#1
Which of the following is NOT a characteristic of economic globalization?
Increased international trade
Reduced barriers to the movement of goods and services
Limited flow of capital across borders
Integration of financial markets
#2
Which of the following is a potential positive impact of economic globalization?
Decrease in income inequality
Loss of cultural diversity
Increase in environmental degradation
Greater access to new markets
#3
Which of the following best defines economic globalization?
The process of opening national economies to international trade and investment
The dominance of a single global currency
The formation of economic alliances among neighboring countries
The restriction of international financial flows
#4
Which industry has been significantly impacted by economic globalization due to outsourcing and offshoring of production?
Manufacturing
Agriculture
Healthcare
Education
#5
Which of the following is a measure of economic globalization that considers the flow of goods, services, and investments across national borders?
Gross Domestic Product (GDP)
Human Development Index (HDI)
Foreign Direct Investment (FDI)
Consumer Price Index (CPI)
#6
What term describes the process by which economic policies influence and are influenced by global events and trends?
Internationalization
Economic nationalism
Economic interdependence
Economic integration
#7
Which organization is primarily responsible for setting global trade rules and resolving disputes among member countries?
World Health Organization (WHO)
World Trade Organization (WTO)
International Monetary Fund (IMF)
United Nations (UN)
#8
What is a potential consequence of economic globalization on labor markets in developed countries?
Increased job security
Decreased wages for low-skilled workers
Limited opportunities for entrepreneurship
Decreased demand for highly skilled workers
#9
Which of the following is an example of a supranational organization that promotes economic integration among member states?
European Union (EU)
North Atlantic Treaty Organization (NATO)
Organization of Petroleum Exporting Countries (OPEC)
Association of Southeast Asian Nations (ASEAN)
#10
What is a major criticism of economic globalization related to environmental sustainability?
Increase in renewable energy usage
Excessive resource exploitation
Strict adherence to environmental regulations
Promotion of eco-friendly technologies
#11
What is a criticism often leveled against economic globalization?
Increased economic growth
Enhanced cultural preservation
Widening income inequality
Reduced competition
#12
What is the term used to describe the phenomenon where multinational corporations exert significant influence over global economic policies and practices?
Economic nationalism
Corporate globalization
Protectionism
Economic isolationism
#13
What is a potential social impact of economic globalization?
Increased cultural homogeneity
Decreased migration
Less social inequality
Reduced access to education
#14
Which of the following factors contributes to the resistance against economic globalization?
Increased cultural exchange
Expansion of multinational corporations
Desire for economic interdependence
Concerns about loss of national sovereignty
#15
Which of the following is an example of a policy aimed at mitigating the negative impacts of economic globalization?
Trade liberalization
Income tax cuts for the wealthy
Social safety nets for vulnerable populations
Deregulation of financial markets