Economic Globalization

Question 1

A multinational organization is defined as a business that

Revolt · Accepted Answer

operates in multiple countries.

Question 2

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

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

Question 3

Trade blocs help countries by

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allowing the pooling of resources.

Question 4

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?

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demand from developing countries

Question 5

The chart shows the percentage of population growth in different countries.Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country?

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Angola

Question 6

Globalization has the largest effect on

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economies.

Question 7

Globalization has led nations to join trade organizations in order to

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be able to compete better.

Question 8

How can businesses best take advantage of globalization?

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by transporting resources from distant locations

Question 9

Which group is an example of a commodity organization?

Revolt · Accepted Answer

Organization of Petroleum Exporting Countries

Question 10

Why do companies choose to outsource work?

Revolt · Accepted Answer

to increase profits

Economic Globalization Answers

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