Economic Globalization

Question 1

NAFTA can be defined as

Revolt · Accepted Answer

an agreement between bordering nations.

Question 2

Globalization has the largest effect on

Revolt · Accepted Answer

economies.

Question 3

How did joining NAFTA affect the Mexican economy?

Revolt · Accepted Answer

It helped improve the economy.

Question 4

A multinational organization is defined as a business that

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operates in multiple countries.

Question 5

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 6

The graph below shows global trade and percentage of GDP.What conclusion should be drawn from the graph?

Revolt · Accepted Answer

Trade increases create higher GDP percentage rates.

Question 7

Globalization has affected developed countries by

Revolt · Accepted Answer

turning their focus to providing services.

Question 8

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 9

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 10

In countries such as China, globalization has led to

Revolt · Accepted Answer

a better standard of living.

Economic Globalization Answers

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