Economic Globalization Answers
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Globalization has led nations to join trade organizations in order to
A
be able to compete better.B
regulate the supply of products.C
respond better to global trends.D
monitor the global economy.2
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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.3
Trade blocs help countries by
A
limiting competition.B
increasing barriers to trade.C
improving product production.D
allowing the pooling of resources.4
Why do companies choose to outsource work?
A
to increase profitsB
to improve productsC
to cut transportation costsD
to develop local resources5
The graph below shows global trade and percentage of GDP.What conclusion should be drawn from the graph?
A
Trade has minimal impact on GDP.B
Trade increased between 1980 and 1990.C
Trade between nations declined between 1990 and 2000.D
Trade increases create higher GDP percentage rates.6
What is the primary purpose of the European Union?
A
to create a common currencyB
to allow more trade between countriesC
to encourage immigration from one country to anotherD
to permit workers to seek employment in international areasDid you find these answers helpful?
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