Quiz - Globalization and Trade

Globalization has created _________ society.

• planet

• progress

• borderless world

• Standard of Living

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

• Free Trade

• Goods

• Trade

• Supply and Demand

Globalization is about the interconnectedness of people and businesses across the world.

• True

• False

Globalization is always good.

• True

• False

Globalization has brought economic growth to many developing countries. This has meant jobs for millions of people. It has also increased “_________ ___________” among countries.

• imports & exports

• multinational corporations

• economic interdependence

Mc Donald's is an example of a multinational corporation.

• True

• False

Globalization can lift people out of poverty.

• True

• False

The Trump administration renegotiated NAFTA with Mexico and Canada. President Trump's renegotiated free trade agreement is called

• YMCA

• USMCA

• NAFTA 2.0

• NASCAR

Sending goods to another country to sell.

• import

• export

Bringing goods in from another country to sell.

• import

• export