36. Which of the following is most likely to be considered unethical?
A. Galaxy Inc. ceased its operations in some developing nations on account of low
employment standards in those countries.
B. Unicorn Inc. sells its medicines at a lower price in less developed nations.
C. Capricorn Inc., a multinational company operating in developing nations, pays its labor 30
percent more than what the local competitors pay.
D. Centaur Inc. had to close down a production plant as the local management there had
employed child labor.
E. Orion Inc. sends its waste products for disposal to a developing nation because the
pollution control laws in its home country are much more strict than those in the developing
nation.
Answer
E. Orion Inc. sends its waste products for disposal to a developing nation because the
pollution control laws in its home country are much more strict than those in the developing
nation.
The term global commons refers to:
A. social norms and values that are common across the globe.
B. a group of nations that share similar ideologies on globalization.
C. natural resources from which everyone benefits but for which no one is specifically
responsible.
D. common laws to be obeyed by companies involved in international business.
E. arrangements, like common currencies, between countries to simplify international trading.
Answer
C. natural resources from which everyone benefits but for which no one is specifically
responsible.
Which of the following occurs when a resource held jointly by all, but owned by no one, is
overused by individuals, resulting in its degradation?
A. Social loafing
B. Cultural relativism
C. The tragedy of the commons
D. A deadweight loss
E. Capital deepening
Answer
C. The tragedy of the commons
In the modern world, corporations can worsen the global tragedy of the commons by:
A. moving production to locations where they are free to pump pollutants into the environment.
B. imposing stringent environmental standards on developing countries.
C. creating common environmental and employment standards for all nations.
D. adopting costly pollution controls and in turn losing out on economic advantages.
E. adhering to civil laws rather than common laws in case of any environmental violations.
Answer
A. moving production to locations where they are free to pump pollutants into the environment.
Which of the following best exemplifies the global tragedy of the commons?
A. A firm exploiting the weak employment standards in a host nation
B. A firm dumping its chemical wastes directly into an ocean
C. A firm exploiting the weak intellectual property rights in a developing nation
D. A neighboring country opposing the introduction of a free trade area
E. A country denying its citizens basic human rights
Answer
B. A firm dumping its chemical wastes directly into an ocean
A. Galaxy Inc. ceased its operations in some developing nations on account of low
employment standards in those countries.
B. Unicorn Inc. sells its medicines at a lower price in less developed nations.
C. Capricorn Inc., a multinational company operating in developing nations, pays its labor 30
percent more than what the local competitors pay.
D. Centaur Inc. had to close down a production plant as the local management there had
employed child labor.
E. Orion Inc. sends its waste products for disposal to a developing nation because the
pollution control laws in its home country are much more strict than those in the developing
nation.
Answer
E. Orion Inc. sends its waste products for disposal to a developing nation because the
pollution control laws in its home country are much more strict than those in the developing
nation.
The term global commons refers to:
A. social norms and values that are common across the globe.
B. a group of nations that share similar ideologies on globalization.
C. natural resources from which everyone benefits but for which no one is specifically
responsible.
D. common laws to be obeyed by companies involved in international business.
E. arrangements, like common currencies, between countries to simplify international trading.
Answer
C. natural resources from which everyone benefits but for which no one is specifically
responsible.
Which of the following occurs when a resource held jointly by all, but owned by no one, is
overused by individuals, resulting in its degradation?
A. Social loafing
B. Cultural relativism
C. The tragedy of the commons
D. A deadweight loss
E. Capital deepening
Answer
C. The tragedy of the commons
In the modern world, corporations can worsen the global tragedy of the commons by:
A. moving production to locations where they are free to pump pollutants into the environment.
B. imposing stringent environmental standards on developing countries.
C. creating common environmental and employment standards for all nations.
D. adopting costly pollution controls and in turn losing out on economic advantages.
E. adhering to civil laws rather than common laws in case of any environmental violations.
Answer
A. moving production to locations where they are free to pump pollutants into the environment.
Which of the following best exemplifies the global tragedy of the commons?
A. A firm exploiting the weak employment standards in a host nation
B. A firm dumping its chemical wastes directly into an ocean
C. A firm exploiting the weak intellectual property rights in a developing nation
D. A neighboring country opposing the introduction of a free trade area
E. A country denying its citizens basic human rights
Answer
B. A firm dumping its chemical wastes directly into an ocean
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