The Making Of A Global World part 5

What was the  important feature of the US economy in the 1920s ?

• Stock Market boost
• Agriculture products profit
• Mass Production
• Profit in Trade

Who adopted the concept of assembly line to manufacture automobiles?

• T. Cuppola
• Henry Ford
• Samuel Morse
• Christopher Columbus

What do you mean by tariff?

• Tax imposed on a country’s imports
• Tax imposed on a country’s exports
• Tax imposed on a country’s income
• None of the above

What benefits did people get from trade in meat?

• Technology promoted better living conditions at home and support for imperialism abroad
• Frozen meat transported to Europe reduced the cost of shipping meat and made it affordable for the poor
• Reduce the risk of loss as the animal die during shipping.
• All of these

In India, indentured labourers were hired under contracts which promised return travel to India after they had worked for ………. years on their employer’s plantation.

• ten
• three
• five
• two

What was South America’s El Dorado fabled as in the 17th century?

• the trade city
• city of gold
• C city of merchants
• the beautiful city

What do you mean by The ‘Bretton Woods’ twins?

• The two international banks
• The USA and Soviet Russia
• The two MNCs
• None of the above

Identify one aim of the post-war international economic system:

• To ensure economic stability of underdeveloped countries.
• To promote good health for the people of the worl
• Promotion of education worldwide.
• To preserve economic stability and full employment in the industrial worl

What the economists identify as “flows”?

• Trade in goods and migration of people in search of employment.
• Economic, social and cultural exchanges
• No imports of food
• All of the above

Identify three types of movement or ‘flows’ within international economic exchanges in the 19th century?

• trade in goods,  flow of labour- the migration of people in search of employment,  movement of capital for investment
• trade in goods, type of transport movement, flow of labour
• slave trade, trade in goods, capital investment
• trade in goods, type of transport movement, slave trade