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How Globalization Affects Economic Inequality

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The exchange of goods, ideas, and services on a worldwide scale is know as _____.

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1. _____ is the disparity in resources and wealth between two entities.

2. The example of worker exploitation is when a country can use workers from another country to produce items _____.

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About This Quiz & Worksheet

Test what you know about the impact of globalization on economic inequality with this worksheet/quiz combination. With the quiz, you'll be answering questions on areas of study that include international trade and the aggregation of resources, which favors one group over another.

Quiz & Worksheet Goals

You'll need to know about:

  • Worker exploitation
  • The ways in which countries take protective measures with regard to trade
  • An economic group/economic groups that are affected by wealth fluctuation

Skills Practiced

  • Knowledge application - use your knowledge to answer a question about the exchange of resources and goods and services between countries
  • Information recall - access the knowledge you've gained as to why a country would use workers from somewhere else to produce goods
  • Defining key concepts - ensure that you can accurately define main phrases, such as economic inequality

Additional Learning

Learn more about international trade via the lesson we've provided called How Globalization Affects Economic Inequality. With this lesson, you'll get to:

  • Understand how technology has ushered in globalization
  • Assess the economic theory of supply and demand on a global scale
  • Determine how price fluctuation can affect interconnected markets
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