AnswersTX-EconomicsGlobalization

Globalization Answers

10 verified answers1 views
1
Free Preview

Gross Domestic ProductGrowth Dependence PolicyGained Domestic Production

A
Gross Domestic Product
B
Growth Dependence Policy
C
Gained Domestic Production
2
Free Preview

four

b
by shipping raw materials to manufacture goods in other countries
b
by shortening travel time
b
by opening up new trade markets worldwide
b
by connecting business partners the fastest
b
by increasing options for travel destinations
3

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

Question illustration
A
A 30 percent increase in internet access has most likely had little effect on globalization.
B
A 40 percent decrease in internet access has most likely had little effect on globalization.
C
A 50 percent increase in internet access has most likely sped up globalization.
D
A 60 percent decrease in internet access has most likely slowed down globalization.
4

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

A
to take advantage of affordable land prices
B
to take advantage of abundant resources
C
to take advantage of lower labor costs
D
to take advantage of favorable tax laws
E
to take advantage of US employment opportunities
5

Technologies that allow for instant worldwide communication include

h
high-speed trains and naval ships.
m
mobile phones and Internet access.
a
airplanes and container shipping.
o
outsourcing and new trade markets.
6

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.

A
Countries now rely on one another for vital resources.
B
Countries now rely on each other for new industries.
C
Countries now rely on one another for chances to import and export.
D
Countries now rely on one another to lower their GDP.
E
Countries rely on each other for cheaper products.
F
Countries now rely on one another for an employment base.
7

Global trade provides consumers with

A
more options and lower prices.
B
fewer options and lower prices.
C
more options and higher prices.
D
fewer options and higher prices.
8

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

A
businesses.
B
consumers.
C
stock markets.
D
countries' currencies.
9

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

Question illustration
T
The economy suffered a setback in 2009 before rebounding in 2011.
T
The economy suffered a setback in 2009 before rebounding in 2010.
T
The economy suffered a setback in 2009 and had not recovered by 2011.
T
The economy suffered setbacks in the years 2009, 2010, and 2011.
10

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

A
exported by an economy.
B
produced by an economy.
C
imported by an economy.
D
purchased by an economy.

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Unit Test

Quiz
10 verified answers

Globalization

Quiz
10 verified answers

Trade Agreements