The Contemporary World Answers Finals

Question 1

The process of removing state-imposed restrictions on
movements between countries to create an
“open”, “borderless” world economy is called______

Answer 1

Liberalization

Question 2

What is an outlook that is limited to one’s immediate community?

Answer 2

Parochialism

Question 3

Which of the following is a parameter of Globalization?

Answer 3

Free flow of technology from one country to another

Question 4

How does Globalization become an advantage?

Answer 4

There is a decrease in prices of goods and services due to competition

Question 5

What was the year when the United Nations came into being?

Answer 5

1945

Question 6

Which of the following is the most complete definition of Globalization?

Answer 6

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology

Question 7

The movement towards political cooperation
among transnational actors aimed at negotiating responses to problems that affect more than one state or region is called______

Answer 7

Global Governance

Question 8

When was the International Monetary Fund and World Bank created?

Answer 8

1944