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Presentation
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Social Studies
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University
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Practice Problem
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Hard
Cristine Madelo
Used 1+ times
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1 Slide • 29 Questions
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2
Multiple Choice
Which of the following groups plays a leading role in ensuring the efficient and profitable operation of capitalist globalization?
Global Institutions
Global or Multinational Corporations (MNCs)
Governments
International Monetary Systems
3
Multiple Choice
The passage states that the oldest known international trade route was the:
Spice Route
Trans-Saharan Trade Network
Silk Road
Maritime Silk Route
4
Multiple Choice
Contemporary economic globalization has its roots in the institutionalization of:
Global corporations
International monetary systems
Global trade agreements
Governments' policymaking
5
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
Governments function as leading policymakers and implementers of globalization's tenets.
6
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
The Silk Road was named because it was a network of pathways that ran exclusively through China.
7
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
Gold and silver were used as a de facto currency in many parts of the world even before modern times.
8
Fill in the Blanks
Which empire closed the operation of the Silk Road?
9
Multiple Choice
According to historians Dennis O. Flynn and Arturo Giraldez, the age of true globalization began when:
The Silk Road reached its maximum profitability.
All important populated continents began to continuously exchange products.
Ocean routes were established to reach Asia from Europe.
The American continent became fully independent.
10
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
The passage argues that the Silk Road was not truly "global" because it did not involve continuous product exchange with the American continent via ocean routes.
11
Multiple Choice
The Bretton Woods system was largely influenced by the ideas of which British economist, who advocated for active government spending to stimulate slowed-down markets?
Adam Smith
David Ricardo
Milton Friedman
John Maynard Keynes
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Multiple Choice
What was the broad goal of adopting the gold standard in 1867?
To return to the ancient system of using gold and silver as de facto currency.
To boost a country's income by compelling it to sell more goods (mercantilism).
To create a common system for more efficient trade and prevent isolationism.
To immediately establish floating currencies no longer redeemable in gold.
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Multiple Choice
This is the global lender of last resort to prevent individual countries from spiraling into a credit crisis.
International Bank for Reconstruction and Development (IBRD) or World Bank
International Monetary Fund (IMF)
General agreement on Tariffs and Trade (GATT)
None of the choices
14
Multiple Choice
This reduces tariffs and other hindrances to free trade.
International Bank for Reconstruction and Development (IBRD) or World Bank
International Monetary Fund (IMF)
General agreement on Tariffs and Trade (GATT)
None of the choices
15
Multiple Choice
This is responsible for funding postwar reconstruction projects.
International Bank for Reconstruction and Development (IBRD) or World Bank
International Monetary Fund (IMF)
General agreement on Tariffs and Trade (GATT)
None of the choices
16
Multiple Choice
Modern-day global corporations can trace their lineage to the era of colonialism primarily because colonizers viewed colonies as:
Independent markets for competitive trade.
Cheap sources of raw materials and markets for surplus goods.
Allies in establishing a unified international monetary system.
Sources of financial capital for European banks.
17
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
The passage argues that the term “free” trade in the colonial context referred to the mutual, unhindered exchange of goods where all parties equally benefited.
18
Multiple Choice
The operations of colonial-era corporations like the East India Companies, which maintained a multinational reach, validate Immanuel Wallerstein's description of a world of:
Transoceanic commerce
Incipient globalization
The gold standard
Core and peripheries
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Multiple Choice
What does historian Jan Aart Scholte call the transoceanic commerce networks and trading posts maintained by prototypical “global corporations” like the East India Companies?
The Silk Road's expansion
Global Keynesianism
Incipient globalization
The World Bank
20
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
According to Arthur Cotterell's account mentioned in the text, the Dutch East India Company's operations in colonial Indonesia provides insight into the link between colonialism and trade.
21
Multiple Choice
What are the two emphasized goals of the World Bank Group (WBG)?
Promote exchange stability and facilitate international trade expansion.
To end extreme poverty and promote shared prosperity in a sustainable way.
Make resources available to members experiencing trade deficits and fund industrialization.
Establish a multilateral system of payments and enforce trade liberalization policies.
22
Fill in the Blanks
Write CRIS if the statement is true and TINE if it is false.
The debt trap, as described by critics like Alejandro Lichauco, refers to the inability of developing countries to free themselves from debts due to loans that structurally bind them to policies like privatization and premature trade liberalization.
23
Multiple Choice
One of a few institutions that dominate the system of "global governance without global government.
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank (WB)
None of the choices
24
Multiple Choice
A forum for governments to negotiate trade agreements and settle trade disputes.
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank (WB)
None of the choices
25
Open Ended
In your own opinion, what is the most pressing concern that developing countries should address under globalization? How should it be addressed? Answer in 3 sentences only.
26
Multiple Choice
Which group is often relegated to the sidelines and left almost voiceless in the decision-making "board rooms" of global powerhouses?
Bureaucrats, diplomats, and economists
Finance, commerce, and trade ministers
Farmers, workers, indigenous people, and migrants
Mainstream economists like Stiglitz
27
Multiple Choice
Economically, the Global North is characterized as:
Africa, Latin America, and developing countries of Asia
Nations with a GDP per capita below the world's GDP per capita
The rich and developed parts of the world
Peripheral countries undergoing austerity measures
28
Multiple Choice
Which of the following regions/countries is explicitly included in the Global North?
Latin America
Southwest Asia (Middle East)
South Korea
Developing countries of Asia
29
Open Ended
What is cyclical roadblocks? Answer in one sentence only.
30
Open Ended
Compare the conditions of Latin America and the Philippines under Globalization. Answer in three sentences only.
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