When opening a factory in a country with an economy like China’s, it is most likely that its interests are
not low labor costs or low tax rates
, but to take advantage of abundant resources that may not exist in the country of origin.
What are the most likely reasons a US corporation would open a factory in China check all that apply Brainly?
to take advantage of abundant resources
.
to take advantage of lower labor costs
.
to take advantage of favorable tax laws
.
to take advantage of employment opportunities
.
What are the most likely reason the US corporation would open a factory in China?
When opening a factory in a country with an economy like China’s, it is most likely that its interests are
not low labor costs or low tax rates
, but to take advantage of abundant resources that may not exist in the country of origin.
How has globalization made countries more?
How has globalization made countries more interdependent? … –
Countries now rely on one another for chances to import
. – Countries rely on each other for cheaper products. – One way to measure economic growth is by using GDP, which stands for Countries now rely on one another for chances to export.
Which is the best conclusion that can be drawn about the economies of the US and Western Europe?
9.1 Based on the map, which is the best conclusion that can be drawn about the economies of the US and Western Europe?
The US and Western Europe are strong because they have high GDPs.
How have airplanes changed the way world does business?
by
making long trips less expensive by making long trips in less time by opening up new trade markets by increasing hiring opportunities by increasing travel options
.
Which situation might cause a country to specialize?
Answer:
Environmental conditions, inner-social conditions, and trade conditions
. A country cannot choose to be where the oil is at, or if rice can grow there, so they will specialize in what they can get to grow there, much like most Middle Eastern countries and oil.
Which statement best describes how globalization is affecting the world?
The correct answer is letter B:
The world is becoming more globalized and connected
.
Why does the US import oil quizlet?
The United States is said to have an absolute advantage in producing food compared with Japan. … Why does the US import oil?
because it does not produce enough oil
.
Which
is an example of a country that is overly dependent on another country for critical goods and services?
What steps must countries take to transition?
They
must establish a fair labor market
. They must discourage foreign investment. They must open up trade to other countries. They must establish a fair labor market.
How does globalization affect us?
However, globalisation is also affecting us in a negative way.
Increased transportation
and the global shift of polluting manufacturing industries has resulted in environmental degradation. Pollution is affecting people’s health and having a negative impact on biodiversity levels globally.
How has globalization changed the world?
Globalization has benefits that cover many different areas. It
reciprocally developed economies all over the world and increased cultural exchanges
. It also allowed financial exchanges between companies, changing the paradigm of work. Many people are nowadays citizens of the world.
What are the impacts of globalization?
Globalization
creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world
. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
Why did the US use the Marshall Plan?
The Marshall Plan, also known as the European Recovery Program, was a U.S. program
providing aid to Western Europe following the devastation of World War II
. … In addition to economic redevelopment, one of the stated goals of the Marshall Plan was to halt the spread communism on the European continent.
How did the Marshall Plan benefit the United States?
The Marshall Plan generated a resurgence of European industrialization and brought extensive investment into the region. It was also a
stimulant to the U.S. economy by establishing markets for American goods
.
Why do you think it was important for America to assist European countries?
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative passed in 1948 for foreign aid to Western Europe. … The goals of the United States were
to rebuild war-torn regions
, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of communism.
