Quiz on Globalization

What is the primary focus of economic globalization?

• Political alliances

• Environmental policies

• International trade

• Cultural exchange

Which institution oversees the international monetary system?

• World Trade Organization

• International Monetary Fund

• Asian Development Bank

• World Bank

What is a significant aspect of cultural globalization?

• Financial regulations

• Technological advancements

• Migration

• Military alliances

Which of the following is an example of political globalization?

• Coca-Cola

• NAFTA

• McDonald's

• World Bank

What does the term 'global risk consciousness' refer to?

• Economic disparities

• Cultural homogenization

• Shared global problems

• Awareness of local issues

What is one advantage of political globalization?

• Ease of movement

• Loss of national sovereignty

• Decreased trade opportunities

• Increased bureaucracy

What does the global economy encompass?

• National trade policies

• Cultural exchanges

• Interconnected worldwide economic activities

• Local businesses

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

• Globalization

• International trade

• Local investment

• International finance

What is market integration?

• The merging of cultural practices

• The establishment of international treaties

• The alignment of prices among different markets

• The increase of local businesses

What is a disadvantage of political globalization?

• Increased political accountability

• Loss of power at the nation-state level

• Ease of trade

• Establishment of international norms