BAC 6-Quiz-T1

What is the primary definition of globalization?

• The increasing isolation of economies worldwide
• The process of cultural regression
• By obtaining guarantees from customers
• The elimination of all trade barriers between countries

Which of the following is a direct result of globalization?

• Decreased trade between countries
• Increased cultural exchange
• Isolation of nations
• Direct control

Which country’s economic rise is most closely linked to globalization?

• Brazil
• China
• Australia
• Canada

Which technology has most contributed to the advancement of globalization?

• Steam engines
• Social media platforms
• Telephones
• Radios

What is a possible cultural consequence of globalization?

• Cultural homogenization
• Stronger local traditions
• Revival of traditional languages
• Decreased international tourism

Which of the following organizations promotes international economic cooperation?

• Greenpeace
• International Monetary Fund (IMF)
• United Nations Educational, Scientific and Cultural Organization (UNESCO)
• Red Cross

Which of the following is NOT considered a main driver of globalization?

• Advances in technology
• Cultural isolation
• Trade liberalization policies
• Global financial markets

Which trade agreement is an example of liberalized trade under globalization?

• NAFTA
• BRICS
• ASEAN
• NATO

Which of the following is a consequence of financial globalization?

• Inability to access foreign investment
• Increased capital flow across borders
• Restriction of global markets
• Ban on international loans

Which environmental issue is exacerbated by globalization?

• Climate change
• Soil erosion
• Overfishing
• Earthquake intensity