Contemporary World

What is the Brandt Line?

• A line separating two countries

• A line marking the equator

• An invisible line dividing the rich north from the poor south

• A line indicating the time zone difference

What is the main purpose of the Bretton Woods System?

• To maintain fixed exchange rates between currencies

• To promote free trade agreements

• To establish a global currency

• To regulate international immigration

What is the role of International Financial Institutions in the global economy?

• Regulating international immigration policies

• Promoting regional conflicts

• Maintaining stability in exchange rates and promoting economic cooperation

• Controlling global trade routes

What is the main characteristic of a Transnational Corporation (TNC)?

• Operating substantial facilities in multiple countries

• Being owned by the government

• Having no control over global operations

• Focusing only on domestic markets

What is the purpose of market integration?

• To increase market competition

• To limit trade between countries

• To create trade barriers

• To expand market coverage and reduce market failure

What is the main division between the wealthy developed countries and the poorer developing countries?

• First and Third World

• East and West

• Rich and Poor

• North and South

What is the primary goal of regional integration in Asia?

• To isolate countries from each other

• To promote conflict and competition

• To slow down economic growth

• To achieve peace, stability, and wealth

Which organization was the first major regional player to emerge in Asia?

• ASEAN

• East Asian Summit

• ARF

• APEC

What is the main difference between regionalization and globalization?

• Regionalization promotes multiculturalism

• Globalization allows free movement of people

• Regionalization involves advanced technology

• Globalization leads to market monopolies

What is the primary factor that leads to a greater integration of the Asian region?

• Diverse cultures

• Lack of common goals

• Trade and geographical proximity

• Different security needs