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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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) B. Develops poor areas of the world
E) D. Causes environmental damage

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

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

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

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

17. 17. Why has International Trade grown?

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

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

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

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

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

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

A) A. Trade Liberalization
B) D. Free Trade
C) B. Protectionism
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) D. Negative impact on environment
D) A. Widens gap between rich and poor
E) A. Jobs transferred

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

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

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

A) D. Opens cultural exchange
B) B. Gives more influence to the biggest and richest
C) C. Develops poor areas
D) A.Encourages free trade
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) B. Con: Negative impact on the environment
B) D. Pro: Cultural exchange
C) C. Reason: To reduce costs
D) A. Pro: More jobs
E) B. Con: Negative impact on the environment

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

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