Global Shoe Geoterms Quiz

What is globalization?

• the development of a global, or worldwide, society in which people, money, information, and goods flow fairly freely across national borders

• the development of a global, or worldwide, society in which people, money, information, and goods DO NOT flow fairly freely across national borders

• the development of a national society in which people, money, information, and goods flow fairly freely across national borders

Which of the following is a key feature of globalization?

• Isolation of countries from each other

• Strict restrictions on international trade

• Increased movement of goods, services, and people across borders

How has globalization impacted communication?

• It has slowed down the exchange of information

• It has made communication between countries faster and easier

• It has prevented people from communicating internationally

Which sector is most influenced by globalization?

• National parks

• Local agriculture only

• International trade

Where do multinational corporations usually have their headquarters?

• In one country, but they have assembly and production facilities in other countries.

• In multiple countries simultaneously.

• Only in the country where they were founded.

• In offshore locations to avoid taxes.

What does it mean when countries are economically interdependent?

• Each country's economy operates independently without any influence from other countries.

• Countries rely on each other for resources, goods, and services to support their economies.

• Only developing countries depend on developed countries for economic growth.

• Countries do not engage in international trade.

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

• Free Trade

• Trade

• Goods

• Supply and Demand

A large company that has operations in more than one country.

• Domestic Corporation

• Multinational Corporation

• Foreign Corporation

• State Corporation

The development of a worldwide economy where resources flow fairly freely across borders.

• Globalization

• Economy

• GDP

• Economic Independence

What is GATT?

• Gradual Amendment of Trade Territories

• Great American Trade and Technology

• General Agreement of Tariffs and Trades