WorksheetsGlobalization
Total questions: 15
Worksheet time: 8mins
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
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
Products meant to satisfy the wants and needs of buyers.
Goods
Trade
Commodity
Outsourcing
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
A period of temporary economic decline during which trade and industrial activity are reduced.
World Bank
Recession
Embargo
Pandemic
three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States
The UN
NAFTA
NATO
IMF
an official ban on trade or other commercial activity with a particular country.
stop
embargo
barr
tariff
Investment by a person or company based in another country is called _____________ .
distribution
economic interdependency
foreign investment
imports
Which are a positive effects of globalization?
opening of new markets
increased pollution
loss of job in the US
cheaper consumer goods
higher standards of living in developing countries
Which of the following has helped create a global economy in the present day?
The use of high taxes for imports and exports
Improvements in technology have made trade easier
The creation of one form of currency (money) used to trade
The success of the Communist governments in guiding trade
