Quiz on Globalization and the Contemporary World

What does globalization refer to?

• The decline of cultural exchange

• The growing interdependence of the world's economies

• The increase in tariffs

• The isolation of economies

What is meant by contemporary world?

• The circumstances and ideas of the present age

• A world focused on historical events

• A world without conflicts

• A world dominated by ancient cultures

What does political globalization refer to?

• The technological advancements in politics

• The cultural exchange among nations

• The amount of political cooperation between different countries

• The economic cooperation between countries

What is economic globalization?

• The focus on local markets

• The decline of international trade

• The interconnectedness of economies through trade

• The isolation of national economies

What is the core of most trade agreements?

• Increase in tariffs

• Removal or reduction of tariffs

• Strict regulations on imports

• Complete trade bans

Which country had the fastest-growing African economies in 2018?

• Ethiopia

• Nigeria

• South Africa

• Kenya

What does the global economy refer to?

• The isolation of economies

• The free movement of goods and services globally

• The local economy of a country

• The decline of international trade

What is a supranational corporation?

• A government-owned corporation

• A non-profit organization

• A corporation that operates only in one country

• A key player in globalization consisting of multinationals

What does outsourcing refer to?

• Hiring local workers only

• The need for foreign workers in specific sectors

• The reduction of jobs in a country

• The increase in domestic production

What is a transnational corporation?

• A local business

• A government agency

• A company that operates in two or more countries

• A company that operates in one country