Employment and Education

Question 1

four

Revolt · Accepted Answer

Businesses can take advantage of favorable laws to make products cheaply.; Businesses can take advantage of favorable taxes to make products cheaply.; Businesses can take advantage of new forms of technology to make products cheaply.; Businesses can take advantage of faster technology to make products faster.

Question 2

Which form of transportation has led to more efficient business in a global market?

Revolt · Accepted Answer

cargo ships

Question 3

A factory owner might decide to manufacture shirts in Pakistan instead of the United States because

Revolt · Accepted Answer

it is less expensive to make shirts there.

Question 4

A tariff is a type of

Revolt · Accepted Answer

tax.

Question 5

Globalization is the process of

Revolt · Accepted Answer

connecting the world over time.

Question 6

The graph shows US trade with China from 1990 to 2018.

Revolt · Accepted Answer

The United States has a trade deficit with China.

Question 7

Which describes the difference between a trade surplus and a trade deficit?

Revolt · Accepted Answer

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

Question 8

best

Revolt · Accepted Answer

motivates producers or consumers to take action.

Question 9

What is a benefit associated with free trade?

Revolt · Accepted Answer

enhanced innovation and technology

Question 10

What are standards designed to do? Check all that apply.protect consumerssupport domestic industrieslimit importsensure safetyoffer domestic industries an advantage

Revolt · Accepted Answer

protect consumers; limit imports; ensure safety

Employment and Education Answers

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