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Globalization Vocabulary Review

Authored by Denise Kansas

Social Studies

12th Grade

Used 2+ times

Globalization Vocabulary Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Globalization

Economy

GDP

Economic Independence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue.

tariff

quota

subsidy

embargo

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Canada's main trade partner?

France

Mexico

The U.S.

Great Britain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The political cartoon above is objecting to what economic controversy?

The rapid expansion of jobs in the service industry.

the unequal distribution fo wealth around the world.

the increase of tariffs on American made product

the outsourcing of jobs to foreign countries.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (money to assist an industry so prices can remain low).

Free Trade

Trade War

Goods and Services

Supply and Demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

YMCA

USMCA

NAFTA 2.0

NASCAR

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free trade means 

the countries use the same currency
No trade barriers
there is a quota on some goods
trade is quick and easy

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