QUIZ 1 Contemporary World

A process of the expansion and intensification of social relations and consciousness across world-time and world space.

• Liberalization

• Internationalization

• Globalization

• Acculturation

Which of the following is a driver of globalization?

• Technological advancement

• Trade barriers and controls inflows of foreign direct investment

• Weak competition

• Economies of scale are being exploited to the maximum

It is the policy in which a country does not levy taxes, duties, subsidies or quota on the important of export of goods or services from other countries.

• Product quality

• Peace relations

• Cheaper price

• Free trade

Globalization represents an increasing integration of all the following except:

• Communication

• Morals

• Economics

• Culture

It is the oldest international trade route that spanned from China to Middle East and Europe.

• Silk road

• Hard road

• Gold road

• Bank road

What is transnational company?

• Moving across the world

• Large global firms that operate in a number of countries

• Getting a job from a company in different countries

• Selling goods to countries

A system heightened interaction between various sovereign states for the desire of greater cooperation and unity among states and people.

• Globalization

• Internationalization

• Globalism

• Internationalism

It is expanding interdependence of world economies.

• Economic globalization

• Global corporations

• Global Governance

• Globalism

Companies which has expanded outside their home countries is known as

• Economic globalization

• Global corporations

• Global governance

• Globalism

The totality of norms, laws, policies and bodies that defines, comprise, and facilitate transnational relations between citizen, states, cultures, intergovernmental, and non-governmental organization.

• Globalism

• Economic globalization

• Global corporations

• Global governance