Globalization Quiz

What does the term "globalization" refer to?

• The process of making the world smaller physically.

• Changes in society and economy from a local to a global level.

• The invention of the internet and telecommunications.

• The exchange of money between countries.

Which technology has significantly increased globalization?

• The invention of airplanes.

• The invention of the internet and telecommunications.

• The development of local markets.

• The creation of physical trade routes.

How has globalization impacted the global economy?

• It has made trade more difficult between countries.

• It has reduced the exchange of money between countries.

• It has strengthened economies by facilitating trade and lowering tariffs.

• It has eliminated the need for businesses to sell products globally.

What is one criticism of globalization mentioned in the text?

• It increases the number of local jobs.

• It makes the rich richer and the poor poorer.

• It eliminates competition between global brands.

• It reduces the use of technology in trade.

Why do some people believe globalization is unfair to poorer countries?

• It increases wages in poorer countries.

• It allows powerful corporations to outsource work to poorer countries for lower wages.

• It prevents companies from hiring employees from other countries.

• It eliminates the need for transportation services.

What is an import?

• Something we manufacture in Canada and send to another country.

• Something we buy from another country and bring into Canada.

• A product that is only grown in Canada.

• A service provided exclusively within Canada.

Why does Canada need to import certain fruits?

• Because they are too expensive to grow in Canada.

• Because they cannot be grown in Canada year-round due to the climate.

• Because Canada does not have the technology to grow them.

• Because they are not popular in Canada.

What is one of Canada’s strengths in exporting goods?

• Its access to rich oil fields, thick forests, and vast waterways.

• Its ability to grow all types of fruits year-round.

• Its reliance on imports from other countries.

• Its focus on importing more than exporting.

What percentage of Canada’s imports come from the USA and Mexico?

• 24%

• 13%

• 58%

• 76%

Which of the following is NOT one of Canada’s top 5 imports?

• Vehicles

• Medical equipment

• Gems and precious metals

• Mineral fuels and oil