AnswersWorld History IIEconomic Globalization

Economic Globalization — Quiz Answers

37 verified answers2 views
21
Free Preview

In countries such as China, globalization has led to

A
a small middle class.
B
a better standard of living.
C
a trade agreement with other nations.
D
a large population at the poverty level.
22
Free Preview

In countries such as China, globalization has led to

A
a better standard of living.
B
a large population at the poverty level.
C
a trade agreement with other nations.
D
a small middle class.
23

What is the primary purpose of the European Union?

A
to allow more trade between countries
B
to permit workers to seek employment in international areas
C
to encourage immigration from one country to another
D
to create a common currency
24

How has the Internet improved business communication worldwide? Choose three correct answers.

A
It allows for instant communication.
B
It enables people to monitor economic trends.
C
It makes it possible to buy and sell instantly.
D
It always provides reliable information.
E
It ensures all messages are secure from hackers.
25

What is the primary purpose of the European Union?

A
to create a common currency
B
to encourage immigration from one country to another
C
to permit workers to seek employment in international areas
D
to allow more trade between countries
26

In countries such as China, globalization has led to

A
a small middle class.
B
a trade agreement with other nations.
C
a large population at the poverty level.
D
a better standard of living.
27

Trade blocs help countries by

A
improving product production.
B
limiting competition.
C
increasing barriers to trade.
D
allowing the pooling of resources.
28

Trade blocs help countries by

A
increasing barriers to trade.
B
allowing the pooling of resources.
C
limiting competition.
D
improving product production.
29

NAFTA can be defined as

A
a means to acquire convenient resources.
B
a way for corporations to more easily outsource labor.
C
an agreement between bordering nations.
D
a unification treaty that limits trade barriers.
30

What is the primary purpose of the European Union?

A
to permit workers to seek employment in international areas
B
to create a common currency
C
to encourage immigration from one country to another
D
to allow more trade between countries
31

How can businesses best take advantage of globalization?

A
by increasing employment and production
B
by streamlining equipment to increase production
C
by transporting resources from distant locations
D
by communicating with suppliers and buyers
32

Which causes the most problems in countries with low economic growth?

A
low unemployment
B
poor education
C
higher standard of living
D
rapid population increase
33

Which causes the most problems in countries with low economic growth?

A
higher standard of living
B
poor education
C
low unemployment
D
rapid population increase
34

Which causes the most problems in countries with low economic growth?

A
rapid population increase
B
higher standard of living
C
low unemployment
D
poor education
35

Trade blocs help countries by

A
allowing the pooling of resources.
B
limiting competition.
C
improving product production.
D
increasing barriers to trade.
36

Which group is an example of a commodity organization?

A
North American Free Trade Agreement
B
World Trade Organization
C
Organization of Petroleum Exporting Countries
D
European Union
37

Which group is an example of a commodity organization?

A
European Union
B
World Trade Organization
C
North American Free Trade Agreement
D
Organization of Petroleum Exporting Countries

Did you find these answers helpful?

More from this Course

Quiz
36 verified answers

Quiz

Quiz
28 verified answers

Quiz

Quiz
10 verified answers

Quiz