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- 1. Multiple Choice
The term “globalization” is derived from the word “globalize” which refers to the emergence of an international network of economic systems.
TRUE
FALSE
- 2. Multiple Choice
Which picture depicts our contemporary world?
- 3. Multiple Choice
World economy is not exclusively limited to human economic activity and is not judged in monetary terms.
TRUE
FALSE
- 4. Multiple Choice
Which is not a component of globalization?
Economic globalization
Cultural globalization
Citizen globalization
Political globalization
- 5. Multiple Choice
When prices among different location or related goods follow the same pattern over a long period of time, ________________ exist.
globalization
world market
market integration
foreign direct investment
- 6. Multiple Choice
New technology created the connections that propelled globalization.
TRUE
FALSE
- 7. Multiple Choice
The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. Which is the logo of WTO?
- 8. Multiple Choice
It is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
World Bank
International Monetary Fund
United Nations
World Trade Organization
- 9. Multiple Choice
The general complaint about globalization is that it has made the rich richer while making the non-rich poorer.
TRUE
FALSE
- 10. Multiple Choice
Competition between countries is supposed to drive prices down. In many cases this is not working because countries manipulate their currency to get a price advantage.
TRUE
FALSE
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