The Contemporary Global Economy — Quiz

Question 1

Which is the best definition of the term outsource ?

Revolt · Accepted Answer

the use of foreign resources instead of domestic resources

Question 2

Which statement is most likely true of countries that average one computer per person?

Revolt · Accepted Answer

They have a high gross domestic product (GDP).

Question 3

How do consumers ALL benefit from international trade?

Revolt · Accepted Answer

They have access to greater purchasing options.

Question 4

Which US president signed NAFTA into law?

Revolt · Accepted Answer

Bill Clinton

Question 5

How does international trade lead to specialization?

Revolt · Accepted Answer

Countries can make the best use of resources by buying what they don’t have from other nations.

Question 6

What have been positive effects of NAFTA on the US economy? Choose two correct answers.

Revolt · Accepted Answer

an increase in the value of goods and services; an increase in trade with neighbors

Question 7

What role did social media play in politics in Iran in 2009?

Revolt · Accepted Answer

It was used as a way to protest the results of the election.

Question 8

Which business is an example of a multinational corporation?

Revolt · Accepted Answer

a US-based coffee chain with locations worldwide

Question 9

Which are negative aspects of globalization? Choose four correct answers.

Revolt · Accepted Answer

a loss of social awareness; a rise in health risks; a loss of individual cultures; an increase in environmental problems

Question 10

Which method of transit has had the biggest impact on world trade in the twenty-first century?

Revolt · Accepted Answer

container ships

The Contemporary Global Economy — Quiz Answers