion through takeovers.

4

The corporate veil protects owners from personal liability for corporate actions.

5

Comparative advantage means countries should produce goods they can make most efficiently relative to others.

6

Debt trap concerns are irrelevant to developing nations.

7

The Boeing 737 MAX 8 case study highlights MCAS software reliance on a single sensor as a root cause.

8

FDI involves a firm owning or controlling operations in another country.

9

Tariffs, quotas, and subsidies increase overall efficiency and consumer welfare.

10

Debt traps occur when countries borrow to pay off existing debt, creating a cycle of repayments.

11

All countries always benefit equally from globalization, regardless of domestic institutions or policies.

12

Comparative advantage means countries benefit by producing goods they are relatively more efficient at.

13

Fair trade guarantees profits for producers in every situation, with no risk of loss.

14

Colonialism successfully eliminated global inequalities and created universal wealth sharing.

15

Mondragon is presented as a worker-owned cooperative illustrating the pluriverse concept.

16

Foreign direct investment (FDI) is simply money moved abroad with no control or managerial influence.

17

A debt trap occurs when countries borrow more to pay off existing debt, leading to ongoing repayment challenges.

18

The Boeing 737 MAX 8 case study highlights MCAS reliance on a single sensor as a root cause.

19

The corporate veil provides limited liability, shielding owners from personal liability for corporate debts.

20

The Bretton Woods system still maintains fixed exchange rates today without any fluctuations.

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