Economic Globalization

Economic Globalization

10th Grade

15 Qs

quiz-placeholder

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Economic Globalization

Economic Globalization

Assessment

Quiz

Social Studies

10th Grade

Easy

Created by

John Robinson

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What role do multinational corporations play in neo-colonialism?

They promote fair trade practices

They often exploit resources and labor in developing countries

They help reduce economic dependency

They focus solely on domestic markets

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is economic interdependence?

The self-sufficiency of a country in all economic aspects

The reliance of countries on each other for goods, services, and capital

The complete economic isolation of a country

The dominance of one country over another in trade

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The exchange of goods and services by sale or barter driven by the need for resources.

Fair Trade

Globalization

Trade

Standard of Living

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

tariff

quota

subsidy

embargo

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary goal of trade liberalization?

To increase tariffs on imports

To reduce trade barriers and promote free trade

To provide subsidies to local industries

To restrict the flow of goods between countries

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which organization is responsible for overseeing international trade rules and resolving disputes between countries?

International Monetary Fund (IMF)

World Bank

World Trade Organization (WTO)

United Nations (UN)

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do subsidies affect international trade?

They increase the cost of imported goods

They make domestic goods more competitive by lowering their prices

They promote trade liberalization

They are used to impose trade barriers

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