WorksheetsUnit 4 - The World Economy
Total questions: 21
Worksheet time: 11mins
The increased flow of trade, people, technology, culture and ideas among countries.
Colonization
International trade
Globalization
Decolonization
Globalization increases the replenishment of natural resources
True
False
Multinational corporations operate in ___ countries in order to sell throughout the world.
one
two
many
This group promotes free trade
OPEC
WTO
United Nations
Globalization is most associated with domestic trade
true
false
Globalization has increased due to
raised trade barriers
new trade organizations
increased communication
resource depletion
Climate change…
Is an indirect consequence of globalization
Is a direct consequence of globalization
The exports and imports of goods or services of a country is ____
Local Trade
Foreign Trade
State Trade
National Trade
The aim of WTO is to ______
provide trading education
liberalize international trade
start an MNC
None of them
A large MNC controls owns and controls production in ____
one country
more than one country
one State
more than one state
Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods should come into the country.
TRUE
FALSE
Allowing private sector to set up more and more industries that were
previously reserved for public sector is called _____
Socialization
Liberalization
Privatization
Globalization
