It is the right to exercise power.

• authority

• power

• legitimacy

• influence

_________________ is a theory in International Trade where the government interferes and restricts with the movement of goods and services.

It is a decision of central bank in changing money supply to influence factors affecting the economy like interest rates with the goal of managing price stability and full employment.

• monetary or fiscal policy

• governance policy

• migration policy

• All of the above

1. This refers to business organizations and firms that compete in regional or global markets.

• MNCs

• TNCs

• Both are correct

• Neither of the two

It is a political economic regional organization of 28 member-economies in Europe.

It is the ability of one person to affect the behaviour of another and to impose sanction if the behaviour is otherwise.

• authority

• power

• legitimacy

• influence

Individualism is a political system that values the significance of individuals over collective goals.

• True

• False

Individualism is a political system which stresses that the State, as the primary economic manager views collective action as the best strategy in establishing the welfare and interest of the nation.

• True

• False

From the realist point of view, it is the source of globalization.

• authority

• power

• influence

• legitimacy

In this approach, globalization is synonymous with Westernization and/or Americanization.

• idealism

• liberalism

• realism

• All of the above