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A foreign car manufacturing industry can add to the economic development of a struggling country, bringing much-needed jobs. This is an example of:

• Economic globalization

• Political globalization

• Cultural globalization

• Technological globalization

The Philippines is a:

• Developed country

• Developing country

• Least developed country

• Underdeveloped country

Which global school contends that the world economy is naturally global and centered in Europe, Eastern Asia, and North America?

• Globalists

• Skeptics

• Transformationalists

• Modernists

The evolution and development of international and regional trading blocs account for growing global interdependence. This is an indication of globalization as a:

• Political process

• Economic process

• Cultural process

• Technological process

The following international organizations are products of the Bretton Woods System, EXCEPT:

• International Monetary Fund

• World Trade Organization

• World Bank

• United Nations

A tax levied by a government on imports or occasional exports for purposes of protection, supporting the balance of payments, or raising revenue is called a:

• Tariff

• Export quota

• Subsidy

• Trade license

The United Nations Charter is concerned mainly with what issue?

• Economic issues

• International cooperation

• Sustainable development

• Human rights

International trade lifts national economies with its functions. This is called:

• Trade liberalization

• Protectionism

• Privatization

• Liberalization

The practice of shielding a country's domestic industry from foreign competition by taxing imports is called:

• Trade liberalization

• Protectionism

• Privatization

• Nationalization

The Association of Southeast Asian Nations (ASEAN) is an example of:

• Open regionalism

• Closed regionalism

• Interstate regionalism

• Strategic regionalism