Answers MCS Economics BLGlobalization

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Technologies that allow for instant worldwide communication include

high-speed trains and naval ships.

mobile phones and Internet access.

airplanes and container shipping.

outsourcing and new trade markets.

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The graph shows households in the world with internet access from 2003 to 2019.

A 30 percent increase in internet access has most likely had little effect on globalization.

A 40 percent decrease in internet access has most likely had little effect on globalization.

A 50 percent increase in internet access has most likely sped up globalization.

A 60 percent decrease in internet access has most likely slowed down globalization.

"technology"

Answer:

33190

Which technologies have made global communication instant and more effective? Choose three answers.social mediawireless devicessmart phonesautomobilesprinted newspapers

social media

wireless devices

smart phones

automobiles

printed newspapers

Which technologies have made global communication instant and more effective? Choose three answers.social mediawireless devicessmart phonesautomobilesprinted newspapers

social media

wireless devices

smart phones

automobiles

printed newspapers

best

The US and Western Europe are strong because they have high GDPs.

The US and Western Europe are weak because they have low GDPs.

The US and Western Europe are strong because they have low GDPs.

The US and Western Europe are weak because they have high GDPs.

The chart shows a circular flow model describing the movement of goods and services.

The foreign sector influences how services move between firms and households.

The foreign sector influences how imports and exports move between firms and households.

The foreign sector influences how factors of production move between firms and households.

The foreign sector influences how goods move between firms and households.

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.

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.

Global trade provides consumers with

more options and lower prices.

fewer options and lower prices.

more options and higher prices.

fewer options and higher prices.

The graph shows China’s workforce from 2000 to 2019.

agriculture and away from services.

services and away from agriculture.

industry and away from services.

agriculture, services, and industry.

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

businesses.

consumers.

stock markets.

countries' currencies.

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

businesses.

consumers.

stock markets.

countries' currencies.

Gross Domestic ProductGrowth Dependence PolicyGained Domestic Production

Gross Domestic Product

Growth Dependence Policy

Gained Domestic Production

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

exported by an economy.

produced by an economy.

imported by an economy.

purchased by an economy.

Globalization leads to more trade between

consumers.

businesses.

factories.

countries.

Globalization leads to more trade between

consumers.

businesses.

factories.

countries.

What are the most likely reasons a US corporation would open a factory in China? Choose four answers.to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax lawsto take advantage of US employment opportunities

to take advantage of affordable land prices

to take advantage of abundant resources

to take advantage of lower labor costs

to take advantage of favorable tax laws

to take advantage of US employment opportunities

best

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

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

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

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

The graph shows China’s workforce from 2000 to 2019.

agriculture and away from services.

services and away from agriculture.

industry and away from services.

agriculture, services, and industry.

Which statement best describes how globalization connects the world?

Globalization helps create new forms of transportation, communication, and technology.

Globalization helps expand old forms of transportation, communication, and technology.

Globalization helps mandate new forms of transportation, communication, and technology.

Globalization helps share old forms of transportation, communication, and technology.

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