Economic Globalization (Pre-Test)

27 December 2023
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9 test answers

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question
What is the primary purpose of the European Union?
answer
to allow more trade between countries
question
Globalization has the largest effect on
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economies.
question
How has the Internet improved business communication worldwide? Select all that apply.
answer
It allows for instant communication. It enables people to monitor economic trends. It makes it possible buy and sell instantly.
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How can businesses best take advantage of globalization?
answer
by transporting resources from distant locations
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NAFTA can be defined as
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an agreement between bordering nations.
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A multinational organization is defined as a business that
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operates in multiple countries.
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Globalization has led nations to join trade organizations in order to
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be able to compete better.
question
The graph shows US trade with Mexico. In what years did US exports to Mexico remain approximately the same?
answer
2000-2005
question
The chart shows the percentage of population growth in different countries. Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country?
answer
Angola