Globalization and Cultural Diversity Quiz

BRICS stands for: Brazil, Russia, India, China, South Africa

________ refers to the replacement of one culture's traditions, folk heroes, and artifacts with equivalents from another.

• Cultural imperialism

• Social stratification

• Cultural encoding

• Social conditioning

A caste system is a system of social stratification in which ________.

• a person's social status is decided by his acquired wealth

• a person's position in society depends upon his educational qualifications and achievements

• people are born into a social ranking, with no opportunity for social mobility

• people join highly exclusive associations that encourage external interaction

A class system is a system of social stratification in which ________.

• people are divided into various political groups and subgroups.

• a person's social rank depends upon his/her parentage.

• people join highly exclusive associations that forbid external interaction.

• personal ability and actions determine an individual's social status and mobility.

The ______ of a country is its gross national product divided by its population.

The relative ability of two countries' currencies to buy the same basket of goods in those two countries is called ______.

Nations having the poorest infrastructures and lowest personal incomes are called ________.

• Developed countríe

• Newly industrialized countries

• Emerging markets

• Developing countries

A country that has recently increased the portion of its national production and exports derived from industrial operations is called a(n) ________.

The sale of goods and services to a country by a company that promises to buy a specific product from that country in the future is called a(n) ________.

Buyback is defined as ________.

• the export of industrial equipment in return for products produced by that equipment

• an agreement that a company will offset a hard-currency sale to a nation by making a hard-currency purchase of an unspecified product from that nation in the future

• the sale of goods or services to a country by a company that promises to make a future purchase of a specific product from that country

• the exchange of goods or services for a certain amount of money