Nations have been pouring money into researching and developing new advanced technologies in an effort to stay competitive in the world market.TrueFalseWords have the same meaning across all...

Nations have been pouring money into researching and developing new advanced technologies in an effort to stay competitive in the world market.TrueFalseWords have the same meaning across all languages.TrueFalseSupporters of protectionism say that by increasing the cost of imported goods through tariffs, the government instituting the barrier penalizes the sending country as well as the citizens it is trying to protect.TrueFalseThe impact of barriers to foreign investment led countries to form an independent organization known as the World Trade Organization (WTO).TrueFalseCorruption does not concern governments and is solely a business issue.TrueFalseThe three primary types of global economic systems are centrally planned, market, and market growth.TrueFalseLabor and production costs are typically lower in less developed nations which creates a continuous pull for international corporations.TrueFalseGlobalization is a relatively new paradigm.TrueFalseIn the “Great Revelation,” Confucius revealed the step by step process by which one attains self-development.TrueFalseThe current account, sometimes called the financial account, is the sum of every nation’s gross income from trade in goods and services.TrueFalse