Economic Globalization

Question 1

Globalization has the largest effect on

Revolt · Accepted Answer

economies.

Question 2

The graph shows US trade with Mexico.In what years did US exports to Mexico remain approximately the same?

Revolt · Accepted Answer

2000–2005

Question 3

How can businesses best take advantage of globalization?

Revolt · Accepted Answer

by transporting resources from distant locations

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

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 7

Globalization has affected developed countries by

Revolt · Accepted Answer

turning their focus to providing services.

Question 8

Why do companies choose to outsource work?

Revolt · Accepted Answer

to increase profits

Question 9

Which group is an example of a commodity organization?

Revolt · Accepted Answer

Organization of Petroleum Exporting Countries

Question 10

How has the Internet improved business communication worldwide? Select three options. It allows for instant communication.It enables people to monitor economic trends.It always provides reliable information.It ensures all messages are secure from hackers.It makes it possible to buy and sell instantly.

Revolt · Accepted Answer

It allows for instant communication.; It enables people to monitor economic trends.; It makes it possible to buy and sell instantly.

Economic Globalization Answers

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