Understanding Globalization's Impact

What is one of the primary economic impacts of globalization?

• Increased local employment

• Enhanced global trade

• Decreased foreign investment

• Reduced competition

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DOK Level 1: Recall

Which of the following is a concept related to the economic impact of globalization?

• Tariffs

• Cultural exchange

• Political stability

• Environmental regulations

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DOK Level 2: Skill/Concept

Globalization often leads to the spread of which type of economic system?

• Feudalism

• Socialism

• Capitalism

• Mercantilism

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DOK Level 1: Recall

How does globalization typically affect political sovereignty?

• It strengthens national borders

• It diminishes political sovereignty

• It has no effect on political sovereignty

• It leads to the creation of new countries

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DOK Level 2: Skill/Concept

Which of the following is a political effect of globalization?

• Increased tariffs

• Enhanced cultural exchange

• Greater international cooperation

• Decreased foreign investment

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DOK Level 1: Recall

What is a common feature of global trade agreements?

• They impose high tariffs on member countries

• They aim to reduce trade barriers

• They restrict the movement of labor

• They focus on environmental protection

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DOK Level 2: Skill/Concept

Which global trade agreement is known for its role in reducing tariffs and other trade barriers?

• NAFTA

• NATO

• WHO

• UNESCO

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DOK Level 1: Recall

What is the primary goal of the World Trade Organization (WTO)?

• To promote global health

• To facilitate international trade

• To enforce international law

• To protect cultural heritage

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DOK Level 2: Skill/Concept

Which of the following is an example of a global trade agreement?

• The Kyoto Protocol

• The Paris Agreement

• The Trans-Pacific Partnership (TPP)

• The Geneva Convention

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DOK Level 1: Recall

How do global trade agreements typically affect member countries' economies?

• They isolate member countries from global markets

• They promote economic growth through increased trade

• They lead to economic decline

• They have no significant impact

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DOK Level 2: Skill/Concept