WorksheetsDo Now Globalization and modern economics
Total questions: 20
Worksheet time: 15mins
This group settles trade disputes among member nations
OPEC
WTO
United Nations
This group promotes free trade
OPEC
WTO
United Nations
A cartel of oil producing nations
OPEC
WTO
United Nations
A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).
Free Trade
Trade
Goods
Supply and Demand
The development of a worldwide economy where resources flow fairly freely across borders.
Globalization
Economy
GDP
What are some negatives of globalization?
Workers are exploited in sweatshops
Pollution and deforestation
Low wages for factory workers in Asia and Africa
All of the answers are correct
What are some positives of globalization?
Cheap sneakers and clothes
Cheap electronics
Information is easy to access and it travels quickly (internet and social media)
All of the answers are correct
According to CNN, the United States receives 80% of its avocados from Mexico. Mexico receives most of its auto parts from the United States. This is an example of the following.
Interdependence
Infrastructure
Globalization
A negative side effect of globalization such as the spread of Covid-19 is caused by
Improved sanitation resulting in resistant strains of viruses
Accelerated transmission of viruses due to increased travel
Health problems caused by decreased government funding
Cultural movements that limit vaccinations for children
What countries are a part of the North American Free Trade Agreement (NAFTA)
United States
Mexico
Germany
Canada
What is the long-term shift in weather and temperature patterns primarily due to the burning of fossil fuels?
pollution
deforestation
climate change
desertification
What is the intergovernmental organization established to reduce tariffs, promote common trade policies, and adopt a common currency among European countries?
Association of Southeast Asian Nations (ASEAN)
United Nations (UN)
North Atlantic Treaty Organization (NATO)
European Union (EU)
African Union (AU)
What is the UN agency that works worldwide to promote health, keep the world safe, and serve the vulnerable?
World Bank
International Monetary Fund
World Health Organization (WHO)
What is the UN agency that works to achieve sustainable economic growth and prosperity?
World Bank
International Monetary Fund
World Health Organization (WHO)
What is the purposeful clearing of land for farming, livestock pastures, or urban use?
free trade
population growth
deforestation
climate change
pollution
The improvement in transportation and communication technologies contributed to the rapid acceleration of globalization during the 20th and 21st centuries.
TRUE
FALSE
What is the intergovernmental organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, and achieve international cooperation?
Organization of the Petroleum Exporting Countries (OPEC)
United Nations (UN)
North Atlantic Treaty Organization (NATO)
European Union (EU)
Explain the role of the International Monetary Fund in stabilizing the global economy.
Printing new currency for all member countries
Providing financial assistance, promoting international monetary cooperation, and offering policy advice and technical assistance.
Selling weapons to stabilize the economy
Providing free healthcare to citizens of member countries
What does the World Bank primarily do?
a) Provides financial aid for infrastructure projects
b) Promotes global monetary cooperation
c) Enforces trade agreements
d) Funds military expenditures
