Globalization Quiz

Which situation best illustrates economic globalization?

• A Filipino worker sending remittances from Dubai

• A student studying history in a local school

• A town celebrating its annual festival

• A local market selling only native products

Globalization has made it possible for companies to operate across borders. Which concept explains this?

• National sovereignty

• Global interdependence

• Economic isolation

• Political autonomy

Which of the following is an actor that facilitates economic globalization?

• Local government units

• Multinational corporations (MNCs)

• Barangay council

• Individual consumers only

What is the primary goal of multinational corporations in globalization?

• Expand profit and market reach

• Promote cultural awareness

• Regulate labor conditions

• Preserve traditional economies

The IMF and World Bank are examples of what type of actor in globalization?

• Cultural organizations

• Political coalitions

• Financial institutions

• Educational agencies

How does global economic integration affect developing countries?

• It completely isolates them from global trade.

• It offers both opportunities and challenges in growth.

• It removes all inequalities.

• It discourages foreign investment.

Which statement best represents the modern world-systems theory?

• Countries are classified into core, semi-periphery, and periphery nations.

• Nations work independently.

• Local producers control trade.

• Each country is a closed system.

When a company relocates production for cheaper labor, this illustrates:

• Protectionism

• Outsourcing

• Isolationism

• Localization

A negative consequence of globalization on local economies is:

• Strengthened local culture

• Loss of small local businesses

• Rise in domestic production

• More job security

The global flow of goods and technology is driven by:

• Political reforms

• Cultural uniformity

• Technological advances and trade liberalization

• Religious cooperation