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Globalization Flashcards Essay Examples

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chapter 6

global market channels involve a firm producing goods in their home country and exporting them to other countries a firm that has global operations has some or all of their manufacturing or service operations aboard a firm that would liketo develop a global supply chain would purchase raw materials, components, or supplies from sellers in…

International trade

In regard to trade, United States Imports and exports goods and services Which statement best describes how globalization is affecting the world The world is becoming more globalized and connected When a country chooses to limit the kinds of goods or services it produces, it is practicing Specialization Which is the best example of a…

Globalization Quizlet

Globalization When people and organizations around the world begin to connect through business, economics, and social issues Open Sourcing Having the ability to use certain websites freely and publicly (Free, few restrictions, world wide, improve mass production) Free Trade An economic idea where the people of a country are allowed to buy and sell where…



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What is Globalization?

Globalization The simple definition of globalization is the interweaving of markets, technology, information systems, and telecommunications networks in a way that is shrinking the world from a size medium to a size small. It began decades ago, but accelerated dramatically over the past 10 years, as the price of computing power fell and the world…

Globalization (sociology)

Define Globalization The process by which formerly separate economies, states, & cultures are being tied together & people are becoming increasingly aware of their growing interdependence. (everyone is learning about each others cultures and accepting them) Define Imperialism The economic domination of one country by another. Define Cultural Imperialism Phenomenon of American media, fashion, &…

APEX Econ 6.3: The Challenges of Globalization

Which of the following is not a hazard of globalization? Increased prices Globalization can lead to radically unequal economic growth because of what? An unequal distribution of economic power Why do globalization and increasing interdependence pose risks to the global economy? Disruptions in one place have effects everywhere Which of these has occurred during the…


Global trade provides consumers with more options and lower prices Technologies that allow for instant worldwide communication include mobile phones and Internet access. Purchasing power parity is used to compare the gross domestic product between countries The graph shows China’s workforce from 2000 to 2010. Which best describes the effect of globalization on China’s economy?…


Since the collapse of communism at the end of the 1980s, the ehrstwhile communist nations have transformed their economies by globalizing their markets. This involves Privatizing state-owned enterprises Which of the following is a consequence of globalization? Increasing Outsourcing of services Which of the following has enabled globalization of markets? Falling barriers to cross border…

Economic Globalization

Economic interdependence means that every country has an interest in global economic Growth As economies grow, they demand more raw materials. Globalization has affected developed countries by turning their focus to providing services. What are the purposes of international economic organizations? Select all that apply. to resolve trade disputes to observe global economics to encourage…

Economic Globalization

What is the primary purpose of the European Union? to allow more trade between countries A multinational organization is defined as a business that operates in multiple countries. What most likely caused the steady increase in price per barrel of oil between 2001 and 2008? demand from developing countries As economies grow, they demand more…

Economics Midterm Review

List the function of the Federal Reserve •regulate money supply •clears checks •process checks for federal government Law of comparative advantage Country should produce whatever good or service they can at their lowest opportunity cost Barriers to trade tariff, quota, regulations In what way does scientific research affect economic growth? Improves the way things are…

6.4.2Test (CST): The Global Game Board

In order for a country to specialize its production, what must there be? An international division of labor Country X would have an absolute advantage over Country Y in the production of automobiles under what conditions Country X can manufacture cars more cheaply. What gives a country a comparative advantage? When it gives up less…

apex economics the global game board

In order for a country to specialize its production, what must there be? international division of labor The existence of an international division of labor among countries enables those countries to have what? specialized production The global economy can have specialized production because of what? The international division of labor Country X would have an…

Economic Globalization

What are the purposes of international economic organizations? Check all that apply. -to resolve trade disputes -to promote fair and successful trade -to encourage trade in developing countries The graph below shows global trade and percentage of GDP. What conclusion should be drawn from the graph? Trade increases create higher GDP percentage rates. A multinational…

AP Human Geography (Sarich) Ch 1 – Key Issue 3 Review

What is globalization? Globalization is the spread of economies to create one worldwide economy. How has modern technology played a role in globalization? Modern technology has played a role in globalization because without it the constant communication needed for a global economy would not be possible. In what ways is globalization of culture manifested in…

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