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The Contemporary World > Quiz > Flashcards

Quiz Flashcards

1
Q

According to Socrates, it is a state in which each class performs only its own work, not meddling in the work of the other classes

A

Justice

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2
Q

The laboring class. The Marxist term for the lowest social or economic class of a community.

A

proletariat

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3
Q

It is a system in which all natural resources and means of production are privately owned

A

capitalism

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4
Q

A just government, dominated by wisdom loving system of government, ruled by the philosopher-king.

A

aristocracy

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5
Q

It is a tax imposed by a government on goods and services imported from another country.

A

Tariff

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6
Q

The process of technological advancement, economic movement and political interconnectedness among nation-states.

A

Globalization

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7
Q

It is based on the Greatest Happiness Principle, which states that actions are considered moral when they promote utility and immoral when they promote the reverse.

A

utilitarianism

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8
Q

A government which rules according to law and hence the power lies in the law.

A

Republic

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9
Q

It centers more on freedom from the government in terms of taxation, freedom from regulation, free flow of capital, freedom of tariffs and quotas.

A

neoliberalism

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10
Q

A government where the rich are the ruling class.

A

Oligarcy

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11
Q

Homogenization stresses new and constantly evolving cultural forms and identities produced by manifold transnational processes and the fusion of distinct cultural processes.

True
False

A

False, hybridition

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12
Q

According to Manfred Steger, “globalization” refers both to the compression of the world and intensification of consciousness of the world as a whole.

True
False

A

True

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13
Q

Regionalization has driven great advances in technology.

True
False

A

False, Globalization

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14
Q

According to Socrates, if a city is happy so are the individuals living in it.

True
False

A

True

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15
Q

Horizontal Market Integration is a competitive strategy of a firm own to own the upstream suppliers and downstream buyers; this is an arrangement in which supply chain of a company is also owned by that company.

True
False

A

False, Vertical Market Integration

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16
Q

Conglomerate Market Integration involves a combination or fusion of companies that are involved in unrelated business activities.

True
False

A

True

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17
Q

Global village is the phenomenon of the world’s culture shrinking and expanding at the same time due to pervasive technological advances that allow for instantaneous sharing of culture.

True
False

A

True

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18
Q

Technology and media has much impact in a world of increasing globalization.

True
False

A

True

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19
Q

Globalization and technology advancements have made significant impacts on various cities around the world thus, the emergence of Global City.

True
False

A

True

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20
Q

The world is becoming more and more connected to one another Because of globalization.

True
False

A

True

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21
Q

Democracy is an agreement between the individual and the society and or the government about upholding certain rights and abiding on certain laws in order to ensure smooth relationship dynamics of citizens in a city or a country.

True
False

A

False

22
Q

Globalism is a wide spread belief among powerful people that the global interaction of economic market be beneficial for everyone.

True
False

A

False, Globality

23
Q

Max Weber defined a state as a polity that maintains monopoly on the legitimate use of violence.

True
Flase

A

True

24
Q

Cultural globalization is the intensification and expansion of cultural flows across the globe.

True or false

A

True

25
Q

Politics is not significant in market integration as they implements guidelines, agreements and rules to keep transaction/trading in peace.

True or false

A

True

26
Q

Economic globalization refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.

True

False

A
27
Q

New globalization is a small organization concentrate on a single issue, or this continental unions addresses a multitude of common problems from territorial defense to food security.

True
False

A

False, New regionalism

28
Q

A democratic country is never an unjust government.

True
False

A

False

29
Q

The International Monetary Fund or IMF is an institution responsible for providing financial assistance for the reconstruction after World War II and the economic development of less developed countries.

True
False

A

False, world bank

30
Q

Anthony Giddens argue that globalization has led to the creation of a “global risk society.”

True
False

A

True

31
Q

It is a trade policy that does not restrict imports or exports.

A

Free trade

32
Q

Conglomerates involves companies that have nothing in common.

A

Pure mergers

33
Q

A major economic revolution when factories popped up and changed how work functioned

A

INDUSTRIAL REVOLUTION

34
Q

It explains the idea of a government which originates from taking control of the state by force. This can be done through revolutions or coups.

A

FORCE THEORY

35
Q

It is an economic development theory which claims that the initial benefits of growth go to the rich, but in the process, it eventually trickles down to the poor.

A

TRICKLE-DOWN THEORY

36
Q

It refers to a technological paradigm that replaces and subsumes the previous paradigm of industrialism.

A

INFORMATIONALISM

37
Q

A political doctrine, in support to monarchical absolutism, asserted that kings derived their authority from God and could not be accountable for their actions by an earthly authority like the parliament.

A

DIVINE RIGHT THEORY

38
Q

It is when governments are established by the people who unite to achieve some goal. Hence, a social contract is an act by which individuals agree to form/establish a government. This theory is also a pro-people/citizen wherein their wellbeing and rights are prioritized.

A

SOCIAL CONTRACT THEORY

39
Q

He proposed the The World System Theory.

A

IMMANUEL WALLERSTIEN

40
Q

It refers to Plato’s argument saying that the just person is happier than the unjust person and that if the city is composed of just persons, then the just city is happier than the unjust cities.

A

CITY-SOUL ANALOGY

41
Q

It is also known as brain hubs or knowledge economy wherein global economic growth and development takes place. It houses businesses, institutions, corporations that makes a city a place that attracts tourist and business ventures.

A

GLOBAL CITY

42
Q

It is the intensification and expansion of political interrelations around the globe.

A

POLITICAL GLOBALIZATION

43
Q

It means that ideas about home, locality and community have been extensively spread around the world in recent years, so that the local has been globalized, and the stress upon the significance of the local or the communal can be viewed as one ingredient of the overall globalization process.

A

Glocalization

44
Q

He is primarily known today for his moral philosophy, especially his principle of utilitarianism, which evaluates actions based upon their consequences.

A

JEREMY BENTHAM

45
Q

Institutions that provide financial support and professional advice for economic and social development activities in developing countries and promote international economic cooperation and stability.

A

INTERNATIONAL FINANCIAL INSTITUTIONS
IF1

46
Q

It is defined as “the process whereby the principles of the fast-food restaurant are coming to dominate more and more sectors of American society and the world.”

A

MCDONALDIZATION THEORY

47
Q

A term used for a type of government which refers to an absolute ruler who is unrestrained by law.

A

Tyrant

48
Q

It is referred to as the intensification of worldwide social relations which links distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.

A

TIME-SPACE DISTANCIATION

49
Q

During this period traded goods were predominantly artisan goods, silk, ceramics, textile, compasses, gun powder from India and China.

A

The silk road

50
Q

It has a goal of creating a system that would facilitate international trade while protecting the autonomous policy goals of individual nations.

A

BRETTON WOODS AGREEMENT

The Contemporary World (2 decks)

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