Multiple Choice Quiz - Globalization

What term refers to the integration of economies worldwide through the movement of goods, services, capital, and technology?

• Market Integration

• Economic Globalization

• Privatization

• Deregulation

A company that operates in multiple countries but keeps a centralized management system is a:

• Global Corporation

• Transnational Corporation

• International Corporation

• Multinational Corporation

What do you call a borderless company that has decentralized decision-making in its foreign markets?

• International Corporation

• Transnational Corporation

• Multinational Corporation

• Local Enterprise

A company that imports and exports but has no investment or operations outside its home country is a:

• Multinational Corporation

• Transnational Corporation

• International Corporation

• Global Corporation

The process of removing trade barriers and coordinating policies among nations is called:

• Regional Integration

• Deregulation

• Global Economic Integration

• Free Trade Agreement

Which organization was created in 1945 to stabilize currencies and promote global financial stability?

• World Trade Organization

• International Monetary Fund

• World Bank

• GATT

The practice of reducing or eliminating tariffs and quotas to encourage global trade is called:

• Protectionism

• Trade Liberalization

• Currency Regulation

• Free Market Collapse

The economic theory that promotes minimal government intervention and free markets is known as:

• Neo-liberalism

• Protectionism

• Autarky

• Feudalism

What is the international organization that replaced GATT and oversees global trade rules?

• World Bank

• World Trade Organization

• IMF

• ASEAN

What term refers to capital investment by a foreign company into a business in another country?

• Tax Reform

• Monetary Policy

• Foreign Direct Investment

• Tariff Reduction