Globalization Answers

Technologies that allow for instant worldwide communication include

Global trade provides consumers with

Which statement best describes how globalization connects the world?

How have airplanes changed the way the world does business? Choose four answers.by shipping raw materials to manufacture goods in other countriesby shortening travel timeby opening up new trade markets worldwideby connecting business partners the fastestby increasing options for travel destinations

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

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

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

Recent improvements in have increased the pace of globalization.

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

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