Question

16. India, Indonesia and Malaysia should be advised to focus their efforts in producing bioethanol.

17.Globally, if countries decide to consume more "environment friendly" biofuels, one should expect to see higher prices for sugar,corn, wheat, beets, palm oil, etc., which in turn should raise farm income.

18. The World Bank sees globalization as an opportunity to reach global solutions to national challenges.

19. The financial crisis of 2008 is only attributable to the negative impact of globalization.

20. The world's center of economic gravity is shifting towards emerging economies, for example, China.

Please answer each question as a True or False

Answer 1

India, Indonesia and Malaysia should be advised to focus their efforts in producing bioethanol.

False

Globally, if countries decide to consume more "environment friendly" biofuels, one should expect to see higher prices for sugar,corn, wheat, beets, palm oil, etc., which in turn should raise farm income.

True

The World Bank sees globalization as an opportunity to reach global solutions to national challenges.

True

The financial crisis of 2008 is only attributable to the negative impact of globalization

False

The world's center of economic gravity is shifting towards emerging economies, for example, China.

True