Social 10-1 Unit 3 Review Questions (Version B)

Social 10-1 Unit 3 Review Questions (Version B)

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Multiple Choice

The type of economic system described in the given quote is known as

• socialism

• communism

• market economy

• command economy

Multiple Choice

The given quote provides clear examples of

• globalization

• global disparity

• global diversity

• global interdependence

Multiple Choice

Which of the following statements about the contemporary world is most strongly supported by the stories associated with the given headlines?

• International economic activity is increasing interdependence among nations

• Nations that violate human rights often face sanctions by the international community

• Nations that resist new technological developments will lose competitiveness in world markets

• International conferences encourage national leaders to discuss their important economic issues

Multiple Choice

An example of the sort of waste that is the concern of Speaker V would be

• oil and gas consumption

• use of hydroelectric power

• the purchase of solar panels

• consumption of grain products such as bread

Multiple Choice

Which of the following phrases best completes the given diagram?

• Reduce the sovereignty of Third World nations

• Create job opportunities for people in the First World

• Escape environmental and other controls on their activities

• Reduce the "brain drain" experienced by Third World nations

Multiple Choice

Which of the following generalizations can be made about the information provided in the source?

• Consumption of oil will soon lead to a global shortage

• Disparity exists between global oil production and consumption

• Global demand for oil has greatly increased over the past 50 years

• The extraction of crude oil has greatly increased over the past 50 years.

Multiple Choice

What is the main point of the political cartoon?

• the military exploit the poor

• the well-to-do exploit the poor nations

• the poor nations are sharing their goods

• poor nations really have a great deal of wealth

Multiple Choice

 The cartoonist would most likely be in favor of which change?

• sharing the world's wealth

• individuals really value the importance of the cow and treat it well

• the rich nations helping the poor nations

• the rich nations leaving the poor nations alone

Multiple Choice

What is the main point of the political cartoon?

• NAFTA benefits both developing and developed nations

• NAFTA promotes economic globalization and everyone is happy to participate

• Freer markets are desirable for most nations

• NAFTA has negative effects that people do not realize such as job loss.

Multiple Choice

What is the main point of the political cartoon?

• The EU is concerned about the economic loss with Britain leaving.

• The EU is concerned about the economic loss with Greece staying.

• The EU breaking up in the near future.

• The development disparities that exists within Europe.

Multiple Choice

What is the main point of the political cartoon?

• Inflation is part of the family.

• Inflation is only temporary and will shortly disappear from their lives.

• Initially, inflation was suppose to be temporary, but it is still here and growing.

• Inflation is a normal aspect of society today.