World History & Geography (1300-Present): Global Economy Quiz

What is Globalization?

• The process of isolating a country's economy from the world market.

• The integration of local and national economies into a global, unregulated market economy.

• A strategy for economic development that relies solely on traditional industries.

• The decline of international influence on local economies.

How has globalization affected economic growth in developed countries?

• By significantly reducing their GDP.

• By limiting their access to international markets.

• By increasing their economic growth through access to new markets.

• By making them solely dependent on agriculture.

Which of the following best describes the impact of globalization on labor markets?

• Decrease in the availability of skilled labor.

• Increase in job opportunities in manufacturing and service sectors.

• Stagnation of job growth in all sectors.

• Complete automation of all jobs, eliminating the need for human workers.

Globalization has led to _____ of _____.

What is a negative impact of globalization on income distribution?

• It has made income distribution more equal worldwide.

• It has decreased the wealth gap between the rich and the poor within countries.

• It has widened the income gap between the rich and the poor within countries.

• It has eliminated poverty in developing countries.

How does globalization affect the rights of citizens?

• By significantly reducing individuals' rights in all countries.

• By enhancing the rights and freedoms of citizens globally.

• By potentially undermining local labor laws and standards.

• By ensuring equal rights for all individuals worldwide.

The environmental impact of globalization includes:

• Decreased pollution due to stringent global environmental laws.

• Increased awareness and action towards global warming.

• Strain on global water supplies and increased pollution.

• Complete reversal of climate change effects.

Which of the following is a result of globalization on global labor markets?

• Decreased migration for work.

• Increased protectionism in developed countries.

• More opportunities for workers in developing countries.

• Uniform wages worldwide.

Globalization has impacted the distribution of resources by:

• Ensuring equal access to resources for all countries.

• Leading to resource depletion in certain regions.

• Completely stopping the exploitation of natural resources.

• Reducing the global demand for natural resources.

Which statement best reflects the impact of globalization on cultural exchanges?

• It has led to the homogenization of global cultures.

• It has decreased the exchange of cultural values and ideas.

• It has had no impact on cultural exchanges.

• It has resulted in the isolation of cultures worldwide.