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globalization

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Increasing interdependence of nations and peoples across the globe.

a)

Infrastructure

b)

Globalization

c)

Specialization

2.

Sending goods to another country to sell.

a)

import

b)

export

3.

Bringing goods in from another country to sell.

a)

import

b)

export

4.

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).

a)

Free Trade

b)

Trade

c)

Goods

d)

Supply and Demand

5.

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

a)

Globalization

b)

Economy

c)

GDP

6.

What are some negatives of globalization?

a)

Workers are exploited in sweatshops

b)

Pollution and deforestation

c)

Low wages for factory workers in Asia and Africa

d)

All of the answers are correct

7.

What are some positives of globalization?

a)

Cheap sneakers and clothes

b)

Cheap electronics

c)

Information is easy to access and it travels quickly (internet and social media)

d)

All of the answers are correct

8.
A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?
a)
Geography
b)
Culture
c)
Infrastructure
9.

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

a)

Globalization

b)

Trade

c)

Standard of Living

10.

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.

a)

Interdependence

b)

Infrastructure

c)

Globalization

11.
A large company that has operations in more than one country.
a)
Domestic Corporation
b)
Multinational Corporation
c)
Foreign Corporation
12.
Globalization brings our world together?
a)
True
b)
False
13.
How does it bring our world together?  Through.... 
a)
communication
b)
technology
c)
products & services
d)
all of these
14.

WE do not live in a global market?

a)
True
b)
False
15.
Investment by a person or company based in another country is called _____________ .
a)
Distribution 
b)
Foreign investment
c)
imports