International Trade

Question 1

Which statements describe the influence of globalization on most economies? Check all that apply.Most countries are increasingly specializing production.Most countries are becoming more interdependent.Most countries are experiencing unchanging amounts of exports and imports.Most countries are increasingly influenced by the foreign sector.Most countries are relying less and less on international trade.

Revolt · Accepted Answer

A: Most countries are increasingly specializing production.; B: Most countries are becoming more interdependent.; D: Most countries are increasingly influenced by the foreign sector.

Question 2

Select the answers that best complete each sentence.Globalization is a trend toward a higher degree of between people, businesses, and governments around the world.The movement toward globalization has existed for many years, but recent improvements in technology have the pace of this change.

Revolt · Accepted Answer

A: connection

Question 3

According to the map, which continent has the most countries with a low GDP (PPP) level? | The GDP for the US is . | Mexico's GDP (PPP) is .

Revolt · Accepted Answer

C: Africa

Question 4

Which statements best describe how businesses can take advantage of globalization? Check all that apply.using lower labor costs in other countriescreating higher barriers to tradetransporting resources quickly from distant locationslimiting trade with other countriescommunicating more quickly with other countries

Revolt · Accepted Answer

A: using lower labor costs in other countries; C: transporting resources quickly from distant locations; E: communicating more quickly with other countries

Question 5

Select the answers that best complete each sentence.Globalization is a trend toward a higher degree of between people, businesses, and governments around the world.The movement toward globalization has existed for many years, but recent improvements in technology have the pace of this change.

Revolt · Accepted Answer

A: increased

Question 6

The GDP for the US is .

Revolt · Accepted Answer

A: more than $50,000

Question 7

Mexico's GDP (PPP) is .

Revolt · Accepted Answer

C: $10,000–$20,000

International Trade Answers

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