Globalization is a process of moderate integration or interconnection between countries. State whether true or false.

Applied Economics Finals Quiz 1

Quiz
•
Social Studies
•
Professional Development
•
Hard
Arthur DIego
Used 5+ times
FREE Resource
10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Globalization will result by connecting countries as;
Less competition among producers
More competition among others
No change in competition among manufacturers
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Governments can use ____________ to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each should come into the country
Trade Barriers
Foreign Investment
Imposition of Tariff and Quota
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How technology enabled Globalization ?
To reduce the trade barriers that happens in the country
To exploit the natural diamonds in the invested country
To reduce the cost and increase the speed in the market
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
•Multinational corporations have a detrimental effect on the environment because their operations may encourage pollution, land development, and the depletion of local and natural resources is an example of:
Externalities
Lower cost
Environmental Sustainability
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When an individual decides to reduce their spending now to increase the amount of savings they have in the bank, this results to:
Economics Crisis
Economic Leakage
Threat to local economy
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Universal Robina Corporation opened manufacturing plants to it's branches worldwide in order to increase the number of products produced day-by-day and it is called:
Tariff Avoidance
Economies of Scale
Exploiting national diamonds
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