Investment has the power to alter the way of production, via ________, and can, therefore, create more change than just the trading of materials.

Select one:

a.

Energy, economic, and cultural styles

b.

Knowledge, technology, and management techniques

c.

Agricultural, management, and political moves

d.

None of the above

Concentrating solely on domestic productions of goods and limiting the amount of foreign investment that goes on, is beneficial to a country's economy.

Select one:

True

False

In a globalized world, having a competitive edge is key to dominating an industry. To stay competitive, this oftentimes means business owners outsource _________from different countries.

Select one:

a.

Goods

b.

Labor

c.

Both A and B

d. None of the Abov

International trade has sparked economic growth worldwide by doing all of the following except:

Select one:

a.

Raising incomes levels

b.

Creation of new jobs

c.

Decreasing workers' earning potential

d.

Reducing prices of goods

The World-System Theory of globalization is explained by:

Select one:

a.

The presence of the World Wide Web through the internet

b.

Modern world cultures seeking to transform and blend with other cultures

c.

A capitalist world system that spreads across the globe

d.

A movement to unite the world religions into one common religion