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WorksheetsSocio101 Midterm Exam
Total questions: 50
Worksheet time: 25mins
What does market integration primarily involve?
Keeping national economies separated from others
Economies becoming more connected in trade and goods
Governments creating strong barriers to trade flows
Limiting the entry of investments from other nations
Which of the following best describes International Financial Institutions (IFIs)?
Private banks mainly focused on earning profits
Institutions that offer loans, grants, and support for growth
Organizations that manage and oversee stock markets
Corporations that create and sell products worldwide
What is a key difference between Transnational Corporations (TNCs) and Multinational Corporations (MNCs)?
TNCs have centralized decision-making, MNCs do not
MNCs give more freedom to subsidiaries than TNCs
TNCs give subsidiaries more autonomy in their operations
MNCs conduct business only within one country
Which industry helped establish the Philippines as the call center capital of the world?
Manufacturing
Agriculture
Business Process Outsourcing (BPO)
Mining
Which of the following is an example of horizontal integration?
A mining company that owns steel factories
Disney acquiring and merging with Pixar
McDonald’s owning farms for its supplies
A company expanding to foreign countries
Which of these is NOT an example of an International Financial Institution (IFI)?
International Monetary Fund (IMF)
World Bank Group
African Development Bank
World Trade Organization (WTO)
Which criticism is often directed at IFIs regarding their loan conditionality?
Being too lenient toward poorer countries
Imposing Western-style policies such as liberalization
Overlooking the needs of richer member nations
Giving financial grants instead of offering loans
Which of the following historical events marks the start of the modern global economic structure?
The fall of the Berlin Wall
The Industrial Revolution
The Great Depression
The 2008 financial crisis
What major global organization was established to help countries collaborate after World War II?
NATO
United Nations (UN)
World Bank
European Union (EU)
What is the main role of the UN Security Council?
Promote economic development
Maintain peace and security worldwide
Oversee international trade agreements
Provide humanitarian aid only
Which of the following is NOT a branch of the United Nations?
UN General Assembly
UN Security Council
International Monetary Fund
International Court of Justice
What shift in global power is noted in the "post-American world"?
Ongoing dominance of the United States
Decline of U.S. power and rise of China and Russia
Total disappearance of existing nation-states
Growth of economies that remain independent
Which of the following is a challenge for global governance today?
Limited presence of non-state actors
Slow progress in modern technology
Political instability and spread of power
Gradual decline in worldwide trading
What role do non-state actors such as NGOs and corporations play in global governance?
They fully replace the power of nation-states
They build partnerships to solve global concerns
They focus mainly on profits and not on society
They hold no impact in world-level relations
In a scenario where a mining company controls the extraction, processing, and distribution of steel, this is an example of:
Horizontal integration
Vertical integration
Market segmentation
Outsourcing
The rise of corporations from emerging economies has caused capital flows to shift toward:
North-North only
South-South and South-North
Only developed countries
Only local markets
Which of the following best describes the Paris Declaration on Aid Effectiveness?
A trade agreement formed among many nations
A plan to enhance aid coordination and results
A global program for financial assistance
A rule created to limit giving foreign aid
Which of the following best describes the G20+ in global governance?
A global alliance focused on military goals
A forum to promote dialogue and economic reform
An international program for cultural exchange
A consortium formed by private corporations
If a country receives a loan from an IFI that requires privatizing its water services, this is an example of:
Technical assistance
Loan conditionality
Grant funding
Humanitarian aid
What is a major limitation of the traditional nation-state in the era of globalization?
Exclusive control over making national laws
Constant authority over its own territories
Failure to regulate all global economic flows
Political power gained from its citizens
Which of the following is a task of the UN Secretariat?
Settling disputes that arise among member states
Directing and managing global peace missions
Giving research, data, and help for UN programs
Making ultimate rulings on world-level laws
A corporation giving autonomy to its foreign subsidiaries to develop unique marketing strategies is an example of:
Multinational Corporation (MNC) approach
Transnational Corporation (TNC) approach
Horizontal integration
Vertical integration
During the First Period of Globalization, which of the following supported international trade growth?
The invention and use of the modern Internet
Treaties such as the International Telegraph Union
Formation of groups like the United Nations
Development of advanced digital technology
Which of the following is NOT a function of International Financial Institutions (IFIs)?
Promoting macroeconomic stability
Providing military assistance
Supporting infrastructure development
Offering policy-based lending
If a country wants to strengthen its call center industry to attract more foreign clients, this reflects which of the following concepts?
Market integration
Trade protectionism
Capital isolation
Economic nationalism
The International Financial Institutions are primarily profit-oriented private banks.
TRUE
FALSE
Horizontal integration involves a company acquiring another company in the same line of business.
TRUE
FALSE
Multinational Corporations (MNCs) give more autonomy to their foreign subsidiaries compared to Transnational Corporations (TNCs).
TRUE
FALSE
The Philippines is known as the call center capital of the world due to its large BPO industry.
TRUE
FALSE
The United Nations was created after World War I to promote global peace.
TRUE
FALSE
The UN Security Council includes 5 permanent members with veto power.
TRUE
FALSE
The rise of non-state actors has diminished the need for international cooperation.
TRUE
FALSE
FIs often require loan conditionalities such as privatization and liberalization.
TRUE
FALSE
The Paris Declaration on Aid Effectiveness aims to reduce aid transparency.
TRUE
FALSE
The global economy in the 16th to 18th centuries was characterized by rapid globalization.
TRUE
FALSE
The International Court of Justice (ICJ) resolves disputes between individuals.
TRUE
FALSE
The nation-state has complete control over global economic transactions today.
TRUE
FALSE
The General Assembly is the main decision-making body of the UN.
TRUE
FALSE
The G20+ aims to enable global economic crisis response.
TRUE
FALSE
Transnational Corporations (TNCs) operate with centralized decision-makin
TRUE
FALSE
The fall of the Berlin Wall marked a key political shift in global governance.
TRUE
FALSE
The rise of emerging economy corporations has decreased South-South capital flows.
TRUE
FALSE
IFIs face criticism for environmental harm caused by some of their projects.
TRUE
FALSE
The UN Secretariat is led by the Secretary-General.
TRUE
FALSE
Market integration decreases interdependence among economies.
TRUE
FALSE
The World Bank Group is one example of an International Financial Institution.
TRUE
FALSE
A mining company managing steel factories is an example of horizontal integration.
TRUE
FALSE
Non-state actors such as NGOs have no role in contemporary global governance.
TRUE
FALSE
The Monterrey Conference on Financing for Development addressed financial sustainability of IFIs.
TRUE
FALSE
The Universal Postal Union was created in the 20th century to support globalization.
TRUE
FALSE
