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Week 5 - Globalization - Review

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

Which of these is a conflict mineral used in Intel chips?

a)

Gold

b)

Silver

c)

Tantalum

d)

Copper

2.

Which phrase describes the 3 ways that a company can globalize its business?

a)

Invest, Build, Transfer

b)

Sell, Make, Source

c)

Identify, Analyze, Act

d)

Measure, Study, Implement

3.

Which is NOT a benefit of globalization?

a)

Increases job security

b)

Lower prices to consumers

c)

Spreads democracy

d)

Increases technology transfer

4.

Which is NOT a cost of globalization?

a)

Potentially increases despotism

b)

Erodes regional & national cultures

c)

Increases currency exchange costs

d)

Weakens environmental standards

5.

A key theory about why globalization benefits society is the theory of

a)

Continental Allocation

b)

Consistent Activity

c)

Climate Advocacy

d)

Comparative Advantage

6.

Which is NOT a IFTI (International Financial and Trade Institution)?

a)

World Bank (WB)

b)

Organization for Economic Cooperation and Development (OECD)

c)

International Monetary Fund (IMF)

d)

World Trade Organization (WTO)

7.

Which is NOT a defining feature of democracy

a)

Fair elections

b)

Separation of Powers

c)

Freedom of the press

d)

Government ownership of the production of goods

8.

The bottom of the global wealth pyramid includes 70% of the population that has assets less than

a)

$1000

b)

$5000

c)

$10,000

d)

$25,000

9.

The proposed global minimum corporate tax rate is

a)

10%

b)

15%

c)

20%

d)

25%