Economic Globalization Answers

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

A
poor education
B
low unemployment
C
higher standard of living
D
rapid population increase
2
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Trade blocs help countries by

A
limiting competition.
B
increasing barriers to trade.
C
improving product production.
D
allowing the pooling of resources.
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.

A
It allows for instant communication.
B
It enables people to monitor economic trends.
C
It always provides reliable information.
D
It ensures all messages are secure from hackers.
E
It makes it possible to buy and sell instantly.
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

A
to resolve trade disputes
B
to decrease regulation of product supply chains
C
to promote fair and successful trade
D
to solve the problems of various countries
E
to encourage trade in developing countries
7

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.
8

A multinational organization is defined as a business that

A
participates in all trade organizations.
B
operates in multiple countries.
C
is always not for profit.
D
only hires employees through outsourcing.
9

As economies grow, they demand more

A
financial assistance.
B
raw materials.
C
available labor.
D
defense services.
10

Why do companies choose to outsource work?

A
to increase profits
B
to improve products
C
to cut transportation costs
D
to develop local resources

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