WorksheetsWHG Unit 10 Globalization
Total questions: 12
Worksheet time: 6mins
Globalization can be defined as:
the growing interdependence of the world’s economies, cultures, and populations
the decrease in available resources due to an expanding population
Exports bring ______ into a country.
services
goods
money
The formula for calculating net exports is:
Imports - Exports
Exports - Imports
Exports / Imports
Imports /Exports
When a nation spends more money on imports than it makes on exports a ________ is created.
Trade Deficit
Trade Surplus
In 2022, the U.S. exported $428 billion worth of goods to Canada and imported $481 billion worth of goods from Canada. Which of the following best describes the U.S.A.'s balance of trade with Canada?
$+909 billion trade surplus
$-53 billion trade deficit
$-909 billion trade deficit
$+53 billion trade surplus
A limitation on the quantity of certain imported products is called:
a tariff
an embargo
a quota
A tariff:
encourages nations to buy foreign products
serves as a tax on imported goods
both are true
neither are true
What is the primary goal of the World Trade Organization?
to restrict international trade
to ensure that are nations have equal wealth
to increase the standard of living around the world
Which branch of the World Bank primarily works with the world's poorest countries?
International Development Association (IDA)
International Bank for Reconstruction and Development (IBRD)
The European Union (EU) was created with the passage of the:
Geneva Accords
Maastricht Treaty
Treaty of Utrecht
Which of the following was done by the EU in order to create unity among its membership?
created uniform currency
formed a military alliance
limited foreign trade to only member nations
The primary goals of the World Health Organization include:
responding to health crises when they arise
working to keep people healthy
gathering data about health around the world
all are true
