Identify which technological innovation is most important in helping facilitate the process of globalization.(1 point)

The invention of the computer is the most important technological innovation in helping facilitate the process of globalization. Computers have revolutionized communication, information sharing, and commerce on a global scale, making it easier for people and businesses to connect across borders.

Which of the following best analyzes how free trade can improve standard of living?(1 point)
Responses

Free trade helps governments provide subsidized housing for their citizens.
Free trade helps governments provide subsidized housing for their citizens.

Free trade creates jobs.
Free trade creates jobs.

Free trade increases competition for local industry.
Free trade increases competition for local industry.

Free trade brings cheap fast food into the country, which everyone can afford.

The response that best analyzes how free trade can improve the standard of living is:

Free trade creates jobs.

Creating jobs can lead to higher incomes and better employment opportunities, which in turn can improve the standard of living for individuals and communities.

hich of the following terms best describes a gap in access to the internet between people in wealthy countries versus those in less developed countries?(1 point)
Responses

digital divide
digital divide

brain drain
brain drain

remittance
remittance

supply chain

The term that best describes a gap in access to the internet between people in wealthy countries versus those in less developed countries is digital divide.

Which of the following accurately analyzes the similarities between the two waves of globalization?(1 point)
Responses

Globalization reduced poverty in less developed countries in both waves.
Globalization reduced poverty in less developed countries in both waves.

Neocolonial economics were the basis for globalization in both waves.
Neocolonial economics were the basis for globalization in both waves.

Transnational corporations accumulated disproportionate wealth in both waves.
Transnational corporations accumulated disproportionate wealth in both waves.

In both waves, agricultural products were the most traded commodity.

The response that accurately analyzes the similarities between the two waves of globalization is:

Transnational corporations accumulated disproportionate wealth in both waves.

This highlights the trend of corporations gaining significant economic power throughout both waves of globalization.

Which of the following institutions emerged out of the Bretton Woods Conference in 1944?(1 point)
Responses

the United Nations
the United Nations

the League of Nations
the League of Nations

the World Bank
the World Bank

transnational corporations

The institution that emerged out of the Bretton Woods Conference in 1944 is the World Bank.