Economic Globalization

Question 1

Why do companies choose to outsource work?

Revolt · Accepted Answer

to increase profits

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

Revolt · Accepted Answer

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

Question 3

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 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

As economies grow, they demand more

Revolt · Accepted Answer

raw materials.

Question 7

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 8

Globalization has affected developed countries by

Revolt · Accepted Answer

turning their focus to providing services.

Question 9

In countries such as China, globalization has led to

Revolt · Accepted Answer

a better standard of living.

Economic Globalization Answers

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