1. When IMF grants loans to the nation-states, it requires nation-states to adopt specific economic policies aimed at returning their troubled economies to stability and growth.

True or Fasle

2. The decline in the share of the United States in the world output reflects the growing economic development and industrialization of the world economy, as opposed to any absolute decline in the health of the U.S. economy.

True or False

3. Which of the following statements is true about globalization?

We are moving toward a world in which national economies are becoming self-contained entities.

Regulatory and administrative barriers to doing business in foreign nations have been increased.

Globalization has been increasingly helping people protect their jobs from foreign competition.

As a result of globalization, people living in developed nations have the playing field tilted in their favor.

A company does not have to be the size of a multinational giant to facilitate, and benefit from, the globalization of markets.