It is a decision of central bank in changing money supply to influence factors affecting the economy like interest rates with the goal of managing price stability and full employment.

1. This refers to business organizations and firms that compete in regional or global markets.

It is the ability of one person to affect the behaviour of another and to impose sanction if the behaviour is otherwise.

Individualism is a political system that values the significance of individuals over collective goals.

Individualism is a political system which stresses that the State, as the primary economic manager views collective action as the best strategy in establishing the welfare and interest of the nation.

From the realist point of view, it is the source of globalization.

In this approach, globalization is synonymous with Westernization and/or Americanization.

Global interconnectedness appears to be a product of voluntary act of people as evidenced by spread of democracy and institution, global economic ties, and international organizations.

It is an approach which advances that values and norms play pivotal roles in sustaining and reforming the process and works of individuals, groups and nations.

It was the period of mercantilism and the immediate rise of British economy during the age of industrialization.

This period was marked by the immense influences of technology and internet.

It is the status of being right and proper in the exercise of power.

It is the ability of one person to affect the behaviour of another without compulsion.

It is a social process of reshaping and remaking the social order.

It is a theory in International Trade which refers to the notion that individuals are the best economic agents to solve the problems through invisible hand rather than the government policies.

Power is different from influence because:

a. The former is possible even without compulsion.

b. The latter is possible only with compulsion.

In reality, it is still possible to have

a. Power without authority

b. Authority without power

Realism believes that:

a. There are two worlds – the world of ideas and the world of the senses

b. There is only one world

When one believes that ideas are the only true reality, s/he affirms the approach of:

a. Idealism

b. Realism

When people started to embrace liberalism, absolute power in government:

a. started to decline

b. becomes stronger than ever

China’s control in West Philippine Sea simply manifests:

a. Philippine’s liberalist approach

b. China’s realist approach

While idealist has a moral view of the world:

a. The realist has an amoral view of the world

b. The realist has no standard of right and wrong

In international relations, it is defined as a focus and concentration of a country’s location, environment, and geography as the basis of its national interest.

a. Political geography

b. Geopolitics

Multilateralists suggest that for United States to maintain its hegemony and global power:

a. It has to absolutely control economic aspects of allied States

b. It has to form alliances and coalitions in a multipolar configuration of power.

United Nations can act on the issues confronting humanity in the 21st century such as:

a. Peace and security

b. Climate change

Globalization has a characteristic of expansion and stretching because:

a. it describes how the process of world and individual connection works.

b. it identifies digital age as considerably fitting the form of its structure.

Knowledge and technology, as important technological trends in the last 20 years, are significant determinants of:

a. Wealth and power

b. Totalitarian control

One/Some of the factors in the transformation of political-economic structures and the development of global interconnectedness include:

a. Spread of democracy and institutions

b. Global economic ties

In the first phase of globalization:

a. League of Nations was established

b. Global icons and American consumerism was introduced

United States of America is an example of:

a. One nation, many states

b. One State, many nations

The concept of First World, Second World and Third World was a construct of the:

a. Cold War Era

b. First World War Era

Grab Taxi, a phone application of engaging riders and car drivers to engage in the business of transportation is, prior to the strict government regulation, an example of:

a. Mixed economy

b. Market economy

Feature/s of command economy include/s:

a. Abolition of private ownership

b. Absence of economic competition and innovation

One/some of the existing gaps and issues in global governance include/s:

a. Nation-state system

b. Jurisdiction gap

Characteristic of globalization.

Approach to globalization.

Gap and issue in global governance.

Perspective in International Trade.

Dimension of globalization.

One element of legitimacy.

Bonus Question: Which of the following is the correct spelling of the surname of your professor?

One element of legitimacy.

Dimension of globalization.

Dimension of globalization.

Perspective in International Trade.

Perspective in International Trade.

Gap and issue in global governance.

Gaps and issues in global governance.

Approach to globalization.

Approach to globalization.

Characteristic of globalization.

Characteristic of globalization.

It occurred during the second phase of globalization.

A NGO must be entirely dependent from the control of any government.

NGOs have participation in political issues like human rights and environmental pollutions. Therefore, they are considered as political parties.

The existence and operating costs of NGOs rely on the members' contribution and practice of sponsorship from the private sector and entities that have interests in their cause.

This role of the NGOs and CSOs monitors the behavior of institutions in the promotion of transparency and accountability.

The partnership of NGOs with the private sector could be described as a love-hate relationship.

The following is a type of totalitarianism, except:

This refers to domestic institutions and governments on how large-scale problems and public policy issues are being solved at a global level.