AnswersTX-EconomicsGlobalization

Globalization Answers

0 verified answers
1
Free Preview

Which statement best describes how globalization connects the world?

A
Globalization helps create new forms of transportation, communication, and technology.
B
Globalization helps expand old forms of transportation, communication, and technology.
C
Globalization helps mandate new forms of transportation, communication, and technology.
D
Globalization helps share old forms of transportation, communication, and technology.
2
Free Preview

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

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

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

Question illustration
A
The economy suffered a setback in 2009 before rebounding in 2011.
B
The economy suffered a setback in 2009 before rebounding in 2010.
C
The economy suffered a setback in 2009 and had not recovered by 2011.
D
The economy suffered setbacks in the years 2009, 2010, and 2011.
4

Recent improvements in have increased the pace of globalization.

Answer not available
5

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.
6

Technologies that allow for instant worldwide communication include

A
high-speed trains and naval ships.
B
mobile phones and Internet access.
C
airplanes and container shipping.
D
outsourcing and new trade markets.
7

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

Question illustration
A
purchasing power parity.
B
exchange rates.
C
factors of production.
D
gross domestic product.
8

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

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

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.
10

The map shows the world’s gross domestic product.Based on the map, which is the best conclusion that can be drawn about the economies of the US and Western Europe?

Question illustration
A
The US and Western Europe are strong because they have high GDPs.
B
The US and Western Europe are weak because they have low GDPs.
C
The US and Western Europe are strong because they have low GDPs.
D
The US and Western Europe are weak because they have high GDPs.

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

Globalization

Globalization Answers — TX-Economics