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Contemporary World Quiz > Multiple Choice > Flashcards

Multiple Choice Flashcards

1
Q

1 Globalization is a multi-dimensional process involving economic, political, technological, cultural, and ecological dimensions. It suggests a process that results to negative development that destroys other economies.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, secord statement is true

A

B. First statement is true, second statement is wrong

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2
Q
  1. A defining feature of globalization is an institutional industrial and financial business structure. Economic life is dramatically transformed by advancement in information technology.

A Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

A Both statements are true

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3
Q
  1. One principal driver of globalization is the social media. Social media have changed the ways in which this knowledge is being recorded and passed on.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

D. First statement is wrong, second statement is true

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4
Q

4 Globalist claim to convince people to adopt the natural discipline of the market if they want to prosper. While neoliberalist believe that the spread of market force driven by technological innovations is inevitable in globalization.

Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong. second statement is true

A

C. Both statements are wrong

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5
Q
  1. In the 16th century world system analyst identify the origin of modernity and globalization. In the 19th century the advent of globalization approaching its modern form is witnessed.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

A. Both statements are true

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6
Q

7 The United States create the International Monetary System as the new monetary system in 1994. IMS helpsin relocating the capital and investments from one nation to another.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

D. First statement is wrong, second statement is true

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7
Q

8 Global South is not always an emergent and provisional internationalism. Because it does not represent theemergent forms of progressive cosmopolitan.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

C. Both statements are wrong

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8
Q
  1. Europe was the central global force in the early modern world economy. Globalization is an external phenomenon being pushed into the region by world power particularly the United States and Europe.

A. Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

D. First statement is wrong, second statement is true

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9
Q

10 Pacific Pivot was implemented by the United States to commit more resources and attention to the region. The shift which is also called Atlantic Century was termed Pacific Pivot by US Secretary Hilary Clinton.

A Both statements are true
B. First statement is true, second statement is wrong
C. Both statements are wrong
D. First statement is wrong, second statement is true

A

B. First statement is true, second statement is wrong

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10
Q
  1. The following countries are part of the global south except?
    A. Oceana
    B. Asia
    C. Latin America
    D. Australia
A

D. Australia

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11
Q
  1. It refers to the interconnected histories of colonialism, neo-imperialism, and differential economic and social change through which large inequalities in living standards, life expectancy, and access to resources are maintained.

A Global Divides
B. Global South
C. Global North
D. Globalization

A

B. Global South

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12
Q
  1. Refers to the decentralization of political power or competencies from a higher towards a lower political level.
    A. Internationalism
    B. Regionalism
    C. Market Integration
    D. Intergoverninentalism
A

B Regionalism

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13
Q
  1. Which of the following items is one of the major driving forces of economic globalization?

A. The rapid growing of information in all types of productive activities.
B. The globalization of trade of goods and services
C. The continuous expansion and mutual integration of market frontiers.
D. Increasing of cross-border division of labor which penetrates within the enterprises of different countries.

A

A. The rapid growing of information in all types of productive activities.

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14
Q
  1. It is the global networks of the government and financial institutions that determine the exchange rate of different currencies for international trade.
    A.European Monetary System
    B. European Monetary Integration
    C. International Trade
    D. International Monetary System
A

D. International Monetary System

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15
Q
  1. Nation is an imagined political community and imagined as both inherently limited because!

A. The members of even the smallest nation will never know most of their fellow members, meet them, or even hear then, yet in their minds lives the image of their communion.
B. Regardless of actual inequality and exploitation that may prevail in earth, it is always conceived as a deep horizontal comradeship.
C. It is an independent political community which possesses a government and asserts sovereignty in relation to a particular portion of the earth’s surface and particular segment of human population
D. The concept was born in an age in which enlightenment and revolution were destroying the legitimacy of the divinely ordained.

A

B. Regardless of actual inequality and exploitation that may prevail in earth, it is always conceived as a deep horizontal comradeship.

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16
Q
  1. It was said that globalization is a process wlierein people, services, goods, and information travel throughout the world. What is the best example globalization?

A. Some countries from Asia do not allow migrants and visitors because they feared that this people will destroy their culture.
B. Korean Idol, BTS, ate Filipino foods, learned Filipino language, and visited Philippine famous tourists’ destination during their stay in the country.
C. North Korea, still practice traditional way of living despite having connections with China and Russia.
D. Different religions became known to different nations; however, some religious followers do not accept same sex marriage which also brought by globalization.

A

B. Korean Idol, BTS, ate Filipino foods, learned Filipino language, and visited Philippine famous tourists’ destination during their stay in the country.

17
Q
  1. Requires coordinated monetary and fiscal policies as well as labor market, regional development, transportation and industrial policies.
    A. Custom Union
    B. Economic Union
    C. European Union
    D. Economic and Monetary Union
A

B. Economic Union

18
Q
  1. Collection of individuals and groups often referred to as a “movement of movements” who advocate fair trade rules and are negative to current institutions of global economics such as the World Trade Organizations.
    A. Social Movement
    B. Global Justice Movement
    C. Transnational Activism
    D. New Transnational Activism
A

B. Global Justice Movement

19
Q
  1. Which of the following is not a factor that led to the increase and acceleration of movement of people, information, commodities, and capital.
    A. Environmental Pollution
    B. Lifting of Trade Barriers
    C. Swift Technological Progress
    D. Liberalization of World Capital Markets
A

A. Environmental Pollution

20
Q
  1. One major ideological claims of advocates of globalism states that, globalization is about the liberalization and global integration of markets. What do we mean by this?

A. Globalists talk about the benefits of market liberalization such as rising global living standards, economic efficiency, individual freedom, and technological progress.
B. The problem with this claim is that liberalization and integration of markets happen through political project of engineering free markets by interference of centralized state power, and it is in contrast to the neoliberal ideal of limited role of governments.
C. Globalists believe that spread of market forces driven by technological innovations is inevitable in globalization. Neoliberals use this claim to convince people to adopt the natural discipline of the market if they want to prosper, which implies the elimination of government controls over the market.
D. This claim seeks to depoliticize the public debate on globalization and neutralizing anti-globalist movements.

A

B. The problem with this claim is that liberalization and integration of markets happen through political project of engineering free markets by interference of centralized state power, and it is in contrast to the neoliberal ideal of limited role of governments.

21
Q
  1. CleanMe corporation signed a contract with WhitaGlow that they will disclose the private information of their employees. However, they did not follow what is in the contract and did not give the needed compensation to WhiteGlow. What type of justice did CleanMe ignored?

A. Social Justice
B. Distributive Justice
C. Commutative Justice
D. Procedural Justice

A

C. Commutative Justice

22
Q
  1. BRICS stands for the combined economies of __________.
    A. Bahrain, Russia, Iran, Columbia and South Korea
    B. Brunei, Russia, Iraq, China and Saudi Arabia
    C. Brazil, Russia, Indonesia, Cambodia and Singapore
    D. Brazil, Russia, India, China and South Africa
A

D. Brazil, Russia, India, China and South Africa

23
Q
  1. The first multilateral agreement covering trade in services which was negotiated during the fast round of multilateral trade negotiations, called the Uruguay Round, and came into force in. 1995.
    A. Market Integration
    B The General Agreement on Trade in Services
    C. General Agreement on Tariffs and Trade
    D. Foreign Direct Investment
A

B The General Agreement on Trade in Services

24
Q

25 The following are the functions that can be created by Chief financial officers (CFOS) through exploiting their internal capital markets EXCEPT
A. Financing
B Risk Management
C. Marketing
D. Capital Budgeting

A

C. Marketing

25
Q
  1. Global governance is also known as ______
    A. Globe Governance
    B World Governance
    C Whole Governance
    D. Great Governance
A

B World Governance

26
Q
  1. Emergence of gigantic and virtually identical shopping malls in all continents to cater to consumers who can afford commodities all over the world-including products whose various components were manufactured in different countries. This example suggests that globalization?

A. Involves both the creation of new social networks and the multiplication of existing connections that cut across traditional, political, economic, cultural, and geographical
boundaries.
B. Globalization involves the intensification and acceleration of social exchanges and activities.
C. Globalization processes do not occur merely or an objective, material level but they also involve the subjective plane of human consciousness.
D. Globalization is reflected in the expansion and the stretching of social relations, activities, and connections.

A

D. Globalization is reflected in the expansion and the stretching of social relations, activities, and connections.

27
Q
  1. Which is not element of a state?
    A. Territory
    B. People
    C. Sovereign Power
    D. Government
A

D. Government

28
Q

29, One can find more customers in a country whose economy is vibrant and expanding in lieu of stagnant local and domestic economy or market share that has hit a plateau. The given statement is an example of _______
A. Global Corporation
B. Market Integration
C. World Governance
D. Foreign Direct Investment

A

A. Global Corporation

29
Q
  1. Globalization is spatial because it occurs in physical places. Which of the following does not support the statement?

A. Foreign investments and capital move through cities
B. People start purchasing high rise condoninium
C. More poor people are driven out of city centers
D. Cities act on globalization and globalization acts on cities.

A

C. More poor people are driven out of city centers

30
Q
  1. The following are the countries that is included in some of the world’s most economically developed states such as Japan, South Korea, Singapore, and
    ______.
    A. China
    B. India
    C. Taiwan
    D. Laos
A

C. Taiwan

31
Q
  1. Mr. Pablo get an offer to have a partnership with the international company, StartUp Corp. He is responsible for the production and trading of their product in the entire Asia. In what dimension of Economic Globalization will this example fall?
    A. The globalization of technology and communication
    B. The globalization of trade of goods and services
    C. The globalization of production
    D. The globalization of financial and capital markets
A

B. The globalization of trade of goods and services

32
Q
  1. Coco.Nut Corp. is a good company; they produce their product in good qualities in which people loved. And because of that they were able to export their product all over the world and they were able to have their own branch all over the Asia.
    A. The globalization of technology and communication
    B. The globalization of trade of goods and services
    C. The globalization of production
    D. The globalization of financial and capital markets
A

C. The globalization of production

33
Q
  1. China produces toys at a cheaper price than the US. If foreign trade increased between the two Countries, toys could be sold to the US more easily, making them more available, thus reducing price. This is an example of?

A Global Corporation
B. Foreign Direct Investment
C. Stock Market Integration
D. Market Integration

A

D. Market Integration

34
Q
  1. Samahang Demokratiko ng Kabataan is an organization of youth and student who pushed for the ideology of National Democracy in the Philippines during the Marcos regime. They wrote articles that provoke the Marcos administration. In what type of transnational activism
    movement does SDK include?
    A. Social Movement
    B. Global Justice Movement
    C. Transnational Activism
    D. New Transnational Activism
A

A. Social Movement

35
Q
A

Contemporary World Quiz (3 decks)

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