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W2 Quiz CW

Authored by RCI Ramos-Hagen

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W2 Quiz CW
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15 questions

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1.

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1 min • 1 pt

           It is a historical process that has resulted from human effort and technological advancement. It refers to the growing globalization of economies, especially through the cross-border movement of goods, services, and resources. The concept is often used to describe the cross-border movement of workers (labor) and information (technology) (IMF, 2008)

2.

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1 min • 1 pt

It refers to the unequal distribution of wealth, power, prestige, resources, and influence among the world's nations.

3.

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1 min • 1 pt

Write T if the statement is correct and F if not.

Third World are nations belonging to the Soviet Union.

4.

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1 min • 1 pt

Write T if the statement is correct and F if not.

Developing – critics said that developed countries sounded “superior”

5.

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1 min • 1 pt

Write T if the statement is correct and F if not.

Developed – critics said that undeveloped nations are said to be “inferior”

6.

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1 min • 1 pt

Write T if the statement is correct and F if not.

A partnership is a business that can be owned and controlled by an individual or one person only.

7.

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1 min • 1 pt

A type of business firm that has formal arrangement by two parties to manage and operate a business and share its profits.

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