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Questions and Answers
What happens when countries' markets become integrated and interconnected through economic transactions on cross-national borders?
What happens when countries' markets become integrated and interconnected through economic transactions on cross-national borders?
- Globalization occurs (correct)
- Temporary labor migration decreases
- Technical information becomes more accessible
- International trade increases
Which of the following is NOT a form of economic transaction in globalization?
Which of the following is NOT a form of economic transaction in globalization?
- Trade between unrelated firms
- Temporary and permanent labor migration
- Transactions within international enterprises (correct)
- Investments in local production facilities by multinational firms
What is the process called when multinational firms invest in local production facilities?
What is the process called when multinational firms invest in local production facilities?
- International trade
- Foreign direct investment (correct)
- Temporary labor migration
- Technical information
What do international economists consider globalization to be?
What do international economists consider globalization to be?
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What is one of the factors that drives economic transactions in globalization?
What is one of the factors that drives economic transactions in globalization?
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