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Question 1

Globalization leads to more trade between

Revolt · Accepted Answer

countries.

Question 2

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

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countries' currencies.

Question 3

The business practice of hiring workers in another country is known as

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outsourcing.

Question 4

Which is the best example of outsourcing?

Revolt · Accepted Answer

A US shoe company opens a factory in China and hires Chinese workers to make shoes.

Question 5

Which technologies have made global communication instant and more effective? Choose three correct answers.

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wireless devices; social media; smart phones

Question 6

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

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produced by an economy.

Question 7

Global trade provides consumers with

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more options and lower prices.

Question 8

Question 9

Revolt · Accepted Answer

[Dropdown 1] Gross Domestic Product; Gross Domestic Product

Question 9

How has globalization made countries more interdependent? Choose five correct answers.

Revolt · Accepted Answer

Countries now rely on one another for an employment base.; Countries rely on each other for cheaper products.; Countries now rely on one another for chances to import and export.; Countries now rely on each other for new industries.; Countries now rely on one another for vital resources.

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