Globalization Quiz

What are the key components of globalization's structure?

• Economic independence, political isolation, social integration, cultural exchange

• Economic independence, political integration, social isolation, cultural exchange

• Economic interdependence, political integration, social interaction, cultural exchange

• Economic interdependence, political isolation, social segregation, cultural isolation

What characterizes the global economy?

• Low degree of interdependence between countries

• High degree of interdependence between countries

• High degree of independence between countries

• Low degree of independence between countries

What are global value chains?

• Chains that connect countries through cultural exchanges

• Chains that connect countries through economic relationships

• Chains that connect countries through social interactions

• Chains that connect countries through political alliances

Which countries are considered emerging markets?

• Japan, South Korea, Australia

• China, India, Brazil

• USA, UK, Germany

• Russia, Canada, Mexico

What has revolutionized global trade and finance?

• Cultural exchanges

• Technological advancements

• Political agreements

• Economic sanctions

What has facilitated the flow of goods and services across borders?

• Tariffs and quotas

• Trade barriers

• Financial integration

• Trade liberalization

What has enabled capital to flow more easily across borders?

• Financial integration

• Trade liberalization

• Tariffs and quotas

• Trade barriers

What is the concept of global governance?

• Governing a single country

• Governing multiple countries

• Governing international organizations

• Governing the global economy

What is a key principle of contemporary global governance?

• Unilateralism

• Bilateralism

• Multilateralism

• Isolationism

What are global public goods?

• Goods that are privately owned

• Goods that require collective action

• Goods produced by a single country

• Goods produced by multiple countries