Economic Globalization Quiz

What does economic globalization primarily refer to?

• Spread of cultural values

• Exchange of political ideologies

• Interdependence of national economies

• Expansion of military influence

Which of the following is an early example of international trade?

• Digital commerce

• Bretton Woods Agreement

• Silk Road

• NAFTA

What was the goal of mercantilism?

• Free trade

• Accumulation of gold and silver

• Technological innovation

• Environmental protection

What major shift occurred during the Industrial Revolution?

• Rise of agriculture

• Decline of international trade

• Introduction of mass production

• Collapse of colonial empires

What did the Bretton Woods System aim to achieve?

• Abolish capitalism

• Increase tariffs

• Create a stable monetary system

• Reduce innovation

Neoliberalism promotes:

• Government control over prices

• Self-regulating markets

• Isolationist policies

• Protectionism

Globalization 4.0 is characterized by:

• Colonial expansion

• Industrial agriculture

• Digital technologies

• Slave labor

What boosted international trade post-1947?

• Civil wars

• Creation of local markets

• Agreements like GATT and NAFTA

• Rise of socialism

What is the purpose of the WTO?

• Print currencies

• Build infrastructure

• Regulate international trade and resolve disputes

• Conduct military negotiations

Which trade agreement replaced NAFTA?

• ASEAN

• RCEP

• USMCA

• APEC