2. occurs when prices among different locations and related goods follow similar patterns over a long period of time

(a)  

3. refers to the interconnected worldwide economic activities that take place between multiple countries

(a)  

4. one of types of economies which government policies restrict international trade to help domestic industries

(a)  

5. the removal or reduction of instructions or barriers on the free exchange of goods between nations

(a)  

6. (a)   is a government imposed restraint on the flow of international goods or services.

7. (a)   are agreements which are  made up of a  group of countries which join together to promote trade.

8. It involves a merger between two businesses that are not related to each other  completely different  industries

(a)  

9. (a)   occurs when a firm or agency gains control of the other firms or agency performing similar marketing function at the same time

10. Form of market integration that allows the free movement of labor and capital within the member countries

(a)  

11. Regarded as the highest form of integration

(a)  

12. goods and services

 produced in a foreign country and bought by domestic residence

(a)  

13. it is the whole system of human interactions; Institutions that govern international relations

(a)  

14. An international financial institution was founded in 1994 which

Works on reducing poverty by giving loans to developed and developing countries

(a)  

15. Is an intergovernmental  organizations with largest developed economies in the world

(a)  

16. An institution encourages international trade by establishing trade agreements between countries

(a)  

17. an ideology based on the belief that people, goods and information ought to be able to cross nations, boarders unfettered.

(a)  

18. A visual depiction of the North-South Divide

(a)  

19. a political principle which transcends nationalism and advocates a greater political or economic cooperation among

(a)  

20. full name of your course instructor :P

(a)  

TRUE or FALSE

The most prominent figure behind the world systems is Immanuel Wallerstein.

(a)  

True or False

. The united nations is an intergovernmental organization founded in 1945 currently made up of 196 members

(a)  

True or False

There are actual 50 founding  member states of UN signed on June 26, 1945

(a)  

True or False

The general assembly is the main deliberative policy making and representative organ of the United Nations

(a)  

True or False

"Peace, dignity and efficiency on a healthy planet" = motto of UN

(a)  

True or False

Arabic, Chinese, English, French Russian and Spanish are the six official languages of United Nations

(a)  

True or False

Russia is a member of G7 nations since 1994

(a)  

True or False

Australia and New Zealand are Global South Nations

(a)  

In the Cold War era, Third world  is led by Soviet Union and and their bloc of other communist nations

(a)  

True or False

LLDCs typically have high per capita and high literacy rates.

(a)  

Essay

1. Differentiate the attributes of Global North and South countries ( at least 5 each) 10 points

2. A country is in need to establish good international relations with other country . Justify its significance ( 10 points)

3. Explain atleast one cause of gap or Inequality why Global south countries remains to be poor and first world nations remains to be rich and richer. ( 10 points)

4. Cite atleast one challenge or contemporary issue( you think) is in need the most huge attention faced by the actors of contemporary governance and why? 

(10 points)