Contemporary World RV

What term is often used for a highly industrialized nation?

• underdeveloped country
• third world country
• emerging nation
• developed country

What term is used for a nation which has little industry and a traditional economy

• developing country
• technological state
• modern country
• industrialized nation

What are some examples of new technologies in the contemporary world?

• drones
• nanotechnology
• quantum computing
• artificial intelligence, blockchain, virtual reality, Internet of Things (IoT), 5G technology

List three environmental challenges in the world today.

• Overpopulation
• Acid rain
• Resource depletion
• Climate change, Deforestation, Pollution

Define famine

• Famine is a disease caused by bacteria
• Famine is a moderate scarcity of food in a particular region
• Famine is an abundance of food in a particular region
• Famine is an extreme scarcity of food in a particular region or country, resulting in widespread hunger and death.

What does a free market economy produce for its consumers?

• Goods and services based on government control
• Goods and services based on personal preferences
• Goods and services based on random selection
• Goods and services based on consumer demand and competition among producers

List two countries in Asia where political freedom has produced a rising standard of living and strong middle
class

• South Korea, Taiwan
• China
• Singapore
• Japan

What do countries of the world today need from each other?

• Cooperation, collaboration, mutual respect, and support
• Misunderstanding, miscommunication, distrust, and betrayal
• Indifference, negligence, disrespect, and sabotage
• Competition, conflict, isolation, and hostility

What is regional integration?

• Regional integration is the process of isolating countries from each other to promote economic growth
• Regional integration is the process of increasing barriers to trade and investment between neighboring countries
• Regional integration is the process by which neighboring countries enter into an agreement to promote economic growth and cooperation by reducing barriers to trade and investment.
• Regional integration is the process of promoting competition and conflict among neighboring countries

What is a “trade agreement”?

• A 'trade agreement' is a pact between two or more nations to facilitate trade by reducing or eliminating tariffs, quotas, and other trade barriers.
• A 'trade agreement' is a type of currency used in international trade
• A 'trade agreement' is a document that outlines the terms of a business partnership
• A 'trade agreement' is a legal contract between a buyer and a seller