Globalization Quiz

What is the simplest meaning of globalization?

• The isolation of nations

• The growing interconnectedness of countries

• The restriction of trade and commerce

• The focus on national independence

Which of the following BEST describes globalization in economic terms?

• Limiting trade among countries

• Interdependence of nations fostered through free trade

• Cultural dominance by one nation

• Strengthening national borders

Which organization is MOST associated with political globalization?

• ASEAN

• United Nations (UN)

• Red Cross

• Greenpeace

Which aspect of globalization involves the exchange of ideas, values, and artistic expressions?

• Legal

• Social

• Cultural

• Political

Which of the following is a SOCIAL effect of globalization?

• Removal of tariffs

• Interaction among various populations

• Enforcement of international law

• Spread of free market systems

Which trade agreement was signed in 1993 that influenced American auto manufacturing shifts to Mexico?

• TPP

• AFTA

• NAFTA

• GATT

NAFTA was replaced in 2020 by which agreement?

• TPP

• USMCA

• ASEAN Free Trade Area

• CAFTA

Which historical period significantly boosted globalization through advances in transportation and communication?

• Middle Ages

• Industrial Revolution

• Cold War

• Post–World War II era

According to PIIE, globalization stalled after which global event?

• Cold War

• World War I

• The Industrial Revolution

• U.S. Civil War

Which of the following is an ADVANTAGE of globalization?

• Decline in standards of living

• Opportunities for developing countries to catch up

• Decrease in cultural exchange

• Concentration of wealth to few elites