Chapter 20: The Global Economy

Question 1

Telecommunications

Answer 1

Long-distance communication, usually electronic, using communications satellites and fiber-optic cables

Question 2

DFI direct foreign investment

Answer 2

The purchase by foreigners of real estate and business in another country

Question 3

Multinationals

Answer 3

Firms that do business and have offices or factories in many other countries

Question 4

Foreign affiliates

Answer 4

Branches of multinational firms

Question 5

Global integration

Answer 5

Interdependency among the countries of the world, especially within financial markets and telecommunications