ce.12c-d

Which innovation has contributed to the global flow of information, capital, goods, and services

• Internet

• Shipping

• Interstate highways

• Railroads

What is one way to lower the cost of production?

• Use more resources

• Hire additional workers

• Offer discount prices

• Create new technologies

Advances in cell phone features have increased the number of people needed to -

• develop computer software

• serve in the military

• work on assembly lines

• teach children in schools

California and the United States seek out international trade to —

• become more powerful

• purchase less expensive goods

• increase opportunities to travel

• gather knowledge

The buying and selling of goods and services between nations in a worldwide market is called —

• globalization

• interdependence

• megalopolis

• NAFTA

What has had the biggest impact on the global flow of information?

• truck shipping

• railway

• postal service

• internet

Innovations in technology contribute to all of the following EXCEPT —

• increase in capital

• flow of information

• increase in goods and services

• increase in the cost of production

How do financial institutions obtain funds to give loans to consumers?

• Customers deposit money into the financial institutions

• Government agencies loan money to the financial institutions.

• Local governments give tax revenues to the financial institutions.

• The Federal Reserve makes more money for financial institutions to loan.

How does a financial institution encourage savings?

• Advertisement

• Give away free prizes

• Provide a safe place for you to keep your money

• Pay Interest

Which of the following is NOT a financial institution?

• Realty company

• Savings and loans

• Credit unions

• Banks