economic globalization example #79452

What most likely caused the steady increase in price per barrel of oil between 2001 and 2008? a global recession scarcity of petroleum a large population growth demand from developing countries

How has the Internet improved business communication worldwide? Select three options. It allows for instant communication. It enables people to monitor economic trends. It always provides reliable information. It ensures all messages are secure from hackers. It makes it possible to buy and sell instantly.

Globalization has the largest effect on employment. businesses. economies. transportation.

Why do companies choose to outsource work? to increase profits to improve products to cut transportation costs to develop local resources

What are the purposes of international economic organizations? Select three options. to resolve trade disputes to observe the global economy to promote fair and successful trade to solve the problems of various countries to encourage trade in developing countries

Which group is an example of a commodity organization? European Union World Trade Organization North American Free Trade Agreement Organization of Petroleum Exporting Countries

What conclusion should be drawn from the graph? Trade has minimal impact on GDP. Trade increased between 1980 and 1990. Trade between nations declined between 1990 and 2000. Trade increases create higher GDP percentage rates.

NAFTA can be defined as a means to acquire convenient resources. a unification treaty that limits trade barriers. an agreement between bordering nations. a way for corporations to more easily outsource labor.

As economies grow, they demand more financial assistance. raw materials. available labor. defense services.

Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country? Angola Iraq United Kingdom United States

Trade blocs help countries by limiting competition. increasing barriers to trade. improving product production. allowing the pooling of resources.

How did joining NAFTA affect the Mexican economy? It had little effect on the economy. It caused the economy to decline. It stopped all economic downturns. It helped improve the economy.

Globalization has affected developed countries by encouraging new products. providing a solid consumer base. turning their focus to providing services. increasing employment for unskilled workers.