AnswersWorld History IIEconomic Globalization

Economic Globalization — Quiz Answers

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1
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Which group is an example of a commodity organization?

A
European Union
B
North American Free Trade Agreement
C
World Trade Organization
D
Organization of Petroleum Exporting Countries
2
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Trade blocs help countries by

A
increasing barriers to trade.
B
improving product production.
C
limiting competition.
D
allowing the pooling of resources.
3

Globalization has affected developed countries by

A
turning their focus to providing services.
B
encouraging new products.
C
increasing employment for unskilled workers.
D
providing a solid consumer base.
4

Which causes the most problems in countries with low economic growth?

A
rapid population increase
B
higher standard of living
C
low unemployment
D
poor education
5

As economies grow, they demand more

A
financial assistance.
B
raw materials.
C
available labor.
D
defense services.
6

How can businesses best take advantage of globalization?

A
by streamlining equipment to increase production
B
by communicating with suppliers and buyers
C
by increasing employment and production
D
by transporting resources from distant locations
7

NAFTA can be defined as

A
a means to acquire convenient resources.
B
a way for corporations to more easily outsource labor.
C
a unification treaty that limits trade barriers.
D
an agreement between bordering nations.
8

How has the Internet improved business communication worldwide? Choose three correct answers.

A
It ensures all messages are secure from hackers.
B
It makes it possible to buy and sell instantly.
C
It always provides reliable information.
D
It enables people to monitor economic trends.
E
It allows for instant communication.
9

What is the primary purpose of the European Union?

A
to create a common currency
B
to encourage immigration from one country to another
C
to allow more trade between countries
D
to permit workers to seek employment in international areas
10

In countries such as China, globalization has led to

A
a large population at the poverty level.
B
a better standard of living.
C
a small middle class.
D
a trade agreement with other nations.
11

NAFTA can be defined as

A
a unification treaty that limits trade barriers.
B
a way for corporations to more easily outsource labor.
C
an agreement between bordering nations.
D
a means to acquire convenient resources.
12

NAFTA can be defined as

A
a means to acquire convenient resources.
B
a unification treaty that limits trade barriers.
C
an agreement between bordering nations.
D
a way for corporations to more easily outsource labor.
13

Globalization has affected developed countries by

A
providing a solid consumer base.
B
turning their focus to providing services.
C
increasing employment for unskilled workers.
D
encouraging new products.
14

How has the Internet improved business communication worldwide? Choose three correct answers.

A
It ensures all messages are secure from hackers.
B
It allows for instant communication.
C
It makes it possible to buy and sell instantly.
D
It enables people to monitor economic trends.
E
It always provides reliable information.
15

Which group is an example of a commodity organization?

A
European Union
B
North American Free Trade Agreement
C
Organization of Petroleum Exporting Countries
D
World Trade Organization
16

As economies grow, they demand more

A
financial assistance.
B
available labor.
C
defense services.
D
raw materials.
17

Globalization has affected developed countries by

A
providing a solid consumer base.
B
encouraging new products.
C
turning their focus to providing services.
D
increasing employment for unskilled workers.
18

As economies grow, they demand more

A
raw materials.
B
available labor.
C
defense services.
D
financial assistance.
19

How can businesses best take advantage of globalization?

A
by communicating with suppliers and buyers
B
by streamlining equipment to increase production
C
by increasing employment and production
D
by transporting resources from distant locations
20

As economies grow, they demand more

A
raw materials.
B
defense services.
C
financial assistance.
D
available labor.

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