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deva pretty - Quiz

1. 1.According to the UN, economic globalization refers to the increasing interdependence of world economies due to:

A) A. Government intervention only
B) B. Growing cross-border trade, flow of capital, and spread of technology
C) B. Growing cross-border trade, flow of capital, and spread of technology
D) D. Exploitation of periphery countries
E) C. Protectionism and quotas

2. 2. Which of the following is NOT a KeyActor in the Global Economy?

A) C. International financial institutions
B) A. Nation-states
C) D. Local sari-sari stores
D) B. Global corporations
E) D. Local sari-sari stores

3. 3. The Modern World System Theory was developed by:

A) D. JohnKeynes
B) B. Immanuel Wallerstein
C) A.Adam Smith
D) B. Immanuel Wallerstein
E) C. Karl Marx

4. 4. Protectionism uses which tools to limit foreign trade?

A) C. Technology and Communication
B) B. Quotas and Tariffs
C) B. Quotas and Tariffs
D) D. International Capital
E) A. Free Trade Agreements

5. 5. Which country type "exploits periphery for labor and raw materials"?

A) C. Core Countries
B) A. Periphery Countries
C) B. Semi-periphery Countries
D) D. Developing Countries
E) A. Periphery Countries

6. 6. International Trade is the process of goods and services crossing national boundaries
in exchange for:

A) A. Technology only
B) D. Cultural exchange
C) C. Political support
D) B. Money or goods
E) B. Money or goods

7. 7. Which is one of the 5 cons of globalization?
A. Encourages free trade
B. Diseases spread faster

A) B. Diseases spread faster
B) C. Develops poor areas
C) B. Diseases spread faster
D) C. Develops poor areas
E) A. Encourages free trade

8. 8. Which reason for globalization is shown when you attend a Zoom meeting with
someone in Japan instantly?

A) B. Rapid shrinking of time and distance
B) D. Domestic markets are not enough
C) C. To get technological know-how
D) B. Rapid shrinking of time and distance
E) A. To reduce costs

9. 9. Semi-periphery countries are described as the "middle class" of the world economy
that:

A) A. Export raw materials
B) B. Stabilize the system by connecting core and periphery
C) C. Have weak central governments
D) D. Focus on high-skill production
E) B. Stabilize the system by connecting core and periphery

10. 10. One pro of globalization is that it:

A) B. Encourages free trade and lower prices
B) B. Encourages free trade and lower prices
C) C. Transfers jobs to lower-cost areas
D) A. Widens the gap between rich and poor
E) D. Increases pollution

11. 11. Why do companies move production to countries like Bangladesh?

A) B. To pay workers less and reduce cost
B) C. To get technological know-how
C) D. To find political stability
D) B. To pay workers less and reduce cost
E) A. To be close to raw materials

12. 12. "Big multinational companies dominate while small sari-sari stores struggle" is an
example of which con?

A) C. Widens the gap between rich and poor
B) D. Diseases spread faster
C) C. Widens the gap between rich and poor
D) B. Gives more influence to the biggest and richest
E) A. Negative impact on environment

13. 13. Why did BPO companies set up in the Philippines?

A) A. To reduce transportation costs
B) B. For political and economic stability, skilled workers, and lower costs
C) C. To be close to raw materials
D) D. To encourage protectionism
E) B. For political and economic stability, skilled workers, and lower costs

14. 14. Factories in Cavite and Cebu providing jobs from foreign companies show how
globalization:

A) C. Transfers jobs abroad
B) A. Widens inequality
C) B. Develops poor areas of the world
D) D. Causes environmental damage
E) B. Develops poor areas of the world

15. 15. Using email and Google Drive instead of sending documents by sea relates to
globalization's goal to:

A) C. Find political stability
B) B. Reduce transportation and communication costs
C) B. Reduce transportation and communication costs
D) A. Get technological know-how
E) D. Expand domestic markets

16. 16. The goal of Trade Liberalization/Free Trade is:

A) C. Free flow of goods and services
B) D. Use quotas and tariffs
C) A. Protect domestic production
D) B. Discriminate against foreign competitors
E) C. Free flow of goods and services

17. 17. Why has International Trade grown?

A) A. Due to decreasing demand
B) D. Due to fewer technologies
C) B. Increasing demand for goods/services and "globalizing" local products C. Because of protectionism D. Due to fewer technologies
D) B. Increasing demand for goods/services and "globalizing" local products
E) C. Because of protectionism

18. 18. Nike manufacturing in Vietnam/Indonesia and selling in US/Europe is an example
of:

A) C. Domestic markets are not enough
B) D. To reduce environmental impact
C) B. To be close to raw materials and markets
D) B. To be close to raw materials and markets
E) A. To get managerial know-how

19. 19.Acountry exports minerals and imports finished electronics anddepends on foreign investors for factories. This country is most likely:

A) A. Core
B) B. Semi-periphery
C) C. PeripheryD
D) D. Developed
E) C. Periphery

20. 20.If a government increases tariffs to protect local farmers from imported rice, which economic policy is this?

A) B. Protectionism
B) A. Trade Liberalization
C) D. Free Trade
D) C. Economic Globalization
E) B. Protectionism

21. 21.COVID-19 spreading worldwide in months due to travel and trade best illustrates which con of globalization?

A) C. Diseases spread
B) C. Diseases spread
C) A. Jobs transferred
D) D. Negative impact on environment
E) A. Widens gap between rich and poor

22. 22.APhilippine clothing brand cannot grow with only local buyers, so it sells online to the US and Middle East. This shows:

A) A. Trade Liberalization reduce cost
B) B. Domestic markets are no longer enough
C) B. Domestic markets are no longer enough
D) D. To get technological know-how
E) C. To be close to raw materials

23. 23.Big tech companies lobbying to pass laws that hurt smaller businesses demonstrates

A) A.Encourages free trade
B) B. Gives more influence to the biggest and richest
C) C. Develops poor areas
D) D. Opens cultural exchange
E) B. Gives more influence to the biggest and richest

24. 24.Increased shipping and factory production for export leading to ocean pollution and global warming is an example of:

A) D. Pro: Cultural exchange
B) B. Con: Negative impact on the environment
C) B. Con: Negative impact on the environment
D) A. Pro: More jobs
E) C. Reason: To reduce costs

25. 25.Which scenario best shows "Use of excess capacity" as a reason for international trade?

A) C. Reducing risk of supply shortage
B) B. Expanding market outside national territory because local demand is full
C) A. Importing cheaper raw materials
D) B. Expanding market outside national territory because local demand is full
E) D.Adding variety to product line

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