Globalization Answers
0 verified answers2 views
1
Free Preview
[BLANK]
A
Gross Domestic ProductB
Growth Dependence PolicyC
Gained Domestic Production2
Free Preview
How have airplanes changed the way the world does business? Choose four answers.
A
by shipping raw materials to manufacture goods in other countriesB
by shortening travel timeC
by opening up new trade markets worldwideD
by connecting business partners the fastestE
by increasing options for travel destinations3
What are the most likely reasons a US corporation would open a factory in China? Choose four answers.
A
to take advantage of affordable land pricesB
to take advantage of abundant resourcesC
to take advantage of lower labor costsD
to take advantage of favorable tax lawsE
to take advantage of US employment opportunities4
The map shows the world’s gross domestic product.Based on the map, which is the best conclusion that can be drawn about the economies of the US and Western Europe?
A
The US and Western Europe are strong because they have high GDPs.B
The US and Western Europe are weak because they have low GDPs.C
The US and Western Europe are strong because they have low GDPs.D
The US and Western Europe are weak because they have high GDPs.5
The chart shows a circular flow model describing the movement of goods and services.
A
The foreign sector influences how services move between firms and households.B
The foreign sector influences how imports and exports move between firms and households.C
The foreign sector influences how factors of production move between firms and households.D
The foreign sector influences how goods move between firms and households.6
The business practice of hiring workers in another country is known as
A
globalization.B
insourcing.C
subcontracting.D
outsourcing.8
The images show the cost of the same bike in the United States and Britain.
A
purchasing power parity.B
exchange rates.C
factors of production.D
gross domestic product.9
Which is the best example of outsourcing?
A
A US shoe company opens a factory in China and hires Chinese workers to make shoes.B
A US shoe company opens a factory in the US and hires US workers to make shoes.C
A US shoe company opens a factory in the US and hires Chinese workers to make shoes.D
A Chinese shoe company opens a factory in China and hires Chinese workers to make shoes.10
Which statement best describes how globalization connects the world?
A
Globalization helps create new forms of transportation, communication, and technology.B
Globalization helps expand old forms of transportation, communication, and technology.C
Globalization helps mandate new forms of transportation, communication, and technology.D
Globalization helps share old forms of transportation, communication, and technology.Did you find these answers helpful?
Verified answers available
TRY EDGENUITY HACKS
- Auto Complete Exams
- Auto Complete Assignments
- Skip Videos Instantly
50,000+ students using this