BBB4M Unit 3 Review

What is the UN's main job?

• To fight battles others can't

• To protect only America

• To keep peace throughout the world

• To improve the lives of the middle class

A major factor that encouraged member states to form the European Union was the

• the threat of external military forces
• mutual advantage of economic integration
• need to protect human rights
• popular demand for unified social institutions

 Selected Economic Organizations  
• European Union (EU)
 • North American Free Trade Association (NAFTA)
 • Central American Free Trade Association (CAFTA)
How have these organizations helped advance the integration of the global economy?

• by reducing labor protections to improve competitiveness
• by providing tax incentives for overseas investment
• by removing trade barriers between member countries
• by promoting the outsourcing of production

What is the primary purpose of the World Trade Organization?

• keep peace in the world
• foster global growth and economic stability
• help reduce poverty
• regulating trade/ to sort out trade problems 

Increasing interdependence of nations and peoples across the globe.

• Infrastructure

• Globalization

• Interdependence

• Specialization

A large company that has operations in more than one country.

• Domestic Corporation
• Multinational Corporation
• Foreign Corporation
• State Corporation

What are some negatives of globalization?

• Workers are exploited in sweatshops

• Pollution and deforestation

• Low wages for factory workers in Asia and Africa

• All of the answers are correct

What are some positives of globalization?

• Cheap sneakers and clothes

• Cheap electronics

• Information is easy to access and it travels quickly (internet and social media)

• All of the answers are correct

The benefits of a common currency, such as the euro used by the EU, include:

• Increased stability for exporters, importers, tourists, investors, and creditors.

• Increased returns on investment and speculation on foreign currency markets.

• Less incentive for employees to leave to work in other countries

• All of the above

Coca-Cola's decision to sell Coke throughout the world, using different marketing strategies and local management, is an example of which globalization strategy?

• Global

• Multidomestic

• Transnational

• None of the above