Question 1

What is the process of hiring people to work outside of a company?

Accepted Answer

outsourcing

Answer

import

Answer

productivity

Question 2

____ are good that are brought in from another country to be sold here.

Accepted Answer

Imports

Answer

Exports

Answer

Outsourcing

Question 3

What is the amount a company can produce with a certain amount of labor?

Accepted Answer

productivity

Answer

innovation

Answer

division of labor

Question 4

____ are goods that are shipped to another country to be sold there.

Accepted Answer

Exports

Answer

Specialization

Answer

Imports

Question 5

What is the separation of a work process into a number of different jobs?

Accepted Answer

division of labor

Answer

productivity

Answer

outsourcing

Question 6

What are new inventions or ways of doing things?

Accepted Answer

innovations

Answer

specilaization

Answer

productivity

Question 7

Which is an example of technology impacting global trade?

Accepted Answer

Companies use e-mail to communicate across great distances.

Answer

Car parts are produced and assembled in the same place.

Answer

Modern cargo ships can hold fewer goods than in the past.

Question 8

What is meant by the term specialization?

Accepted Answer

Workers focus on a single task of a larger job.

Answer

Workers perform several small steps over the course of a project.

Answer

Workers work faster and are able to go home earlier.

Question 9

Division of labor leads to higher quality products and an increase in __________.

Accepted Answer

productivity

Answer

prices

Answer

imports

Question 10

Which statement about exports and imports is true?

Accepted Answer

Global trade has grown as a result of the number of goods being imported and exported.

Answer

Importing and exporting goods has resulted in countries around the globe becoming less interdependent.

Answer

It is rare for imports and exports to impact globalization because products are made in many places.

Question 11

One negative effect of globalization is ___________.

Accepted Answer

the outsourcing of American jobs to other countries

Answer

less competition for sales and jobs.

Answer

an increase in the number of jobs.

Question 12

Which effect BEST completes the graphic organizer?

Accepted Answer

consumers have more money to spend on other products

Answer

consumers purchase a small quantity of the product

Answer

supply of the product decreases

Question 13

Is a benefit something good or bad?

Accepted Answer

good

Answer

bad

Question 14

Is a cost something good or bad?

Accepted Answer

bad

Answer

good

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