Conworld Flashcards
Tariffs and quotas regulate trade. T or F?
TRUE
Economic globalization is the increasing interdependence of world economies. T or F?
TRUE
Core countries usually work as labor for peripheral countries. T or F?
FALSE
In terms of trade, it matters to ensure the social, economic and environmental wellbeing of the marginalized. T or F?
TRUE
Globalization is only beneficial as it allows the development of countries. T or F?
FALSE
It is our responsibility as humans to take care of our resources, thus, we must practice sustainable development. T or F?
TRUE
Global cities give a competitive advantage in terms of jobs, income and
economic advancement. T or F?
TRUE
Agriculture plays a big role in ensuring food security. T or F?
TRUE
Modernization theory states that global stratification acts as a function of technological and cultural differences. T or F?
TRUE
Global cities are engines of globalization. T or F?
TRUE
Agriculture plays a vital role in maintaining food security. T or F?
TRUE
We should always be aware of what is happening around us as it helps us with decision making. T or F?
TRUE
In global income inequality, wealth inequality deals with the distribution of the country’s assets. T or F?
TRUE
Multiplier effect states that as economic activities increases, jobs and income decrease. T or F?
FALSE
Food security means you do not have the fear of starvation. T or F?
TRUE
Semi-peripheral countries have a close tie to the economic core. T or F?
TRUE
Peripheral countries often work as labor to core countries. T or F?
TRUE
Trade liberalization means easer movement of goods from one country to another. T or F?
TRUE
Protectionism means the country protects its local products by imposing tariffs and quotas. T or F?
TRUE
Global cities promote diversity in culture. T or F?
TRUE
Globalization allows for connections among people, communities, and countries all over the globe. T or F?
TRUE
Fertility rate is the average period that a person may expect to live.T or F?
TRUE
The literature on the definitions of globalization revealed that definitions could be classified as either (1) broad and exclusive or (2) narrow and inclusive. T or F?
FALSE
No matter how one classifies a definition of globalization, the concept is complex and multifaceted as the definitions deal with either economic, political, or social dimensions. T or F?
TRUE