REVIEW (The Contemporary World)

It refers to the amount of political co-operation that exists between different countries.

• Social globalization

• Political globalization

• Economic globalization

• Citizen globalization

It refers to the interconnectedness of economies through trade and the exchange of resources.

• Social globalization

• Political globalization

• Economic globalization

• Citizen globalization

It refers to the sharing of ideas and information between and through different countries.

• Social globalization

• Political globalization

• Economic globalization

• Citizen globalization

The worldwide movement toward economic, financial, trade, and communications integration.

• Civilization

• Globalization

• Modernization

• Market integration

What is the purpose of globalization?

• To lessen competition

• To affect us in a negative way

• To provide wide range of markets to large corporations

• To educate the youth

It is the exchange of goods and services integrated into a huge single global market.

• Global trade

• Global system

• Global governance

• Global economy

Which is one of the best reasons why countries trade with each other?

• They trade when they want to alleviate competition.

• They trade when they do not have the resources on their own.

• They trade when they want to alleviate competition.

• All of the above

Which is not a component of globalization?

• Economic globalization

• Citizen globalization

• Cultural globalization

• Political globalization

This are foreign goods and services bought by citizens, businesses, and the government of another country or simply to purchase products from other countries is called _________.

• Export

• Import

• Exchange rate

• Free trade

This are the goods and services produced in one country and purchased by residents of another country or simple to sell products to other countries is called _________.

• Export

• Import

• Exchange rate

• Free trade