8.1 Globalization

​What Is Globalization? (3:14) YouTube

​Inland Port of Greer Visit (1:37) YouTube

The Globetrotting Journey of a Sneaker (3:40) YouTube

​Inside Apple’s iPhone 13 Factory! (8:17) YouTube

What goes into the making of an iPhone.

How is the building of an iPhone related to globalization?

• ​What Is Globalization? (3:14) YouTube

• Inland Port of Greer Visit (1:37) YouTube

• The Globetrotting Journey of a Sneaker (3:40) YouTube

• Inside Apple’s iPhone 13 Factory!(8:17) YouTube

Multiple Choice

How does globalization bring our world together?  Through.... 

• communication

• technology

• products & services

• all of these

Multiple Choice

Bringing goods in from another country to sell.

• import

• export

Multiple Choice

Sending goods to another country to sell.

• import

• export

Multiple Choice

Products meant to satisfy the wants and needs of buyers.

• Goods

• Trade

• Commodity

• Outsourcing

Multiple Choice

What is the European Union (EU)?

• A union agrees upon the price of tea

• A union to agree upon political leaders

• A union of free trade among participating European countries

• A union to set up boundaries of Latin speaking countries

Multiple Choice

People are free to travel and trade between the European Union countries.

• True

• False

Multiple Choice

What term means not having taxes on trade?

• Passport

• Free Trade

• Tariff

• Union

Multiple Choice

What term means a government tax on imports?

• Tariff

• Passport

• Free Trade

• Union

Multiple Choice

A trade agreement between the countries

of Canada, Mexico, and the United States

• The UN

• NAFTA

• NATO

• IMF

Multiple Choice

Why was OPEC created?

• To regulate the supply and price of oil

• to help the Palestinians in their problems with Israel

• to design new machinery to get oil out of the ground

• to keep countries that are not members from producing any oil

Multiple Choice

What happens to the price of oil when OPEC countries decide to limit production?

• prices rise

• Prices Drop

• prices stay the same

• oil stops being sold

Multiple Choice

What country consumes more oil than they produce?

• Iran

• USA

• Kuwait

• Saudi Arabia

Open Ended

Why is globalization and international trade important to South Carolina?