Week 2 assignment

drag each item to the correct implication for business in the chart.

declining trade barriers: better ability to export goods declining investment barriers: better ability to optimize location economies enhanced communication technologies: growth in e-commerce enhanced transportation technologies: lowered distance between countries

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

globalization of production

A major factor contributing to the fraying of globalization since 2008 is

more regulations limiting credit

Which socioeconomic group is feeling left behind in the age of globalization?

the lower and middle classes

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?

The World Trade Organization

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?

international business

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

international trade

A common complaint among those pushing back against globalization is that

the benefits of globalization are not evenly distributed among socioeconomic classes.