Globalization and Culture Quiz

One of the primary reasons for the relocation of advanced economies to LDCs:

• High population growth rate

• Cost efficiency

• Good location

At its most basic, cultural convergence is a trend of nations in greater contact to become _____.

• More different

• More alike

• Antagonistic

• Indifferent

From the late twentieth century onwards, consumer goods are more focused on

• both demands for diversity and conformity

• the individual demands for diversity

• conformity

• none of above

What is the most important distinction among peoples in the post- Cold War world?

• ideological

• economic

• cultural

• Political

Which is the benefit of the decline in trade barriers and deregulation in markets?

• Products with higher costs

• International boundaries have become more relevant.

• Move goods, services, labors and finance easily.

• Increase living standards.

The country that has the most companies in The Fortune Global 500 nowadays is:

• The United States

• The United Kingdom

• China

• France

What are some benefits associated with employment, even in situations with low wages and poor working conditions, according to the passage?

• Improved working conditions and higher wages

• Economic advantages and increased spending power

• Enhanced career opportunities and job security

• Access to unemployment benefits and social welfare programs

With advances in technology, improved communications have included:

• The rapid interchange of information and ideas

• Electronic financial transactions

• Speedier decision making

• All of the above

Which is NOT a driving force behind globalization?

• Greater distributed risk

• The spread of English

• Advances in automation and robotics

• IT developments

Which organization works closely with the World Bank in addressing global poverty and facilitating the international flow of currencies?

• World Bank

• International Monetary Fund (IMF)

• World Trade Organization (WTO)

• General Agreement on Tariffs and Trade (GATT)