Globalization Learning Check

Which of the following is a power of the UN Security Council?

• create new laws

• select new members

• veto measures

• vote on proposed measures

All of the following are BENEFITS of free trade (economic globalization) EXCEPT:

• more variety of goods

• higher wages

• cheaper goods

• more profits for transnational corporations

All of the following are COSTS of free-trade (economic globalization) EXCEPT:

• low-wage factory jobs in developing countries

• loss of factory jobs in developed countries

• a crisis in one place leads to global impacts

• less products are available

What are the entities that make loans to states who need them?

• World Bank and IMF

• NY Stock Exchange

• NATO

• European Union

The Universal Declaration of Human Rights has only been adopted by "First World" countries.

• True

• False