East Asia Test

A set of processes that are increasing interactions, deepening relationships, and heightening interdependence without regard to country borders is called...

• Globalization
• Big Mac Index
• Dollarization
• Transitional economies

In a command economy(communism), how are economic decisions made?

• a. custom and habit

• b. government planners

• c. consumers and the market

• d. combination of consumers and government planners

The purpose of China creating Special Economic Zones was to

• a. spread communist teachings. 
• b. improve agricultural harvests.
• c. increase trade with foreign countries.
• d. keep foreign workers out of the country.

This cartoonist probably agrees that his country should switch from what type of economy to another?

• Communism to traditional

• Communism to free market aspects

• Free market to communism

• socialism to communism

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.

• Traditional

• Free Market or Capitalism

• Command or Communism

• Mixed

What is globalization 

• An interdependence between countries of the world in which goods and products are diffused in other culture
• Organization world wide
• Trade
• None of the above

What are the Pro's of globalization?

• Larger markets
• new products
• resources for cheap
• All of the above 

Which of the following is not a con for globalization

• Technological advancement

• Creating more pollution

• Pandemics or diseases

• Local Tradition

A company like Mcdonalds spreading around the globe is an example of what?

• Cultural diffusion

• Cultural convergence

• Isolationism

• Micro-loans

How does globalization cause fears of global pandemics?

• Goods are traded internationally
• People are generally stupid
• the media hypes EVERYTHING
• Diseases spread easily between animal and people