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WorksheetsREVIEW (The Contemporary World)
Total questions: 50
Worksheet time: 17mins
It refers to the amount of political co-operation that exists between different countries.
Social globalization
Political globalization
Economic globalization
Citizen globalization
It refers to the interconnectedness of economies through trade and the exchange of resources.
Social globalization
Political globalization
Economic globalization
Citizen globalization
It refers to the sharing of ideas and information between and through different countries.
Social globalization
Political globalization
Economic globalization
Citizen globalization
The worldwide movement toward economic, financial, trade, and communications integration.
Civilization
Globalization
Modernization
Market integration
What is the purpose of globalization?
To lessen competition
To affect us in a negative way
To provide wide range of markets to large corporations
To educate the youth
It is the exchange of goods and services integrated into a huge single global market.
Global trade
Global system
Global governance
Global economy
Which is one of the best reasons why countries trade with each other?
They trade when they want to alleviate competition.
They trade when they do not have the resources on their own.
They trade when they want to alleviate competition.
All of the above
Which is not a component of globalization?
Economic globalization
Citizen globalization
Cultural globalization
Political globalization
This are foreign goods and services bought by citizens, businesses, and the government of another country or simply to purchase products from other countries is called _________.
Export
Import
Exchange rate
Free trade
This are the goods and services produced in one country and purchased by residents of another country or simple to sell products to other countries is called _________.
Export
Import
Exchange rate
Free trade
Trading with limited or no restrictions is called ______________.
Free trade
Export
Import
Quota
The value of one nation’s currency compared to another is called _____________.
Free trade
Import
Exchange rate
Quota
A new car is assembled at a factory in the United States using parts imported from Korea, Japan, and Germany. This is an example of?
Globalization
Global economy
Transaction
Transnational company
Which of following is not a component of globalization?
Economic globalization
Citizen globalization
Cultural globalization
Political Globalization
A country that has a strong economy and have advanced technological infrastructure also called an industrialized country.
Developed country
Developing country
Command economy
Mixed economy
The prices of goods and services is tied closely to _____________.
International trade
Developing countries
Developed countries
Supply and demand
If the demand is low, the value is _______________.
Low
High
Neutral
Zero
What do you need to find out in order to compare one currency to another?
Bank account
Exchange rate
Embargo
Bonds
Exchange of goods or services between two countries is _____________.
Trade
International trade
Exchange rates
Embargo
As part of the economic cycle, business provide _________________to household.
Work force and taxes
Taxes and labor force
Taxes and government programs
Income and goods and services
A system for the liberalization of trade that grew out of Bretton Woods and came into existence in 1947
(Hudec 1975).
The World Bank
World Trade Organization
International Monetary Fund
General Agreement on Tariffs and Trade
A multilateral organization headquartered in Geneva, Switzerland with 152 member nations as of 2008.
The World Bank
World Trade Organization
International Monetary Fund
General Agreement on Tariffs and Trade
It deals with exchange rates, balances of payments, international capital flows, and the monitoring of member states and their macroeconomic policies.
The World Bank
World Trade Organization
International Monetary Fund
General Agreement on Tariffs and Trade
This organization came into effect on came into effect on January 1, 1994.
European Union
Free Trade Area of the Americans
North American Free Trade Agreement
Organization for Economic Cooperation and Development
It is the most encompassing club of the world’s rich countries.
European Union
Free Trade Area of the Americans
North American Free Trade Agreement
Organization for Economic Cooperation and Development
This organization is a product of the post-WWII era, as well as the Bretton Woods era, and how encompasses 27 members’ states.
European Union
Free Trade Area of the Americans
North American Free Trade Agreement
Organization for Economic Cooperation and Development
It occurs when prices among different locations or related goods follow similar patterns over a long period of time.
The Global Interstate System
Market Integration
Market Operation
Market
This is where buyers and sellers come together to obtain information and exchange commodities.
Global Interstate System
Market Integration
Market Operation
Market
It is the most important element of the World Bank Group.
World Bank
Multinational Corporation
International Monetary Fund
International Bank for Reconstruction and Development
It is the other major player in economic globalization.
World Bank
Multinational Corporation
International Monetary Fund
International Bank for Reconstruction and Development
A nation is a community of people living together bounded by the following except one. Which one is it?
Culture
History
Values
None of the above
A state is a community of people occupying a definite portion of territory independent of external control and possessing an organized government to which a great body of inhabitants render habitual obedience. Based on the given definition. Which is not an element of a state?
People
Territory
Government
None of the above
The statements below speak truth about interstate system except one. Which one is it?
A system of competing and allying state
A system applied in a particular state
A system also known as international system
A system that focuses on the international relations
A statement below shows the strength of interstate system. Which one is it?
Imposed long-term costs on the country
Cut down on competition between shippers and passenger carriers
Rising consumption of gasoline led to air pollution and a dependence on oil that affected consumers and foreign policy for generations to come
Make travel less cheaper, faster and better
The following are the different international financial institutions working alongside United Nations except one. Which one is it?
American Development Bank
Asian Development Bank
Word Bank
International Monetary Fund
This is a level of market integration that shares a common government among its participating members.
Free Trade Agreement
Custom Union
Common Market
Political Integration
This is a level of integration which imposes a common external tariff.
Free Trade Agreement
Custom Union
Common Market
Political Integration
This is a level of integration which has free movement of capital and services.
Political Integration
Economic Integration
Custom Union
Common Market
Unilateral type of trade agreement takes place when __________.
When a country imposes trade restrictions and no other country reciprocates.
When both countries agree to loosen trade restrictions to expand business opportunities between them.
When three or more countries negotiate.
When negotiations among countries become more difficult and complex because of the number of participants involved.
Bilateral type of trade agreement happens when __________.
A. When a country imposes trade restrictions and no other country reciprocates.
When Both countries agree to loosen trade restrictions to expand business opportunities between them.
When three or more countries negotiate.
When negotiations among countries become more difficult and complex because of the number of participants involved.
In the global governance, the following are taken to the global scale except one. Which one is it?
Laws
Regulations
History
Standards
The following are examples of international law subjects except one. Which one is it?
War
Migration
Human Rights
None of the above
This is one of the main organs of the United Nations which has primary responsibility, under the UN Charter, for the maintenance of international peace and security. It has 15 Members (5 permanent
and 10 non-permanent members).
General Assembly
Security Council
Economic and Social Council
Secretariat
This is an organ of the United Nations which carries out the day-to-day work of the UN as mandated by the General Assembly and the Organization's other principal organs.
Security Council
Economic and Social Council
Secretariat
International Court of Justice
This is another organ of the United Nations which is the principal body for coordination, policy review, policy dialogue and recommendations on economic, social and environmental issues, as well as implementation of internationally agreed development goals.
General Assembly
Economic and Social Council
Secretariat
International Court of Justice
This is also one of the main organs which is the main deliberative, policymaking and representative organ of the UN. It is represented by 193 Member States of the UN, making it the only UN body with universal representation.
General Assembly
Economic and Social Council
Secretariat
International Court of Justice
This is another organ which is the principal judicial organ of the United Nations.
General Assembly
Economic and Social Council
Secretariat
International Court of Justice
International Law can be defined as __________.
The body of law and rules existing within a country’s territory.
The normative guidelines, methods and mechanisms to sovereign states and international organizations.
Any international law which must be consciously/mindfully transformed through legislation before the said international law could be implemented locally.
An automatic reception of the international law into domestic law without the formal needs for official legislation to sanction it and give effect to it.
Doctrine of Transformation is defined as __________.
The body of law and rules existing within a country’s territory.
The normative guidelines, methods and mechanisms to sovereign states and international organizations.
Any international law which must be consciously/mindfully transformed through legislation before the said international law could be implemented locally.
An automatic reception of the international law into domestic law without the formal needs for official legislation to sanction it and give effect to it.
Doctrine of Incorporation refers to __________.
The body of law and rules existing within a country’s territory.
The normative guidelines, methods and mechanisms to sovereign states and international organizations.
Any international law which must be consciously/mindfully transformed through legislation before the said international law could be implemented locally.
An automatic reception of the international law into domestic law without the formal needs for official legislation to sanction it and give effect to it.
