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Economic Globalization | Economics homework help

  1. What are the benefits of foreign direct investment in the economy?
  2. Why does most of the worlds’ international trade take place between similar developed economies?
  3. What effect has income redistribution had on the economy? How might this be improved?
  4. Determine whether the following statement is true or false: Foreign direct investment generally leads to technological advancements in poorer countries.
  5. Determine whether the following statement is true or false: A superior level of technology is an important reason the productivity of workers in rich countries is high.
  6. Explain why auto manufacturers produce their own engines but purchase mirrors from independent suppliers.

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