Term 2 Final Exam - Math

What does globalization primarily involve?

• The separation of economies

• The integration of the world's economies

• Reducing international trade

• Restricting the movement of people between nations

Which of the following is a threat of globalization to businesses?

• Increased employment opportunities

• Higher competition from international firms

• Improved living standards

• Access to global capital

Globalization offers numerous benefits, including :

• increased free trade

• employment

• improved living standards

• All of the above

What is one reason multinational companies expand to other countries?

• To increase trade barriers

• To reduce profits

• To access cheaper resources and labor

• To avoid marketing their products

What is one way multinationals benefit host countries?

• Repatriating all profits

• Increasing local unemployment

• Providing training and improving human capital

• weakening government systems

Which company is an example of a multinational?

• small local bakery

• A national car manufacturer

• McDonald's

• A family-owned restaurant

Which of the following is NOT a benefit of international trade?

• Allows countries to obtain goods that cannot be produced domestically

• Provides opportunities for business growth

• Eliminates all forms of competition

• Improves consumer choice

What is the visible balance?

• The difference between exports and imports of goods.

• Goods and services sold to other countries.

• Services like education and healthcare.

• The total amount of goods a country produces.

Which of the following is an example of visible trade?

• Banking products

• Manufactured aircraft components

• Tourism

• Training service

Which of the following is an example of invisible trade?

• Exporting machinery

• Providing international education services

• Importing oil

• Manufacturing automobiles