Post-World War II Globalization and Trade Quiz

What does globalization primarily involve?

• Increased integration of different societies

• Decrease in international communication

• Reduction of global trade

• Isolation of national economies

What does interdependence among nations imply?

• Nations operate independently

• Nations depending on each other for goods, services, and influence

• Only developed nations benefit from each other

• Countries do not engage in international trade

Which of the following is a consequence of globalization on American life?

• Outsourcing of jobs and decline of some American cities and industries

• Complete self-sufficiency of American industries

• Decrease in availability of foreign-made goods

• Reduction in international corporations

What economic shift occurred in the U.S. due to globalization?

• Shift from manufacturing to a high-tech and service economy

• Shift from agriculture to manufacturing

• Shift from high-tech to traditional crafts

• Shift from service to a solely high-tech industry

What improvement is associated with globalization?

• Decline in all forms of communication

• Increase in manual labor jobs

• Improvement of all communications, including travel, telecommunications, and Internet

• Decrease in international trade