Globalization

Bringing goods in from another country to sell.

• import

• export

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

• Free Trade

• Trade

• Goods

• Supply and Demand

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

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

The development of a worldwide economy where resources flow fairly freely across borders.

• Globalization

• Economy

• GDP

• Economic Independence

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

This has potential to spread infectious diseases

• Communism

• Capitalism

• Isolationism

• Globalization

A negative side effect of globalization such as the spread of Covid-19 is caused by

• Improved sanitation resulting in resistant strains of viruses

• Accelerated transmission of viruses due to increased travel

• Health problems caused by decreased government funding

• Cultural movements that limit vaccinations for children

The interconnection of the world today is often referred to as

• Nationalism

• Communism

• Globalization

• Isolationism

What countries are a part of the North American Free Trade Agreement (NAFTA)

• United States

• Mexico

• Germany

• Canada