Economic Globalization Answers

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1
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All of the following are benefits of public speaking. Choose the two that you consider the most important.

A
The speaker can show emotions.
B
The speaker can use gestures to emphasize points.
C
The speaker can connect with the audience on a personal level.
D
The audience can interact with the speaker.
2
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All of the following are ways visual aids can improve a presentation. In your opinion, which two ways have the greatest impact on the audience?

A
Images can show an object that is being described.
B
Statistics can be illustrated by a graph.
C
Images can emphasize a point.
D
Images can create emotions in the viewer.
4

How did joining NAFTA affect the Mexican economy?

A
It had little effect on the economy.
B
It caused the economy to decline.
C
It stopped all economic downturns.
D
It helped improve the economy.
5

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?

Question illustration
A
a global recession
B
scarcity of petroleum
C
a large population growth
D
demand from developing countries
6

In countries such as China, globalization has led to

A
a small middle class.
B
a better standard of living.
C
a large population at the poverty level.
D
a trade agreement with other nations.
7

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
8

A multinational organization is defined as a business that

A
participates in all trade organizations.
B
operates in multiple countries.
C
is always not for profit.
D
only hires employees through outsourcing.
9

How can businesses best take advantage of globalization?

A
by increasing employment and production
B
by communicating with suppliers and buyers
C
by transporting resources from distant locations
D
by streamlining equipment to increase production
10

NAFTA can be defined as

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

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