AnswersGA-GSE World HistoryEconomic Globalization

Economic Globalization Answers

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1
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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.
2
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What are the purposes of international economic organizations? Select three answers.

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
3

How has the Internet improved business communication worldwide? Select three options.

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.
4

Which group is an example of a commodity organization?

A
European Union
B
World Trade Organization
C
North American Free Trade Agreement
D
Organization of Petroleum Exporting Countries
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

How can businesses best take advantage of globalization?

A
by increasing employment and production
B
by communicating with suppliers and buyers
C
by transporting resources from distant locations
D
by streamlining equipment to increase production
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

As economies grow, they demand more

A
financial assistance.
B
raw materials.
C
available labor.
D
defense services.
9

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

Question illustration
A
Trade has minimal impact on GDP.
B
Trade increased between 1980 and 1990.
C
Trade between nations declined between 1990 and 2000.
D
Trade increases create higher GDP percentage rates.
10

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?

Question illustration
A
Angola
B
Iraq
C
United Kingdom
D
United States

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