Globalization

Question 1

Technologies that allow for instant worldwide communication include

Revolt · Accepted Answer

mobile phones and Internet access.

Question 2

What are the most likely reasons a US corporation would open a factory in China? Choose four answers.to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax lawsto take advantage of US employment opportunities

Question 3

The business practice of hiring workers in another country is known as

Revolt · Accepted Answer

outsourcing.

Question 4

best

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The US and Western Europe are strong because they have high GDPs.

Question 5

Which statement best describes how globalization connects the world?

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Globalization helps create new forms of transportation, communication, and technology.

Question 6

Which technologies have made global communication instant and more effective? Choose three answers.social mediawireless devicessmart phonesautomobilesprinted newspapers

Revolt · Accepted Answer

social media; wireless devices; smart phones

Question 7

The graph shows China’s workforce from 2000 to 2019.

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services and away from agriculture.

Question 8

The images show the cost of the same bike in the United States and Britain.

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purchasing power parity.

Question 9

Globalization leads to more trade between

Revolt · Accepted Answer

countries.

Question 10

The chart shows a circular flow model describing the movement of goods and services.

Revolt · Accepted Answer

The foreign sector influences how imports and exports move between firms and households.

Globalization Answers

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