Economic Globalization

1.

1 point

Where are most multinational corporations found?

Western Europe and the United States

United States and Latin America

East Asia and Western Europe

East and Southeast Asia

2.

1 point

Which statement explains how the production of shoes has changed over the last 50 years?

Shoes are more likely to produced close to your home if you life in countries like the U.S.

Globalization has increased the growth of local consumption.

Products like shoes are no longer produced in places in countries like the U.S.

Fewer multinational corporations are found and most are headquartered in the developing world.

3.

1 point

Recent economic globalization has led to a rapid increase in which of the following?

water stress

international trade

transboundary pollution

arithmetic population density

4.

1 point

Which of the following is a negative affect of economic globalization?

Working conditions in developing countries are often unsafe.

Standard of living increase due to the creation of new jobs.

Prices drop for objects sold in the developed world.

Economic globalization between countries decreases the chances of war.

5.

1 point

Why are the different aspects of shoe production found in many different countries?

Most shoes are assembled in the United States with parts from Europe.

Many elements of the shoes are produced in other countries and then shipped to the United States where assembly costs are the least.

The manufacturing and assembly of different components of the shoe take place where production costs the least.

Most shoes are made almost completely in China.

6.

1 point

Which of the following are positive effects of globalization?

New jobs are added in developing countries improving the standard of living.

New factories in the developing world have unsafe or unhealthy working conditions.

Pollution increases in developing countries due to fewer environmental laws.

People in the developed world are losing jobs to people in the developing world.

7.

1 point

China looks to Japan for foreign investment and technology. Japanese consumers buy many goods made in China. The result is which of the following?

economic interdependence

supranational cooperation

ethnic diversity

sustainable development

8.

1 point

Design of products like shoes and the management of the multinational corporations usually takes place in countries in . . .

more developed countries

least developed countries

newly industrialized countries

none of the above

9.

1 point

A company in Mexico ships fruit to the United States for sale without paying tariffs. This is an example of which of the following?

subsistence agriculture

vertical trade

comparative advantage

free trade

10.

1 point

Due to the decreasing time to travel and ship goods how has our perception of the world changed.

The size of the world appears to get larger as we are more aware of areas around you.

Our perception of the world has not changed.

Fewer goods are not shipped around the world.

The world seems like it is shrinking as the time to travel has decreased.

11.

1 point

Which country below would NOT be associated with the production of components for shoes or the final assembly of shoes?

Vietnam

South Korea

Indonesia

Italy

12.

1 point

Which term describes a business that has operations all over the world?

trade bloc

micro-enterprise

multinational corporations

common market