Heimler 9.4

What is the main aim of the video?

• Discuss the rise of communism

• Explain the continuities and changes in the global economy from 1900 to the present

• Explore the history of ancient civilizations

• Analyze the impact of World War II

Which of the following is NOT one of the three main movements considered in the video?

• Proliferation of free market economics

• Decline of industrialization

• Rise of transnational free trade organizations

• Rise of knowledge economies

Who introduced limited free market economics under perestroika reforms?

• Ronald Reagan

• Margaret Thatcher

• Mikhail Gorbachev

• Deng Xiaoping

Which country was led by Augusto Pinochet towards a free market economy?

• China

• Chile

• Finland

• Japan

What significant event in China was a result of the yearning for basic freedoms?

• Boxer Rebellion

• Tiananmen Square protest

• Cultural Revolution

• Great Leap Forward

Which country invested heavily in communication technology and education in the 1990s?

• Japan

• United States

• Great Britain

• Finland

What is a knowledge economy dependent on?

• Agriculture

• Manufacturing

• Quality and quantity of information

• Natural resources

Where are much of the developed world's clothing now made?

• United States and Canada

• Bangladesh and Vietnam

• China and Japan

• Mexico and Brazil

What is the North American Free Trade Agreement (NAFTA)?

• A deal between the US, Canada, and Mexico to eliminate tariffs

• An agreement between European nations

• A trade deal between Asian countries

• A global trade agreement

What is the World Trade Organization (WTO) primarily aimed at?

• Reducing barriers to trade

• Promoting communism

• Subsidizing manufacturing

• Increasing tariffs