10B Globalization Quiz

What is globalization?

• The spread of economic and governing systems through trade

• The growing interdependence of the world’s economies, cultures, and populations

• The promotion of international cooperation and free trade

• The process of making creations as awesome as this one

In a globalized economy, countries specialize in the products and services they have a competitive advantage in. What does this mean?

• They produce and provide most efficiently, with the least amount of resources, at a lower cost than competing nations

• They produce and provide most efficiently, with the least amount of resources, at a higher cost than competing nations

• They produce and provide less efficiently, with more resources, at a lower cost than competing nations

• They produce and provide less efficiently, with more resources, at a higher cost than competing nations

What are the types of globalization mentioned in the text?

• Economic, social, and historical

• Historical, geographical, and technological

• Social, environmental, and technological

• Political, economic, and cultural

How does globalization affect communities?

• It has no impact on communities

• It only affects the ability of companies to grow and expand

• It affects who lives in communities, where they work, who they work for, and their ability to move out of their community

• It only affects the prices people pay for goods

What is the purpose of the United Nations, International Monetary Fund, World Bank, and World Trade Organization?

• To spread economic and governing systems through trade

• To promote international cooperation and free trade

• To remove the barriers set by geographic constraints

• To bring countries together politically, economically, and culturally

What is the main focus of cultural globalization?

• The promotion of international cooperation and free trade

• Increased ease of communication and access to social media

• Technological and societal factors causing cultures to diverge

• Access to faster and better transportation

What are the effects of globalization on people?

• It has no impact on people

• It affects their access to goods, the prices they pay, and their ability to travel to other countries

• It only affects their access to goods

• It only affects their ability to travel to other countries

What is the Silk Road trade known for?

• Spreading economic and governing systems

• Removing the barriers set by geographic constraints

• Bringing merchants, goods, and travelers from China through Central Asia and the Middle East to Europe

• Promoting international cooperation and free trade

What is the main focus of economic globalization?

• Technological and societal factors causing cultures to converge

• National policies that bring countries together politically, economically, and culturally

• Free trade agreements and the operation of multinational corporations

• Increased ease of communication and access to social media

What is the main focus of political globalization?

• Increased ease of communication and access to social media

• Technological and societal factors causing cultures to converge

• National policies that bring countries together politically, economically, and culturally

• Free trade agreements and the operation of multinational corporations