Quiz on Globalization and Environmental Issues

What is globalization primarily described as in the text?

• A process of cultural isolation

• A process of worldwide integration

• A process of economic decline

• A process of technological stagnation

Which of the following is NOT mentioned as a dimension of globalization?

• Environmental change

• Economic activity

• Cultural diffusion

• Technological innovation

What environmental issue is associated with the North Sea according to the text?

• Increase in coral reefs

• Death of seals

• Growth of algae

• Increase in butterfly population

What is the primary reason for the decline in Monarch butterflies as mentioned in the text?

• Increase in predators

• Loss of habitat

• Change in roosting trees

• Pollution

What does "Transnationalization of Capital" refer to?

• The decline of international trade

• The increase of capital flow across borders

• The isolation of financial markets

• The reduction of global investments

What is the primary role of multinational corporations (MNCs) in the globalization of production?

• To limit production to local markets

• To internalize more of the production process

• To focus solely on domestic markets

• To reduce global trade

What does the term "Global Capitalism" refer to?

• A system where production is limited to national boundaries

• A system where economic activities are controlled by small businesses

• A system where economic processes are spread across international boundaries

• A system where only local markets are prioritized

What is one of the major impacts of Foreign Direct Investment (FDI)?

• Decreases competition in affected industries

• Increases regional instability

• Stimulates regional growth

• Reduces efficiency in production

What is the objective of the World Trade Organization (WTO)?

• To increase trade barriers

• To promote open markets by removing trade impediments

• To limit international trade

• To focus on regional trade only

Which trade bloc includes nations from North, Central, and South America?

• European Union

• Pacific-Rim Trade Bloc

• Americas Trade Bloc

• African Union