NGEC 3 L1-3 QUIZ

What is a key factor driving economic globalization?

• The increasing integration and interdependence of national economies through the cross-border flow of goods, services, capital, and technology.
• The increase in protectionist measures like tariffs and quotas.
• The decline of foreign direct investments (FDIs) due to political instability.
• The reliance of countries on remittances from overseas workers.

Why is the Philippines' economy heavily influenced by the rivalry between the United States and China?

• Because they are the Philippines' two largest sources of foreign direct investment.
• Because the Philippines is an ally of China and an adversary of the United States.
• Because they are the Philippines' two largest trading partners.
• Because both countries have imposed a 20% tariff on Philippine exports.

What was the outcome of Marcos Jr.’s visit to Washington to negotiate a tariff reduction?

• A complete removal of all tariffs on Philippine exports.
• A 1% concession on tariffs was considered minimal.
• A new Free Trade Agreement (FTA) between the two countries.
• The U.S. imposed a new 20% tariff on American exports to the Philippines.

According to the lesson, what is the primary purpose of China's Belt and Road Initiative (BRI)?

• To increase foreign direct investment from the U.S. and its allies.
• To reduce China's reliance on the United States and expand its economic and political influence.
• To improve maritime security in the West Philippine Sea.
• To create a new Free Trade Agreement with countries in the Global South.

Which of the following events did NOT occur while the Philippines was closely aligned with the United States?

• No islands were lost during Rodrigo Duterte's presidency.
• The loss of Mischief Reef.
• The loss of Scarborough Shoal.
• Growing fears over the possible loss of Second Thomas Shoal.

What is the term used in the text to describe the Philippines' continued trade with neighboring countries like China, despite high tariffs and geographic distance?

• Friendshoring
• Offshoring
• Nearshoring
• Globalization

What is one of the main concerns of conservative sectors regarding U.S.-imposed tariffs on Philippine goods?

• That the U.S. will cease all trade with the Philippines.
• That the tariffs will damage the Philippines' local manufacturers.
• That the Philippines will not adopt any protectionist measures in response.
• That the tariffs will only affect the Business Process Outsourcing (BPO) sector.

Which of the following is NOT a contributing factor to the Philippines' low FDI inflows?

• High levels of remittances from Overseas Filipino Workers (OFWs)
• Political stability
• Infrastructure development
• National security concerns

How does the Philippines' foreign policy alignment with the United States potentially affect its relations with China, based on the text?

• It could lead to a reduction in trade flows and investment from China.
• It strengthens diplomatic ties and increases trade flows with China.
• It has no effect on relations with China, as economic and diplomatic ties are separate.
• It results in China providing substantial support to the Philippines' national security.

Which of the following ASEAN countries has the highest import volume from the United States?

• The Philippines
• Vietnam
• Thailand
• Indonesia