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WorksheetsGlobalization
Total questions: 11
Worksheet time: 6mins
A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States
The UN
NAFTA
NATO
IMF
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
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
When people trade how do both sides benefit?
Countries can focus on producing specific goods from their natural resources instead of trying to create everything they need
Countries can take advantage of each other making the international market more secure
Countries are able to learn the weaknesses of other countries and exploit those for natural resources
Countries are able to enter other countries with spies and foreign agents to undermine governments.
Globalization can create problems for business because:
It can result in more competition.
It reduces vulnerability to political risk and uncertainty when operating abroad.
It means that they can increase prices.
All of the options given are correct.
Moving work outside your company is called
outsourcing
globalization
downsizing
free trade
This image is an example of....
An unhealthy food choice
Glocalization
Combo number "dos"
FTAA
