GED 104 QUIZ NO.2

Refers to the expanding interdependence of world economies.

Refers to the interconnected worldwide economic activities that take place between multiple countries

Economic activities can have either a positive or negative impact on the countries involved.

• TRUE

• FALSE

Market integration occurs when prices among same locations or related goods follow similar patterns over a long period of time

• TRUE

• FALSE

Groups of goods often move proportionally to each other and when this relation is very clear among different markets it is said that the markets are integrated.

• TRUE

• FALSE

A system of unequally powerful and competing states in which no single state is capable of imposing control on all others.

The international financial institution that provides loans to countries of the world for capital projects.

It is the capacity of state to choose and implement policies within the territory

Is the process of industrial, political, legal, economic, social and cultural integration of states wholly or partially in Europe.

Global market integration did not happen overnight

• TRUE

• FALSE