Social 10: Ch. 12 Quizizz

What is a trading bloc?

• A perspective held by those who are against global trade agreements and their consequences for people in less developed countries, the environment, and peace.

• A group of countries that have reduced or even eliminated tariffs, allowing for the free flow of goods among the member nations. Often these countries are in the same geographic region.

• Economic and social gaps among individuals, communities, or countries.

Give two examples of a trading bloc.

True or False: The EU is a common market, meaning that they are a trading bloc, many EU countries share a currency, its citizens can move between countries, and they have shared economic policies.

• True

• False

What issues do people who hold an anti-globalization perspective have with globalization?

• They believe that globalization has led to wealth for some countries and poverty for others.

• They believe that globalization has had an extremely negative impact on the environment.

• They believe that globalization has led to conflict as groups fight for control of resources and different worldviews conflict with each other.

• All of the above.

Which of the following actions would help achieve trade liberalization?

• Establishing import quotas.

• Limiting foreign investment.

• Decreasing tariffs on imported goods.

• Government subsidies for domestic goods.

What does deregulation mean? Choose the best answer.

• Opening an industry to more competition.

• Removing safety regulations from industries.

• Removing environmental regulation from industries.

• Giving more control to the government.

Which of the following is NOT a challenge caused by the privatization of water?

• Inequality in the distribution of water.

• Less transparency about where the profit from water sales go.

• Profits often ending up in foreign countries.

• Slower, less efficient practices.

Outsourcing occurs when….

• a company moves all of its business operations to a new country.

• a country allows corporations to sell products through telemarketing.

• a company moves some, but not all, of its business operations to a new country.

• a country brings in migrant workers to perform occasional seasonal jobs.

Which of the following is NOT true.

Outsourcing labour by large corporations is often criticized because…

• jobs in the home country are lost.

• environmental standards are ignored.

• the cost of labour is increased because of travel.

• the quality of the finished products are often compromised.

What is one thing you learned in this chapter that you did not get to show me on this quizizz? Tell me what you know about it for one mark.