
Global Economy | Unit 4
Authored by Justin Rathjen
Social Studies
11th Grade
Used 2+ times

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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of globalization?
The process of making a country more isolated
The way in which individual nations are more connected and interdependent
The increase in national boundaries
The decline of international trade
Answer explanation
Globalization refers to the way in which individual nations become more connected and interdependent, facilitating trade, culture, and communication across borders, unlike isolation or increased national boundaries.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has generally happened to globalization over recent years?
It has decreased
It has remained the same
It has increased
It has become irrelevant
Answer explanation
Globalization has generally increased in recent years due to advancements in technology, trade agreements, and international cooperation, leading to greater interconnectedness among countries.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a potential topic to discuss regarding globalization?
The history of ancient civilizations
Pros vs. Cons of Globalization
The development of local markets
The invention of the internet
Answer explanation
The topic 'Pros vs. Cons of Globalization' directly addresses the impacts and implications of globalization, making it a relevant discussion point. The other options do not specifically relate to globalization.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons nations trade with each other?
Equal distribution of resources
Unequal distribution of Factors of Production
Similar government policies
Equal demand for products
Answer explanation
Nations trade primarily due to the unequal distribution of factors of production, such as land, labor, and capital. This disparity encourages countries to exchange goods and services to meet their needs and maximize efficiency.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a reason for international trade?
Differences in climate
Differences in technology
Similar cultural practices
Equal population sizes
Answer explanation
Differences in technology drive international trade as countries specialize in producing goods where they have a technological advantage, leading to more efficient production and innovation. This is a key reason for trade.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor can influence a nation's decision to trade?
Differences in demand
Equal technological advancement
Similar production costs
Equal government policies
Answer explanation
Differences in demand drive trade as countries seek to import goods that are in high demand domestically but not produced locally. This creates opportunities for trade, unlike equal technological advancement or similar production costs.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a reason for trade mentioned in our notes?
Government policies
Production advantages
Cultural similarities
Differences in technology
Answer explanation
Cultural similarities are not typically a reason for trade, as trade usually arises from differences in production, technology, and government policies that create comparative advantages.
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