Globalization in an International Market

Globalization in an International Market
Study Guide Key

touch on: __________________________ Date: _____________

Read the following questions and answer them according to the learner Information Guide.

Multiple Choice:

1. C Which of the following is not a negative effect of globalization?

a. Spread of morbific diseases.

b. Increase in global food prices.

c. Promotion of forego trade.

d. Use of sweatshops by manufacturers.



2. A The compass north American necessitous Trade Agreement (NAFTA) was formed on ______ between the countries of ______, _______, and _____.

a. January 1, 1994; Canada, joined States, and Mexico

b. December 17, 1991; China, Mexico, and Canada

c. January 1, 1994; Germany, United States, and Mexico

d. December 17, 2005 Canada, Mexico, and England




3. A A wizard of globalization would argue that globalization _______.

a. leads to a more expeditious allocation of resources, with all countries involved in the trade benefiting.

b. causes weary unions to be weak.

c. leads to the exploitation of foreign impoverished workers.

d.



damages the born(p) resources of the planet.

True or False:

1. True The two supplements to NAFTA argon the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).



2. True The remainder of NAFTA was to eliminate barriers of trade and investment between the USA, Canada, and Mexico.



Short execute:

1. Define Globalization. Globalization describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning internet of communication and trade. It refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services, and labor.




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