AnswersSVLC WORLD HISTORY GEOGRAPHY B 15341Israel

Economic Globalization Answers

0 verified answers
1
Free Preview

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
2
Free Preview

Globalization has the largest effect on

A
employment.
B
businesses.
C
economies.
D
transportation.
3

NAFTA can be defined as

A
a means to acquire convenient resources.
B
a unification treaty that limits trade barriers.
C
an agreement between bordering nations.
D
a way for corporations to more easily outsource labor.
4

As economies grow, they demand more

A
financial assistance.
B
raw materials.
C
available labor.
D
defense services.
5

Trade blocs help countries by

A
limiting competition.
B
increasing barriers to trade.
C
improving product production.
D
allowing the pooling of resources.
6

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

Question illustration
A
1990–1995
B
1995–2000
C
2000–2005
D
2005–2010
7

Globalization has affected developed countries by

A
encouraging new products.
B
providing a solid consumer base.
C
turning their focus to providing services.
D
increasing employment for unskilled workers.
8

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
9

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.
10

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?

Question illustration
A
a global recession
B
scarcity of petroleum
C
a large population growth
D
demand from developing countries

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Israel

Quiz
10 verified answers

Nationalism in the Middle East

Quiz
10 verified answers

Challenges in South America