Globalization and Economic Growth Quiz
Test your knowledge on globalization, economic drivers, impacts, and international organizations influencing global economy. Take the quiz now!
#1
Which of the following is a characteristic of globalization?
Increased interdependence among countries
Isolation and self-sufficiency
Limited cross-border communication
Strict national boundaries
#2
What is the main driver of economic globalization?
Technological advancements
Isolationist policies
National self-sufficiency
Cultural homogeneity
#3
Which organization is primarily responsible for promoting international trade and economic cooperation?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
United Nations (UN)
#4
What is the impact of globalization on cultural diversity?
Promotes cultural homogeneity
Preserves cultural diversity
Encourages isolationism
No impact on culture
#5
Which economic sector is most influenced by globalization?
Agriculture
Manufacturing
Services
Mining
#6
What is the term for the reduction or elimination of trade barriers between countries?
Protectionism
Tariffication
Trade liberalization
Trade embargo
#7
In the context of globalization, what does FDI stand for?
Foreign Domestic Investment
Foreign Direct Investment
Free Distribution Index
Fiscal Development Initiative
#8
What is a potential drawback of globalization on developing economies?
Increased access to global markets
Limited foreign investment
Income inequality
Stagnant technological growth
#9
Which term refers to the process by which a country's economy becomes more integrated with the global economy?
Nationalization
Localization
Globalization
Industrialization
#10
What is the role of multinational corporations in globalization?
Promoting isolationism
Limiting economic growth
Facilitating global economic integration
Strengthening national boundaries
#11
In which decade did globalization accelerate significantly?
#12
What is a key factor contributing to income inequality in the context of globalization?
Equal distribution of resources
Access to education
Global trade policies
Technological advancements
#13
Which country is often cited as an example of a successful economic transformation through globalization?
North Korea
Cuba
China
Venezuela
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