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UNIT 14: GLOBAL ECONOMY

Total questions: 13

Worksheet time: 4mins

Name
Class
Date
1.

GLOBALIZATION:

a)

The process by which businesses or other organizations develop international influence or start operating on an international scale.

b)

The wealth and resources of a country or region

c)

None of them

2.

ECONOMIC OUTPUT:

a)

Great results in economy areas.

b)

Outcomes of money

c)

None of them

3.

DEVELOPING COUNTRIES:

a)

None of them

b)

The action of buying and selling goods and services.

c)

A poor agricultural country that is seeking to become more advanced economically and socially.

4.

INDUSTRIALIZED COUNTRIES:

a)

Lacking large-scale manufacturing technology and other industry.

b)

A sovereign state that has a high quality of life, developed economy and advanced technological infrastructure relative to other less industrialized nations.

c)

None of them

5.

DEBTS:

a)

The state of owing money.

b)

Money received, especially on a regular basis, for work or through investments.

c)

Both are correct

6.

GROSS DOMESTIC PRODUCTS:

a)

Very obvious and unacceptable

b)

The total value of goods produced and services provided in a country during one year.

c)

None of them

7.

MARKET:

a)

The free market; the operation of supply and demand.

b)

An area or arena in which commercial dealings are conducted.

c)

Both are correct

8.

INTERDEPENDENCE:

a)

The state of relying on or being controlled by someone or something else.

b)

Both are correct

c)

The time when a country or region gains political freedom from outside control

9.

Downturn:

a)

Both are correct

b)

A decline in economic, business, or other activity.

c)

An improvement or upward trend, especially in economic conditions

10.

WALL STREET TRENDS:

a)

It is a worldwide symbol of high finance and investment

b)

A continuous vertical brick or stone structure that encloses or divides an area of land.

c)

Both are correct

11.

LECTURE:

a)

Talk to an audience, especially to students in a university or college.

b)

None of them

c)

The action or skill of reading written or printed matter silently or aloud.

12.

OUTWEIGHS:

a)

Be greater or more significant than

b)

both are correct

c)

Typically using scales

13.

DOWNSIDE:

a)

None of them

b)

The negative aspect of something otherwise regarded as good or desirable.

c)

the positive or favorable aspect of something