BUSINESS

Question 1

1 / 1 pts

The link between labor costs in China and the price of MP3 music players in the United States is an example of ________.

 

Question 2

1 / 1 pts

The growing demand for biofuels in the United States that has led to a growing supply of soybeans from Brazil is an example of all of the following EXCEPT ________ economies.

 

Question 3

1 / 1 pts

An example of globalization of ________ is Toyota opening a factory in Kentucky.

 

Question 4

1 / 1 pts

A term that describes the movement of production away from a domestic production site to a foreign location is ________ outsourcing.

Question 5

1 / 1 pts

The developing country of Alpha had a rule that none of its factories could be owned by companies from the developed country of Beta. If Alpha drops this rule, this would be an example of ________.

 

Question 6

1 / 1 pts

Which of the following is contributing to the acceleration of globalization?

 

Question 7

0 / 1 pts

All of the following contribute to accelerating globalization EXCEPT ________.

 

Question 8

1 / 1 pts

Brazil has experienced rapid economic growth and increased sales of its products to other countries. This is an example of a(n) ________.

 

Question 9

1 / 1 pts

The nation of Baa-Baa raises sheep relatively more efficiently than the nation of Snuggle. Snuggle weaves woolen blankets relatively more efficiently than Baa-Baa. Baa-Baa decides to specialize in raising sheep, to sell wool to Snuggle, and to buy blankets from Snuggle. Snuggle decides to specialize in blanket weaving, to sell blankets to Baa-Baa, and to buy wool from Baa-Baa. This international trade illustrates ________ advantage.

 

Question 10

1 / 1 pts

If the United States has the ability to produce more steel than any other country in the world, the United States has a(n) ________ advantage in steel production.

 

Question 11

1 / 1 pts

A country’s launching of a government-owned telecommunications satellite is an example of investing in ________.

 

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