The Globalization Quiz

The Globalization Quiz

Test your knowledge of global economic integration with this quiz. See how the world has become more interconnected with the process of globalization.

published on April 22, 2023
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What is the main purpose of globalization?

What is the main purpose of globalization?
Reduce job opportunities
Increase living standards
Improve world economy
All of the above
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What is the main disadvantage of globalization?

Affordable luxury goods
Decreased cultural identity
Low wage jobs
Rise in poverty rate
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How does globalization impact the environment?

How does globalization impact the environment?
Destruction of habitats
Surplus energy resources
Significant water pollution
All of the above
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What are the benefits of globalized trade?

What are the benefits of globalized trade?
Decreased consumer choice
Reduced environment costs
Lower prices for consumers
Decreased competition
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What is the primary benefit of foreign direct investment?

What is the primary benefit of foreign direct investment?
Increased exports
Revenue from taxation
Technology transfer
Influx of capital
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How does the World Trade Organization impact globalization?

How does the World Trade Organization impact globalization?
Eliminates trade restrictions
Sets tariffs on imports
Decreases competition for local producers
Raises wages for foreign workers
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What is the purpose of the International Monetary Fund?

What is the purpose of the International Monetary Fund?
To reduce international trade barriers
To promote global economic cooperation
To assist member countries experiencing balance of payment difficulties
To protect the world economy from risks of currency devaluation
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What is the purpose of the World Bank?

What is the purpose of the World Bank?
To reduce international trade barriers
To provide loans for development projects
To assist member countries experiencing balance of payment difficulties
To protect the world economy from risks of currency devaluation
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What is the purpose of the World Trade Organization (WTO)?

What is the purpose of the World Trade Organization (WTO)?
To reduce international trade barriers
To provide loans for development projects
To assist member countries experiencing balance of payment difficulties
To protect the world economy from risks of currency devaluation
10/12

What is the purpose of the General Agreement on Tariffs and Trade (GATT)?

What is the purpose of the General Agreement on Tariffs and Trade (GATT)?
To reduce international trade barriers
To provide loans for development projects
To assist member countries experiencing balance of payment difficulties
To protect the world economy from risks of currency devaluation
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What is the purpose of the Organization for Economic Co-operation and Development (OECD)?

What is the purpose of the Organization for Economic Co-operation and Development (OECD)?
To reduce international trade barriers
To provide loans for development projects
To monitor foreign economic data
To protect the world economy from risks of currency devaluation
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What type of technology innovation has led to accelerated globalization?

What type of technology innovation has led to accelerated globalization?
High speed air travel
The internet
New refrigeration methods
Cellular telephones