Contempo 2

. What is political globalization?

•    a) Expansion of state sovereignty 

• b) Absence of absolute sovereignty and increased international interaction 

•    c) Reduction in external intervention 

Which of the following is NOT an advantage of political globalization?

•    a) Ease of trade 

•    b) Loss of national power 

•    c) Establishment of international norms 

Which organization is an example of political globalization?

• European Union

• African Union

• South American Treaty Organizatiom

What is one major disadvantage of political globalization?

•    a) Increase in national power 

•    b) Decrease in national sovereignty 

•    c) Increase in trade 

5. Which of the following is true about NATO?

  

• a) Established before World War 2

   

•   b) Primarily a trade agreement

•    c) An example of political globalization

. What does the global economy refer to?

 

•   a) Economic activities confined within a country

•    b) Worldwide economic activities between countries

•    c) A specific region's economy

Which is NOT a characteristic of the global economy?

 

•   a) Globalization

•    b) International trade

•    c) Strict national financial control

What is a key feature of international finance in a global economy?

 

•   a) Transfer of goods faster than money

•    b) Transfer of money at a faster rate than goods

•    c) Local currency stability

Who controls the global economy?

 

•   a) Small local businesses

•    b) Big banks and large corporations

   

•   c) Governmental institutions

What is a disadvantage of the global economy?

   

• a) Environmental costs

•     b) Lower prices for consumers

•     c) Increase in cultural diversity