2Q Exam Reviewer Test

MULTIPLE CHOICE: Answer by picking the letter of the correct answer. Identify if the item is an example of one of the three effects of globalization.

ITEM: The local supermarket has been bought by the American chain BNL.

• Collapse of local industries

• Unemployment

• Emigration

MULTIPLE CHOICE: Answer by picking the letter of the correct answer. Identify if the item is an example of one of the three effects of globalization.

ITEM: The local community lost jobs when the factory was converted into a warehouse for BNL supermarkets.

• Collapse of local industries

• Unemployment

• Emigration

MULTIPLE CHOICE: Answer by picking the letter of the correct answer. Identify if the item is an example of one of the three effects of globalization.

ITEM: Sara decided to go abroad because of better job opportunities.

• Collapse of local industries

• Unemployment

• Emigration

TRUE OR FALSE: Write and answer “T” for “True” and “F” for “False.”

ITEM: Globalization is a process that unites the world economy, politics, and culture.

• True

• False

TRUE OR FALSE: Write and answer “T” for “True” and “F” for “False.”

ITEM: The United Nations was formed as an international court to punish war criminals.

• True

• False

TRUE OR FALSE: Write and answer “T” for “True” and “F” for “False.”

ITEM: Because of the UN and the help given by the US and the Soviets, the world started trading more with each other.

• True

• False

MULTIPLE CHOICE. Choose the letter with the correct answer for each question.

ITEM: A country which, relative to other countries, has a lower average standard of living.

• Developing country

• Developed country

• First-world country

• Asian country

MULTIPLE CHOICE. Choose the letter with the correct answer for each question.

ITEM: The term usually applies to places that have strong economies where most of the population enjoys a good standard of living.

• Fourth-world country

• Developing country

• Developed country

• European country

MULTIPLE CHOICE. Choose the letter with the correct answer for each question.

ITEM: These countries could exploit developing countries in globalization.

• Fourth-world country

• Developing country

• Developed country

• European country

IDENTIFICATION: Write the correct answer. ANSWER IN ALL CAPS.

____________________ is a process where the government removes control over aspects of the economy.