PRELIM: GE 7 QUIZ 1.2

Which of the following shows economic globalization?

• Taylor Swift’s songs are sung by Filipinos

• Spread of liberal ideas to many countries

• Trade agreements among countries

• Propagating religion to remote areas

The new economy is being emphasized in economic globalization where new and high-growth industries are developed due to technology.

• True

• False

• Both True and False

• Partially True

The organization established after World War II where its primary goal is to contain Russian aggression by creating a military pact is known as NAFTA.

• True

• False

• Both True and False

• Partially True

One of the advantages of cultural globalization is the ease of trade.

• True

• False

• Both True and False

• Partially True

. It is a refined notion that individuals are linked together through mass media and electronic communication leading to the formation of a single community.

• Global village
• National city
• Regional town
• Local village

What are the reasons for market integration.

• Decreased market share
• Reduced customer base
• Limited product variety
• Economies of scale, Increased market competitiveness

What are the (2) components of international trade?

• Imports and duties
• Exports and taxes
• Imports and exports
• Imports and tariffs

What is the full name of your GE 7 Instructor?