Globalization & Economic Systems Quiz

What is globalization?

• The worldwide coming together of nations and countries

• The process of immigrating to a new country

• Creating local market to support small business owners

• It is the increase in nationalism and isonlationism

What are some of the negative effects of globalization?

• All of these

• The environment can suffer from additional pollution

• People in industrialized countries might lose their jobs

• People in developing countries remain poor and without insurance

Click the four type of Economic systems?

• Market

• Mixed

• Command

• Traditional

• marcommand.

Click the four type of Economic systems?

• Market

• Mixed

• Command

• Traditional

• marcommand.

which country in the world has the closest market economy?

• North Korea

• The United States

• Brazil

• Germany

How do globalization and climate change relate to one another?

• Increased pollution in the air from travel, shipping, and more adds to the effects of greenhouse gasses

• Decreased pollution helps to minimize the effects of greenhouse gasses

• The use of renewable energy since globalization began has made globalization carbon neutral

• They do not relate to one another

What are two issues that can occur when globalizing?

• Interdependence

• Economic Growth

• Inequitable Distribution

• Technological Advancment

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

Which word best describes the effort to save the environment?

• green living

• ecology

• conservation

• agriculture