When a country drops its rule preventing the importing of foreign-made cars, it is increasing globalization through technological innovation
Indicate whether the statement is true or false
FALSE
Explanation: Trade barriers prevent the flow of goods and services across national boundaries. A decline in trade barriers, such as allowing imports of cars, makes global business much cheaper and easier. This change in rules would be considered a reduction in barriers, not technological innovation.
You might also like to view...
Which of the following is true of business confidence indices?
Question options: They show how sure actual managers are about future business growth. They indicate how businesses have been performing over the previous years. They show how confident customers are about the companies they do business with. They indicate general economic statistics over the previous years.
What two types of artwork can be included in the foreground of electronic slides? Briefly explain the distinction between these types
What will be an ideal response?