(2ND SEM CONTEMP) QUIZ BY SIR PANGAN.

Increasing interdependence of nations and people across the globe

• infrastructure

• specialization

• globalization

• interdependence

The exchange of goods and services by sale or barter driven by the need for resources

• Standard of Living

• Fair Trade

• Trade

• Globalization

Sending goods to another country to sell

• export

• import

Bringing goods in from another country to sell

• import

• export

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

• trade

• goods

• supply and demand

The development of a worldwide economy where resources flow fairly freely across borders.

• globalization

• economy

• GDP

• economic independence

What are some negatives of globalization?

• workers are exploited in sweatshops

• pollution and deforestation

• low wages for factory workers in Asia and Africa

• All of the answers are correct

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

• imports and exports

• multinational corporations

• economic interdependence

Free trade means?

• The countries use the same currency

• No trade barriers

• There is a quota on some goods

• Trade is quick and easy

This International Organization help the least developed countries by stabilizing currency

• UN

• WTO

• IMF

• WORLD BANK