Economic Globalization

Question 1

What are the purposes of international economic organizations? Select three answers.to resolve trade disputesto decrease regulation of product supply chainsto promote fair and successful tradeto solve the problems of various countriesto encourage trade in developing countries

Revolt · Accepted Answer

to resolve trade disputes; to promote fair and successful trade; to encourage trade in developing countries

Question 2

What is the primary purpose of the European Union?

Revolt · Accepted Answer

to allow more trade between countries

Question 3

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

Revolt · Accepted Answer

rapid population increase

Question 4

How did joining NAFTA affect the Mexican economy?

Revolt · Accepted Answer

It helped improve the economy.

Question 5

A multinational organization is defined as a business that

Revolt · Accepted Answer

operates in multiple countries.

Question 6

As economies grow, they demand more

Revolt · Accepted Answer

raw materials.

Question 7

In countries such as China, globalization has led to

Revolt · Accepted Answer

a better standard of living.

Question 8

Trade blocs help countries by

Revolt · Accepted Answer

allowing the pooling of resources.

Question 9

The graph shows US Oil Import Prices from 1995 to 2010.What most likely caused the steady increase in price per barrel of oil between 2001 and 2008?

Revolt · Accepted Answer

demand from developing countries

Question 10

How can businesses best take advantage of globalization?

Revolt · Accepted Answer

by transporting resources from distant locations

Economic Globalization Answers

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