Virginia Tech MGT MGT MISC 1) Innovation is one factor used to measure a society’s quality of life. True False 2) Higher degrees of wealth are always generated by high-end

Virginia Tech MGT MGT MISC 1) Innovation is one factor used to measure a society’s quality of life. True False 2) Higher degrees of wealth are always generated by high-end

13) The principle of free trade allows for movement of goods and services among nations without political or economic restrictions.

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14) The global economy has many potential negative impacts on the United States. Which of the following does NOT describe a negative impact?

A) increased global interest in U.S. exports

B) loss of manufacturing jobs in the Midwest

C) wage stagnation for American workers

D) domestic impacts from economic problems in other countries

E) quality and safety concerns with imported products

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