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WorksheetsGlobalization Quiz
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
How is a tariff best described?
a)
A tax on imports
b)
A violation of human rights
c)
Comparative Advantage
d)
Contributing to a favorable balance of trade
2.
What is the principle of comparative advantage best described as governing?
a)
Developed countries
b)
Multinational conglomerates
c)
The WTO
d)
International trade
3.
A nation may put a limit on the amount of foreign goods imported by placing a _____ on these goods.
a)
Export
b)
Quota
c)
Deficit
d)
Trade Surplus
4.
The ability of a country to produce a product at a lower cost than another country is called...
a)
Free trade
b)
Comparative Advantage
c)
Balance of trade
d)
Import quota
5.
NAFTA was made among...
a)
The U.S., Canada, and Mexico
b)
European Countries
c)
Developing Countries
d)
The U.S., Russia, and China
6.
Why do some countries have trade barriers?
a)
To encourage trade
b)
To do away with quotas
c)
To become communist
d)
To protect their economies
7.
The policy of _____ involves a nation guarding its own industries against outside competition.
a)
Internationalism
b)
Protectionism
c)
Globalization
d)
Sanctions
8.
An important force that is driving globalization are multinationals, which are...
a)
UN peacekeeping forces
b)
Large firms that do business in many countries
c)
Organizations that promote conservation
d)
Made up of business leaders from developing countries
9.
Which organization provides loans to developing countries for capital projects?
a)
The IMF
b)
The WTO
c)
The GATT
d)
The World Bank
10.
What is globalization?
a)
Banana
b)
Orange
c)
Apple
d)
The increased integration of people from all around the world
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