Unit 3 Vocab

What is the definition of Globalization?

• The process of increasing the connection between the world's economies, people, and cultures.

• The process of isolating economies.

• The process of reducing cultural exchange.

• The process of decreasing technological advancement.

Globalization is the process of increasing the connection between the world's ______, people, and cultures.

• animals

• economies

• planets

• oceans

What is a common criticism of globalization?

• It promotes equality

• It benefits everyone equally

• It can lead to unfair advantages

• It reduces communication.

Globalization often involves the exchange of ________.

• only goods

• only services

• goods, services, and ideas

• only ideas.

Which continent is highlighted in the criticism of globalization in the image?

• Asia

• Europe

• Africa

• South America

Trade can bring people together by ______.

• creating barriers

• fostering communication

• increasing isolation

• reducing resources

Which of the following is a modern form of currency?

• Stones

• Coins

• Paintings

• Sculptures

Please sort the following according to whether or not they were currencies we read about.

Groups:

(a) WERE currency

,

(b) NOT currency

• Metal coins

• Cows

• Newspaper Subscriptions

• Wampum

• Electrum

• Copper

• Sticks of gum

• Bartering

• Gold

• Silver

• Tools

• Beads made of shell

• Pieces of paper

• Jiaozi

• Chickens

• Goats

Which of these statements about currency is true (more than 1 are true).

• Money made civilization weaker as a whole.

• ANYTHING can be money as long as everyone agrees.

• Using money is usually easier than bartering.

• Money is valueless if people stop believing in it.

• The US dollar was the very first currency ever invented.

Currency in modern civilizations is typically in the form of ______.

• stones

• coins and paper money

• digital codes

• sculptures