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
raw materials.
Why do companies choose to outsource work?
to increase profits
How can businesses best take advantage of globalization?
by transporting resources from distant locations
Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country?
How has the Internet improved business communication worldwide? Select all that apply.
-allows for instant communication.
-It enables people to monitor economic trends
-It makes it possible buy and sell instantly.
Globalization has the largest effect on