Final Exam

Question 1

What is globalization?

Answer 1

Globalization is the process of increased interconnectedness and interdependence among countries, primarily in economic, political, and cultural aspects.

Question 2

True or False: Globalization only refers to economic relationships.

Answer 2

False

Question 3

Fill in the blank: The ___________ Revolution significantly contributed to the acceleration of globalization.

Answer 3

Industrial

Question 4

What does the term ‘cultural diffusion’ refer to?

Answer 4

Cultural diffusion refers to the spread of cultural beliefs and social activities from one group to another.

Question 5

Which historical event is often considered a turning point for globalization?

Answer 5

The Age of Exploration

Question 6

What is ‘economic interdependence’?

Answer 6

Economic interdependence is a condition where countries rely on each other for goods, services, and resources.

Question 7

Multiple Choice: Which of the following is a result of globalization? A) Increased trade B) Cultural isolation C) Decreased communication D) None of the above

Answer 7

A) Increased trade

Question 8

What role did technology play in globalization?

Answer 8

Technology, particularly in communication and transportation, has facilitated faster and more efficient global interactions.

Question 9

True or False: Globalization has only positive effects.

Answer 9

False

Question 10

Define ‘trade liberalization’.

Answer 10

Trade liberalization is the removal or reduction of trade barriers, such as tariffs and quotas, to encourage free trade.

Question 11

Fill in the blank: The ___________ Agreement aimed to enhance trade relations between Canada, the United States, and Mexico.

Answer 11

NAFTA

Question 12

What is ‘cultural homogenization’?

Answer 12

Cultural homogenization is the process by which local cultures are transformed or absorbed by a dominant culture.

Question 13

Multiple Choice: Which organization promotes international trade? A) WHO B) IMF C) NATO D) UNESCO

Answer 13

B) IMF

Question 14

What does ‘global governance’ refer to?

Answer 14

Global governance refers to the way international affairs are managed across countries through international cooperation.

Question 15

True or False: Globalization has no impact on local cultures.

Answer 15

False

Question 16

What is ‘transnationalism’?

Answer 16

Transnationalism is the process of maintaining connections across national borders, often through migration or business.

Question 17

Fill in the blank: The ___________ of the 1980s and 1990s accelerated the process of globalization.

Answer 17

Information Age

Question 18

What is a ‘multinational corporation’?

Answer 18

A multinational corporation is a company that operates in multiple countries beyond its home country.

Question 19

Multiple Choice: What is one concern associated with globalization? A) Job creation B) Environmental degradation C) Cultural exchange D) Economic growth

Answer 19

B) Environmental degradation

Question 20

Define ‘economic globalization’.

Answer 20

Economic globalization refers to the increasing economic integration and interdependence of national economies.

Question 21

True or False: Globalization has led to a decline in global poverty.

Answer 21

True

Question 22

What does ‘global trade’ involve?

Answer 22

Global trade involves the exchange of goods and services across international borders.

Question 23

Fill in the blank: The ___________ was created to promote international economic cooperation.

Answer 23

World Trade Organization (WTO)

Question 24

What is ‘cultural imperialism’?

Answer 24

Cultural imperialism is the practice of promoting one culture over others, often through media and consumer products.

Question 25

Multiple Choice: Which factor is NOT a driver of globalization? A) Advances in technology B) Political conflicts C) Trade agreements D) International migration

Answer 25

B) Political conflicts

Question 26

What is 'sustainability' in the context of globalization?

Answer 26

Sustainability refers to meeting present needs without compromising the ability of future generations to meet their own needs.

Question 27

True or False: Globalization has led to increased income inequality in some regions.

Answer 27

True

Question 28

What does 'global citizenship' mean?

Answer 28

Global citizenship refers to recognizing oneself as part of a global community and taking responsibility for global issues.

Question 29

Fill in the blank: The ___________ was a significant trade route that connected Europe and Asia.

Answer 29

Silk Road

Question 30

What is the role of the International Monetary Fund (IMF)?

Answer 30

The IMF provides financial support and advice to countries facing economic difficulties.

Question 31

Define 'protectionism'.

Answer 31

Protectionism is the economic policy of restricting imports from other countries through tariffs and quotas.

Question 32

Multiple Choice: Which of the following is NOT a characteristic of globalization? A) Increased connectivity B) Cultural diversity C) Economic integration D) Isolationism

Answer 32

D) Isolationism

Question 33

What is 'global supply chain'?

Answer 33

A global supply chain is a network of production and distribution processes that spans multiple countries.

Question 34

True or False: Globalization has no impact on local economies.

Answer 34

False

Question 35

What does 'economic disparity' refer to?

Answer 35

Economic disparity refers to the unequal distribution of wealth and resources among different groups or regions.

Question 36

Fill in the blank: The ___________ is an economic policy that encourages trade by reducing barriers.

Answer 36

Free trade agreement

Question 37

What is 'human migration'?

Answer 37

Human migration is the movement of people from one place to another, often for economic or social reasons.

Question 38

Multiple Choice: Which term describes the loss of local culture due to globalization? A) Cultural retention B) Cultural assimilation C) Cultural preservation D) Cultural identity

Answer 38

B) Cultural assimilation