AnswersNC-World History Issues and Patterns CRVoyages of Exploration

Military Intervention in the Middle East Answers

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What are the purposes of international economic organizations? Select three answers.

A
to resolve trade disputes
B
to decrease regulation of product supply chains
C
to promote fair and successful trade
D
to solve the problems of various countries
E
to encourage trade in developing countries
2
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Why do companies choose to outsource work?

A
to increase profits
B
to improve products
C
to cut transportation costs
D
to develop local resources
3

The graph shows US Oil Import Prices from 1995 to 2010.What most likely caused the steady increase in price per barrel of oil between 2001 and 2008?

Question illustration
A
a global recession
B
scarcity of petroleum
C
a large population growth
D
demand from developing countries
4

The graph below shows global trade and percentage of GDP.What conclusion should be drawn from the graph?

Question illustration
A
Trade has minimal impact on GDP.
B
Trade increased between 1980 and 1990.
C
Trade between nations declined between 1990 and 2000.
D
Trade increases create higher GDP percentage rates.
5

A multinational organization is defined as a business that

A
participates in all trade organizations.
B
operates in multiple countries.
C
is always not for profit.
D
only hires employees through outsourcing.
6

In countries such as China, globalization has led to

A
a small middle class.
B
a better standard of living.
C
a large population at the poverty level.
D
a trade agreement with other nations.
7

What is the primary purpose of the European Union?

A
to create a common currency
B
to allow more trade between countries
C
to encourage immigration from one country to another
D
to permit workers to seek employment in international areas
8

Which group is an example of a commodity organization?

A
European Union
B
World Trade Organization
C
North American Free Trade Agreement
D
Organization of Petroleum Exporting Countries
9

How has the Internet improved business communication worldwide? Select three options.

A
It allows for instant communication.
B
It enables people to monitor economic trends.
C
It always provides reliable information.
D
It ensures all messages are secure from hackers.
E
It makes it possible to buy and sell instantly.
10

Globalization has the largest effect on

A
employment.
B
businesses.
C
economies.
D
transportation.

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