MIDTERM GE7

MIDTERM GE7

University

40 Qs

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MIDTERM GE7

MIDTERM GE7

Assessment

Quiz

History

University

Practice Problem

Medium

Created by

Mark Libeco

Used 6+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary characteristic of economic globalization?

Decrease in cross-border trade

Increased interdependence of world economies

Isolation of financial markets

Limited flow of technology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is one of the two major driving forces for economic globalization?

Privatization

Decentralization

Marketization

Industrialization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of Transnational Corporations (TNCs) in economic globalization?

To operate only in their home country

To promote local trade and production

To drive economic globalization through global trade

To regulate international economic policies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which period is known as the "golden age of globalization"?

16th century

19th century before WWI

Post-WWII period

Early 20th century

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What led to the end of the Bretton Woods system?

Introduction of the Euro

Decline in the value of the US dollar

The establishment of the European Monetary Union

Creation of the World Trade Organization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the European Financial Stability Mechanism (EFSM)?

A temporary rescue fund for European banks

A permanent fund created to assist EU member states

An organization for international trade

A regulatory body for monetary policy in Europe

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market integration refers to:

The merging of multiple businesses into one

The ability of markets to trade easily

Government control over markets

Market segmentation

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