TCW Quiz No. 2

What is one of the most significant drivers of globalization?

• Protectionism

• Technological Advancements

• Regionalism

• Isolationism

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

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

Which organization primarily deals with trade rules among countries in the global economy?

• WTO

• World Bank

• IMF

• United Nations

Which of the following is not a characteristic of globalization?

• Increased interpredence

• Rise of global communication networks

• Global cultural exchanges

• Decrease in international migration

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

What is a common critique of market integration?

• Results in unequal benefits

• Leads to inefficiences production and distribution

• Decreases innovation

• Eliminates regional disparities

The global interstate system can be best describe as:

• Network of global transportation routes

• System of alliances designed to prevent war

• Set of trade agreements between member states

• Political, legal, and military relations among sovereign states

Which of the following is a feature of a neoliberal global economy?

• Reduced barrier to international trade

• Increased government intervention in markets

• Nationalization of key industries

• Imposition of strict import quotas

Which global financial institution provide short-term financial assistance to countries facing balance of payment problems?

• World Bank

• International Monetary Fund

• World Trade Organization

• Organization for Economic Cooperation and Development