Answers Social Studies 7 B M12 2526 S2Case Study: Expanding Democracy

Economic Globalization Answers

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Why do companies choose to outsource work?

to increase profits

to improve products

to cut transportation costs

to develop local resources

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A multinational organization is defined as a business that

participates in all trade organizations.

operates in multiple countries.

is always not for profit.

only hires employees through outsourcing.

Globalization has led nations to join trade organizations in order to

be able to compete better.

regulate the supply of products.

respond better to global trends.

monitor the global economy.

NAFTA can be defined as

a means to acquire convenient resources.

a unification treaty that limits trade barriers.

an agreement between bordering nations.

a way for corporations to more easily outsource labor.

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.

Trade blocs help countries by

limiting competition.

increasing barriers to trade.

improving product production.

allowing the pooling of resources.

What is the primary purpose of the European Union?

to create a common currency

to allow more trade between countries

to encourage immigration from one country to another

to permit workers to seek employment in international areas

Which group is an example of a commodity organization?

European Union

World Trade Organization

North American Free Trade Agreement

Organization of Petroleum Exporting Countries

In countries such as China, globalization has led to

a small middle class.

a better standard of living.

a large population at the poverty level.

a trade agreement with other nations.

Which of the following causes the most problems in countries with low economic growth?

poor education

low unemployment

higher standard of living

rapid population increase

As economies grow, they demand more

financial assistance.

raw materials.

available labor.

defense services.

In countries such as China, globalization has led to

a small middle class.

a better standard of living.

a large population at the poverty level.

a trade agreement with other nations.

What are the purposes of international economic organizations? Select three answers.

to resolve trade disputes

to decrease regulation of product supply chains

to promote fair and successful trade

to solve the problems of various countries

to encourage trade in developing countries

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?

a global recession

scarcity of petroleum

a large population growth

demand from developing countries

The graph shows US trade with Mexico.In what years did US exports to Mexico remain approximately the same?

1990–1995

1995–2000

2000–2005

2005–2010

The graph shows US trade with Mexico.In what years did US exports to Mexico remain approximately the same?

1990–1995

1995–2000

2000–2005

2005–2010

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?

Angola

Iraq

United Kingdom

United States

How did joining NAFTA affect the Mexican economy?

It had little effect on the economy.

It caused the economy to decline.

It stopped all economic downturns.

It helped improve the economy.

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Economic Globalization Answers

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