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Lesson 1: Economic Globalization (glossary words, lesson, assignment & quiz) Terms in this set (27)globalization the process of countries around the world exchanging ideas, doing business, and trading integrate to combine parts, such as nations, into a whole, such as the global economic system interdependence the dependence of national economies on one another multinational corporation a corporation that is based in one country but operates across borders outsourcing the process of sending jobs to another country to take advantage of lower labor costs Lesson - using lower labor costs in other countries Which statement is supported by information presented in the graph? https://media.edgenuity.com/contentengine/frames/3ff8e6bc-dffb-11e2-a1a2-bc764e043e0c/3310-12-08-10-07-image1.PNG Trade with Mexico increased following the passage of NAFTA. match each organization with its mission and purpose 1. promotes commerce and resolves commerce-related disputes Which factor is likely to be of concern in a developed nation in the twenty-first century? slowing economic growth Assignment - High population growth can lead to poor education. Use the graph and the drop-down menus to complete the statements. https://media.edgenuity.com/contentengine/frames/e18f5274-dffe-11e2-a1a2-bc764e043e0c/3310-12-08-20-03-image1.PNG 1. $14.6 trillion A recession occurs when economic production and growth decline over a period of time. https://media.edgenuity.com/contentengine/frames/ed4bb8d2-dffe-11e2-afff-bc764e043e0c/3310-12-08-20-04-image1.PNG 2007-2009 A global economic recession, or decline, affected nations across the
world in 2008. https://media.edgenuity.com/contentengine/frames/ede9f8bc-dffe-11e2-b360-bc764e043e0c/3310-12-08-20-05-image1.PNG It began to decline. Use the bar graph and the drop-down menus to answer the questions. https://media.edgenuity.com/contentengine/frames/f9d9aafa-dffe-11e2-bd15-bc764e043e0c/3310-12-08-20-06-image1.PNG 1. about 40 percent Which statement is supported by information in the graph? https://media.edgenuity.com/contentengine/frames/069bf55e-dfff-11e2-bf5c-bc764e043e0c/3310-12-08-20-07-image1.PNG Trade between nations increased between 1980 and 2011. Which statement is supported by information in the charts? Select all that apply. https://media.edgenuity.com/contentengine/frames/2318ce1e-dfff-11e2-a1a2-bc764e043e0c/3310-12-08-20-08-image1.PNG - The share of world GDP contributed by the United States declined between 2000 and 2010. Write a paragraph explaining how globalization has affected nations around the world. Use details from the lesson to support your answer. Globalization has led to interdependence of world economies. Many nations have formed trade alliances or trade blocs to help their economies grow. As a result, trade has increased for all nations. Giant producing nations, such as the United States, are now contributing a smaller percentage of world GDP as other nations' production has increased. Quiz a better standard of living. Globalization has affected developed countries by turning their focus to providing services. A multinational organization is defined as a business that operates in multiple countries. The graph below shows global trade and percentage of GDP. Trade increases create higher GDP percentage rates. What are the purposes of international economic organizations? Select three options. - to resolve trade disputes As economies grow, they demand more raw materials. Trade blocs help countries by allowing the pooling of resources. The graph shows US trade with Mexico. 2000-2005 How has the Internet improved business communication worldwide? Select three options. - It allows for instant communication. How can businesses best take advantage of globalization? by transporting resources from distant locations Sets with similar termsUnit 21 - Globalization45 terms william_robertpants Apex Econ 690 terms ThaoNguyen_Nguyen5 Economic Globalization23 terms honesttyyy Business chapter 5 quiz39 terms brookeconnell Sets found in the same folderHistory Unit 4: Nation-Building in the Contemporar…21 terms maribelosorio Population and Migration20 terms siallen History Unit 4: Nation-Building in the Contemporar…19 terms maribelosorio History Unit 3: International Developments in the…26 terms maribelosorio Other sets by this creatorVocab 25 terms maribelosorio Antomy white blood cells5 terms maribelosorio Vocab 2010 terms maribelosorio Vocab 1910 terms maribelosorio Verified questions
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Which statement is supported by information in the charts? select all that apply.
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