Economic Globalization – Flashcards
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What are the purposes of international economic organizations? Check all that apply.
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-to resolve trade disputes
-to promote fair and successful trade
-to encourage trade in developing countries
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Globalization has affected developed countries by
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turning their focus to providing services.
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NAFTA can be defined as
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an agreement between bordering nations.
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Why do companies choose to outsource work?
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to increase profits
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In what years did US exports to Mexico remain approximately the same?
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2000-2005
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What conclusion should be drawn from the graph?
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Trade increases create higher GDP percentage rates.
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How has the Internet improved business communication worldwide? Select all that apply.
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-It allows for instant communication.
-It enables people to monitor economic trends.
-It makes it possible buy and sell instantly.
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What is the primary purpose of the European Union?
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to allow more trade between countries
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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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Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country?
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Angola
