
GROUP 1 TOPICS

Quiz
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Other
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12th Grade
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Medium
Ma Arce
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economic globalization?
B. A process making the world economy isolated from other countries
D. A process making the world economy focused only on one country
A. A process making the world economy an 'organic system' by extending transnational economic processes and economic relations to more and more countries
C. A process making the world economy closed to international trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the oldest known international trade route?
B. Silk Road
C. Tea Route
D. Incense Route
A. Spice Route
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the goal of the Gold Standard?
D. To encourage isolationism
C. To limit the amount of gold in circulation
B. To create barriers to international trade
A. To create a common system for efficient trade and prevent isolationism
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What were the two financial institutions created at Bretton Woods?
B. WTO and World Bank
C. IMF and WTO
D. UNCTAD and IMF
A. World Bank and IMF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main goal of the GATT at the start?
A. To promote non-discriminatory trade liberalization
C. To increase tariffs on imported goods
D. To limit the number of trading partners
B. To restrict trade between countries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the purpose of the International Bank for Reconstruction and Development (IBRD)?
D. To manage global currency exchange rates
C. To provide loans for developing countries
A. To fund post-war reconstruction projects
B. To regulate international trade
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the role of the United Nations Conference on Trade and Development (UNCTAD)?
D. To establish a new international economic order
C. To regulate global financial markets
B. To restrict trade between countries
A. To promote trade and cooperation between developing and developed nations
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