Globalization

Question 1

How has globalization made countries more interdependent? Choose five answers.Countries now rely on one another for vital resources.Countries now rely on each other for new industries.Countries now rely on one another for chances to import and export.Countries now rely on one another to lower their GDP.Countries rely on each other for cheaper products.Countries now rely on one another for an employment base.

Question 2

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.

Question 3

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

Revolt · Accepted Answer

produced by an economy.

Question 4

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

Revolt · Accepted Answer

purchasing power parity.

Question 5

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 6

Globalization leads to more trade between

Revolt · Accepted Answer

countries.

Question 7

Global trade provides consumers with

Revolt · Accepted Answer

more options and lower prices.

Question 8

best

Revolt · Accepted Answer

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

Question 9

best

Revolt · Accepted Answer

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

Question 10

Technologies that allow for instant worldwide communication include

Revolt · Accepted Answer

mobile phones and Internet access.

Globalization Answers

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