Contemporary World

World economy is not exclusively limited to human economic activity and is not judged in monetary terms.

• TRUE

• FALSE

It is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

• World Bank

• International Monetary Fund

• United Nations

• World Trade Organization

The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. Which is the logo of WTO?

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• 
• 
• 

Which picture depicts our contemporary world?

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• 
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Refers to globalization with an aiming ideology of the powerful elite of the global north to deregulate markets.

• Market Deregulation

• Market Privatization

• Market Globalization

• Free Market

The birth rate and death rate determine a country’s

• Population density

• Population distribution

• Population growth

• Demography

Liquidity refers to barriers that prevent or make difficult the movement of things.

• TRUE

• FALSE

The interconnection of the world today is often referred to as

• Nationalism

• Communism

• Globalization

• Isolationism

What historical event in the world where Americans won the battle against Russia that led to the deregulation of trading?

• World War I

• World War II

• Cold War

• Soviet Union War

Meralco is now owned by a specific company to remove government's control and power. What ideology in globalization is being pointed on the situation?

• Free trade

• Free Market

• Deregulation

• Privatization