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WorksheetsGlobalization 101
Total questions: 12
Worksheet time: 7mins
This is a tax on imports that is used to increase the price of foreign products and raise government revenue.
tariff
quota
subsidy
embargo
________ makes long term loans to pay for specific projects related to development or poverty reduction.
World Trade Organization
World Bank
IMF
Federal Reserve
Moving work outside your company or your country is called...
outsourcing
globalization
downsizing
free trade
A period of temporary economic decline during which trade and industrial activity are reduced.
World Bank
Recession
Embargo
Pandemic
Intergovernmental organization of 14 oil-exporting nations that coordinates and unifies the petroleum policies of its member countries
POCE
ECOP
PECO
OPEC
A business with facilities in more than one country
IMF
World bank
multinational corporation
international corporation
An official ban on trade or other commercial activity with a particular country.
stop
embargo
barr
tariff
The rise and expansion of multinational companies is an example of ___________________ globalization.
financial
political
industrial
cultural
ALL of the following are examples of regional trading blocs EXCEPT...
NAFTA/ USMCA
EU
ASEAN
MTA
A growing economic interdependence of countries worldwide through the increasing volume and variety of cross- border transactions in goods and services is called...
harmonization.
collectivization.
globalization.
economic fragmentation.
The General Agreement on Tariffs and Trade was created in..
(a)
