Globalization Review

Which is a negative effect of globalization?

• bringing cultures together

• providing jobs to those in developing countries

• causing the loss of traditional cultures

• allowing consumers to buy goods more cheaply

Which is a good result of globalization?

• helps eliminate old traditions

• prevents sharing of technology

• hinders communication

• encourages trade

Which statement best describes the overall effect of globalization?

• Globalization makes producing, buying, and selling of goods easier and more economical.

• Globalization affects most countries in the world in the same ways.

• Globalization helps countries preserve their traditional cultures.

• Globalization hurts the economy of most underdeveloped countries.

What is an economy?

• the exchange of money and ideas

• a system of producing and distributing wealth

• the natural resources of a country

• the way currency is made

Which is a natural resource?

• steel

• money

• farm

• oil

What is the best definition for "free enterprise"?

• an economic system in which private businesses organize and operate for profit

• an economic system in which the state owns the means of producing goods and services

• a classless society in which individuals do not own private property

• an economic system in which the government plays no role

What is the name of the alliance that first removed trade barriers among European countries?

• Asia-Pacific Economic Cooperation

• Common Market

• North Atlantic Treaty Organization

• European Commission

In which form of government do citizens elect their representatives?

• democracy

• dictatorship

• monarchy

• communism

Which word best describes the effort to save the environment?

• green living

• ecology

• conservation

• agriculture

What did trade on the Silk Road show about globalization?

• Globalization has been around for centuries.

• Globalization has just been invented.

• Modern technology is needed for globalization.

• Globalization requires that people speak the same language.