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Quiz on Globalization and Economic Structures

Authored by Rosemarie Reyes

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Quiz on Globalization and Economic Structures
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the global economy denote?

The dominance of local markets

The decline of international trade

The interconnectedness of economic activities worldwide

The isolation of national economies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of the global economy?

International finance

Globalization

International trade

Local production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is protectionism?

A form of free trade

A method of global investment

A policy encouraging foreign trade

A policy of government intervention in foreign trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which actor is NOT involved in economic globalization?

Labor

Local farmers

Transnational corporations

Consumers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does modernization theory suggest?

Colonialism is the main cause of poverty

Technological advancements are irrelevant

Economic growth is hindered by cultural beliefs

Wealthy countries exploit poor nations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which theory blames colonialism for the poverty of nations?

Neocolonialism theory

World Systems theory

Dependency theory

Modernization theory

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 'take off stage' in Rostow's model?

A stage of traditional societies

A stage of industrial development

A stage of high mass consumption

A stage where new markets are formed

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