Globalization Answers
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four
b
by shipping raw materials to manufacture goods in other countriesb
by shortening travel timeb
by opening up new trade markets worldwideb
by connecting business partners the fastestb
by increasing options for travel destinations2
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Purchasing power parity is used to compare the gross domestic product between
A
businesses.B
consumers.C
stock markets.D
countries' currencies.3
The graph shows China’s workforce from 2000 to 2019.
A
agriculture and away from services.B
services and away from agriculture.C
industry and away from services.D
agriculture, services, and industry.4
The business practice of hiring workers in another country is known as
A
globalization.B
insourcing.C
subcontracting.D
outsourcing.5
The images show the cost of the same bike in the United States and Britain.
A
purchasing power parity.B
exchange rates.C
factors of production.D
gross domestic product.6
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.7
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.Did you find these answers helpful?
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