Global Sneaker Quiz 9th

Increasing interdependence of nations and peoples across the globe.

• Infrastructure

• Globalization

• Interdependence

• Specialization

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

• Fair Trade

• Globalization

• Trade

• Standard of Living

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

three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States

• The UN

• NAFTA

• NATO

• IMF

Investment by a person or company based in another country is called _____________ .

• distribution

• economic interdependency

• foreign investment

• imports

Globalization has brought economic growth to many developing countries.  This has meant jobs for millions of people.  It has also increased “_________ ___________” among countries.

• imports & exports
• multinational corporations
• economic interdependence

Which of the following are PROS and CONS of globalization?

• spread of ideas, information, and culture

• Access to a variety of products

• Environmental destruction

• Loss of unique and individual cultures

• All of the following are correct

Which of the following is a negative result of Globalization?

• Access to more goods

• Pandemics

• Increased jobs in poor countries

• Access to new information, ideas, and cultures