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Study of Globalization

Total questions: 20

Worksheet time: 9mins

Name
Class
Date
1.

_______ is a historical process, the result of human innovation and technological progress.

a)

GLOBALIZATION

b)

INDUSTRIALIZATION

c)

NATION

2.

The first “wave” of globalization was propelled by steamships, railroads, the telegraph, and other breakthroughs, What Century is this?

a)

18th Century

b)

19th Century

c)

20th Century

3.

For the first time in history, luxury products from China started to appear on the other edge of the Eurasian continent, which road did it appeared on?

a)

Rocky Road

b)

Mud Road

c)

Silk Road

4.

It was the era of the steamships and trains could transport goods over thousands of miles, both within countries and across countries. Which Revolution is this?

a)

French Revolution

b)

Industrial Revolution

c)

Machine Revolution

5.

It refers to an agreement among countries in a geographical region to reduce and remove tariff barriers.

a)

Trade Liberation

b)

Economic Integration

c)

Modern World System

6.

Refers to the global environmental issues including population growth, access to food.

a)

Sociological

Globalization

b)

Economic Globalization

c)

Ecological Globalization

7.

Refers to the increasing interdependence of world economies as a result of the growing scale cross of border trade of commodities and services.

a)

Economic Globalization

b)

Ecological Globalization

c)

Cultural Globalization

8.

The internet and mobile technology have allowed greater communication between people in different countries, What Reason for Globalization is this?

a)

Freedom of Trade

b)

Improvement Of Communication

c)

Global Banking

9.

Give Atleast one in the stages of globalization. (Company)

(a)  

10.

Give atleast one dimension of globalization.

(a)  

11.

Refers to the increasing interdependence of the economies, cultures,and populations throughout the world as a result of technology, cross-border trade in goods and services, and flows of capital, labor, and information.

a)

Globalization

b)

Comparative Advantage

12.

Is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.

a)

Globalization

b)

Comparative Advantage

13.

Comparative Advantage is a theory by:

a)

Karl Marx

b)

David Ricardo

c)

Auguste Comte

14.

Absolute Advantage is a theory by:

a)

Karl Marx

b)

David Ricardo

c)

Adam Smith

15.

Is the ability of an individual, company, region, or country to produce a greater quantity of a good or service.

a)

Comparative Advantage

b)

Absolute Advantage

16.

Comparative Advantage Theory was given by David Ricardo in ______.

a)

1718

b)

1817

c)

1918

17.

It is very important to study (a)   because understanding the international political economy is an essential part of being an informed citizen.

18.

One of the most influential of the classical economists along with Robert Malthus, Adam Smith and James Mill. He was also a politician, and a member of the Parliament of Great Britain and Ireland.

(a)  

19.

It is important to study (a)   to understand the differences and similarities of different cultures and to understand how the we are connected and at the same time separated from the world.

20.

Its very important to study globalization because understanding the international political economy is an essential part of being an ________ _______.

(a)