
TCW Quiz No. 2
Quiz
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Social Studies
•
University
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Practice Problem
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Medium
Mary Jane Omandac
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is one of the most significant drivers of globalization?
Protectionism
Technological Advancements
Regionalism
Isolationism
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following best describes the global economy?
Independent national economies with minimal international trade
An economic system isolated from political influences
A collection of national economies interconnected by trade, finance, and technology
Economies that operate entirely based on barter trade
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The term "market integration" refers to:
The unification of world markets under a single currency
The political integration of different states
The process by which different markets become more interdependent
The emergence of multinational corporations
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which organization primarily deals with trade rules among countries in the global economy?
WTO
World Bank
IMF
United Nations
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is not a characteristic of globalization?
Increased interpredence
Rise of global communication networks
Global cultural exchanges
Decrease in international migration
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following best describes "economic globalization"?
Growing global influence of socialist system
Expansion of capitalist market systems
Rise of local markets
Closing of national borders
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a common critique of market integration?
Results in unequal benefits
Leads to inefficiences production and distribution
Decreases innovation
Eliminates regional disparities
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