WH9.3 Global Economics

The World Trade Organization's purpose is to  

• promote trade barriers

• promote free international trade

• help poor countries trade with other poor countries.

• Help world powers maintain world powers.

Based on this late 20th-century map, which conclusion is accurate?

• The worldwide distribution of wealth is unequal.

• Social mobility between social classes is increasing.

• The communist movement is growing.

• Economic self-sufficiency in less developed countries is increasing.

Which economic and political system has dominated the world following the Cold War?

• authoritarian/ communism

• democracy/ free-market capitalism

• fascist/ national socialism

• theocracy/ mercantilism

What are the most valuable assets in a knowledge-based economy?

• patents

• copyrights

• tangible products

• proprietary software/

  processes

What is the location of many companies in the U.S. that fits the model of specialized technology, communications, innovations, and collaborations found in knowledge-based economies?

• Wall Street

• Hollywood

• Broadway

• Silicon Valley