Economic Globalization

Question 1

Globalization has affected developed countries by

Revolt · Accepted Answer

turning their focus to providing services.

Question 2

Trade blocs help countries by

Revolt · Accepted Answer

allowing the pooling of resources.

Question 3

As economies grow, they demand more

Revolt · Accepted Answer

raw materials.

Question 4

In countries such as China, globalization has led to

Revolt · Accepted Answer

a better standard of living.

Question 5

A multinational organization is defined as a business that

Revolt · Accepted Answer

operates in multiple countries.

Question 6

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 7

NAFTA can be defined as

Revolt · Accepted Answer

an agreement between bordering nations.

Question 8

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 9

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.

Question 10

Globalization has the largest effect on

Revolt · Accepted Answer

economies.

Economic Globalization Answers

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