globalization

Increasing interdependence of nations and peoples across the globe.

• Infrastructure

• Globalization

• Specialization

Sending goods to another country to sell.

• import

• export

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

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

• Globalization

• Economy

• GDP

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

A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?

• Geography
• Culture
• Infrastructure

The exchange of goods and services by sale or barter driven by the need for resources.

• Globalization

• Trade

• Standard of Living

According to CNN, the United States receives 80% of its avocados from Mexico. Mexico receives most of its auto parts from the United States. This is an example of the following.

• Interdependence

• Infrastructure

• Globalization