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WorksheetsIN7.3 Globalization
Total questions: 14
Worksheet time: 8mins
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
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
Sending goods to another country to sell.
import
export
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
Which are a positive effects of globalization?
opening of new markets
increased pollution
loss of job in the Canada
cheaper consumer goods
higher standards of living in developing countries
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
Moving work outside your company is called
outsourcing
globalization
downsizing
free trade
