Economic Globalization
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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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The graph below shows global trade and percentage of GDP. What conclusion should be drawn from the graph?
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Trade increases create higher GDP percentage rates.
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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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Why do companies choose to outsource work?
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to increase profits
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How can businesses best take advantage of globalization?
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by transporting resources from distant locations
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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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NAFTA can be defined as
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an agreement between bordering nations.
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In countries such as China, globalization has led to
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a better standard of living.
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Globalization has led nations to join trade organizations in order to
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be able to compete better.
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Trade blocs help countries by
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allowing the pooling of resources.
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The graph shows US Oil Import Prices from 1995 to 2010. What most likely caused the steady increase in price per barrel of oil between 2001 and 2008?
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demand from developing countries
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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?
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Angola
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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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Which of the following causes the most problems in countries with low economic growth?
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rapid population increase
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The graph shows US trade with Mexico. In what years did US exports to Mexico remain approximately the same?
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2000-2005
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Which group is an example of a commodity organization?
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Organization of Petroleum Exporting Countries
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Globalization has the largest effect on
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economies
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How did joining NAFTA affect the Mexican economy?
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It helped improve the economy.
