Foreign direct investment can be beneficial because Developing countries are most likely to see labor standards as a way to protect U

1. Foreign direct investment can be beneficial because

It keeps uninformed investors out of the market so only those "in the know" can make wise investment decision.

2. Developing countries are most likely to see labor standards as a way to protect U.S. jobs, rather than a good faith effort to improve the lives of working people worldwide.

True

3. Increased globalization decreases the demand for unskilled labor in the U.S. and makes labor easier to replace

True

4. Which of the following is not a criticism of free trade

It increases the monopoly power of domestic companies

5. The most important problems with corporate codes of conduct are the establishment of minimum standards and ___________________

An external enforcement mechanism

6. The GATT was an international agreement among countries to reduce tariffs on all products traded between them

False

7. In response to pressure from organizations such as the ILO and the International Trade Union Confederation, most companies today have a corporate code of conduct

False

8. As long as it does not create trade barriers, the WTO allows member countries to establish

Standards necessary to protect human and animal life or health
Standards necessary to conserve exhaustible natural resources
Standards necessary to protect plant life

9. Which of the following is not an outcome of the NAALC

It has reduced the incidence of retaliation against workers who are attempting to unionize

10. A European Works Council is

A transnational, company-level committee of employees from different operations that has the right to consult with and receive information from a company.