Globalization

Question 1

Technologies that allow for instant worldwide communication include

Revolt · Accepted Answer

mobile phones and Internet access.

Question 2

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

Revolt · Accepted Answer

purchasing power parity.

Question 3

Globalization leads to more trade between

Revolt · Accepted Answer

countries.

Question 4

Purchasing power parity is used to compare the gross domestic product between

Revolt · Accepted Answer

countries' currencies.

Question 5

The graph shows households in the world with internet access from 2003 to 2019.

Revolt · Accepted Answer

A 50 percent increase in internet access has most likely sped up globalization.

Question 6

best

Revolt · Accepted Answer

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

Question 7

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

Revolt · Accepted Answer

outsourcing.

Question 8

The graph shows gross domestic product in the US private sector from 2009 to 2017.

Revolt · Accepted Answer

The economy suffered a setback in 2009 before rebounding in 2010.

Question 9

best

Revolt · Accepted Answer

A US shoe company opens a factory in China and hires Chinese workers to make shoes.

Question 10

Gross domestic product tracks economic growth by measuring all goods and services

Revolt · Accepted Answer

produced by an economy.

Globalization Answers