Question

1. globalization is the development of a ______ society. means trade and organizations. true across boundaries.
2. a ______ is a business that operates in more than one country at a time.
3. the agreement called ______ was created to reduce tariffs and promote free trade between countries.
4. one benefit of globalization for consumers is greater access to ______ from around the world.
5. ______ is a tax placed on imported goods to make them more expensive

word bank
wto, multinational corporation, global, products, tariff

multiple choice questions: choose the correct answer from the choices for each question.

1. globalization has led to a rapid increase in which of the following?

a) water stress
b) international trade
c) transboundary pollution
d) increased population density

1. which technology led to the 2nd industrial revolution and increased global trade?

a) the compass and the caravel
b) trains and steamboats
c) trucks and airplanes
d) personal computers and the internet

1. what is the best definition of free trade?

a) trade between countries
b) no or low tariffs
c) international trade with no barriers imposed by governments
d) trade agreements signed by multiple nations

1. which term describes a business that has operations all over the world?

a) trade bloc
b) common market
c) micro-enterprise
d) multinational corporation

1. one benefit of globalization for consumers is:

a) it keeps labor costs low
b) it increases the size of a company’s market

Explanation:

Question 1

Globalization is associated with the growth of international trade as it facilitates the exchange of goods, services, and capital across borders. Water stress, transboundary pollution, and increased population density are not direct results of globalization's rapid increase.

The 2nd industrial revolution (late 19th - early 20th century) was driven by technologies like trains (railroads) and steamboats, which improved transportation and industrial production. The compass/caravel is for Age of Exploration, trucks/airplanes are later, and personal computers/internet are modern (post - 2nd industrial revolution).

Free trade is defined as international trade with minimal or no government - imposed barriers (like tariffs, quotas) to allow for the free flow of goods and services. Option A is just international trade, option B is about tariffs only, and option D is about trade agreements, not the definition of free trade.

Answer:

B. International trade

Question 2