6/6/23, 8:54 AM FINAL EXAMINATION

FINAL EXAMINATION
Test I

* Indicates required question

1. Email *

2. Name/Course & Year: *

3. The spread of products, technology, information, and jobs across national * 1 point
borders and cultures.

Mark only one oval.

Industrialization

Privatization

Globalization

4. It describes an interdependence of nations around the globe fostered * 1 point

through free trade.

Mark only one oval.

Globalization

Industrialization

Privatization

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5.  The speedup of movements and exchanges all over the planet. * 1 point

Mark only one oval.

Privatization

Globalization

Industrialization

6. The increased interconnectedness and interdependence of peoples and * 1 point

countries.

Mark only one oval.

Industrialization

Privatization

Globalization

7. The opening of international borders to increasingly fast flows of goods, * 1 point

services, finance, people and ideas.

Mark only one oval.

Globalization

Industrialization

Privatization

8. The changes in institutions and policies at national and international levels * 1 point
that facilitate or promote such flows.

Mark only one oval.

Privatization

Globalization

Industrialization

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9. It is a transplanetary process or a set of processes involving increasing * 1 point

liquidity and the growing multi-dimensional flows of people, objects, places
and information.

Mark only one oval.

Industrialization

Privatization

Globalization

10. People, things, information, and places "harden" over time and therefore * 1 point
have limited mobility.

Mark only one oval.

Globality

Solidity

Liquidity

11. Describes a world in which barriers exist and are erected to prevent the * 1 point
movement of all sort of things.

Mark only one oval.

Solidity

Liquidity

Globality

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12. Increasing ease of movement of people, things, information, and place in * 1 point
the global.

Mark only one oval.

Liquidity

Globality

Solidity

13. Movement of people,  things, information, and places due in part to the * 1 point

increasing porosity of global barriers.

Mark only one oval.

Free Trade

Flows

Globality

14. Includes everything we all buy, sell, and own on this planet. * 1 point

Mark only one oval.

Multinational Corporations

Economies of Scale

Global Economy

15. Economies of the countries being intertwined and interdependent that they * 1 point
all seem like parts of one whole.

Mark only one oval.

Global Economy

Multinational Corporations

Economies of Scale

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16. Economies of the World, the economy of every country. * 1 point

Mark only one oval.

International Trade

Global Economy

Economies of Scale

17. One giant economy, one giant entity. * 1 point

Mark only one oval.

Free Market Economy

Global Economy

International Trade

18. Planning, producing, placing, or creating and promoting a company’s * 1 point

products or services in the global market.

Mark only one oval.

Comparative Advantage

Global Marketing

Economies of Scale

19. Two or more countries relying on each other. * 1 point

Mark only one oval.

Sovereignty

Interdependence

Recognition

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20. It compels a country to specialize in producing only those goods and * 1 point

services which it can produce more effectively and efficiently.

Mark only one oval.

Opportunity Cost

Economies of Scale

Comparative Advantage

21. It's the value you have lost after choosing an option. * 1 point

Mark only one oval.

Comparative Advantage

Opportunity Cost

Economies of Scale

22. The higher you increase your production, the lesser also the cost of * 1 point

production will be spent.

Mark only one oval.

Economies of Scale

Comparative Advantage

Opportunity Cost

23. The economic benefit of consumer to raise their own income when buying * 1 point
goods and services.

Mark only one oval.

Consumer Surplus

Opportunity Cost

Purchasing Power

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24. It controls the price and production of goods and services in the local * 1 point
market.

Mark only one oval.

Domestic Monopolies

Consumer Surplus

Opportunity Cost

25. Its purpose is to promote free and fair trade through multilateral talks and * 1 point
negotiations, and to arbitrate between countries that are in dispute.

Mark only one oval.

United Nations

Bretton Woods System

World Trade Organization

26. It was the replacement of GATT (General Agreement on Tariffs and Trade). * 1 point

Mark only one oval.

World Bank

International Monetary Fund

World Trade Organization

27. How many member-states are there in WTO? * 1 point

Mark only one oval.

178

267

164

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28. It is an agreement wherein world leaders sought to create a global * 1 point

economic system that ensure a longer-lasting global peace.

Mark only one oval.

United Nation

World Trade Organization

Bretton Wood System

29. It is a major economic agenda wherein it eradicates trade barriers such as * 1 point

high tariffs/tax and trade discrimination.

Mark only one oval.

Free Trade

Economies of Scale

Opportunity Cost

30. The only global international organization dealing with the rules of trade * 1 point

between nations.

Mark only one oval.

Bretton Wood System

United Nation

World Trade Organization

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31. Its purpose is to create an efficient foreign exchange system, preventing * 1 point

devaluations of currencies and promoting international economic growth.

Mark only one oval.

World Trade Organization

Bretton Wood System

United Nation

32. One of the several global banks that provides loan to troubled-economies to * 1 point
promote a stable world-economy.

Mark only one oval.

International Monetary Fund

World Bank

Development Bank of the World

33. It is otherwise known as the International Bank for Reconstruction and * 1 point
Development.

Mark only one oval.

Development Bank of the World

International Monetary Fund

World Bank

34. It is a global bank wherein one of its purposes is to reduce extreme poverty. * 1 point

Mark only one oval.

World Bank

Development Bank of the World

International Monetary Fund

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35. One of the several global banks wherein it monitors exchange rate and * 1 point
stabilizes international monetary system.

Mark only one oval.

International Monetary Fund

World Bank

Development Bank of the World

36. One of the biggest borrowers of IMF. * 1 point

Mark only one oval.

Pakistan

Mexico

Colombia

37. It is a legal recognition of the significance of links between intellectual * 1 point

property and trade.

Mark only one oval.

Trade Related Investment Measures

Trade Related Aspect on Intellectual Property Rights

International Trade Policy on Intellectual Property Rights

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38. It is a WTO agreement that provides ample room for members to strike a * 1 point
balance between the long term benefits of incentivizing innovation and the
possible short term costs of limiting access to creations of the mind.

Mark only one oval.

International Trade Policy on Intellectual Property Rights

Trade Related Investment Measures

Trade Related Aspect on Intellectual Property Rights

39. It is a WTO agreement which plays a central role in facilitating trade in * 1 point
knowledge and creativity, in resolving trade disputes over IP, and in
assuring WTO members the latitude to achieve their domestic policy
objectives.

Mark only one oval.

Trade Related Aspect on Intellectual Property Rights

International Trade Policy on Intellectual Property Rights

Trade Related Investment Measures

40. It is a WTO agreement that restricts preference of domestic firms and * 1 point
thereby enable international firms to operate more easily within foreign
markets.

Mark only one oval.

Trade Related Aspect on Intellectual Property Rights

Trade Related Investment Measures

International Trade Policy on Intellectual Property Rights

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41. In this agreement, it states that WTO members may not apply any measure * 1 point
that discriminates against foreign products or that leads to quantitative
restrictions, both of which violate basic WTO principles.

Mark only one oval.

Trade Related Investment Measures

International Trade Policy on Intellectual Property Rights

Trade Related Aspect on Intellectual Property Rights

42. It is a concept of international law that declares if a state provides certain * 1 point
rights and privileges to its own citizens, it also should provide equivalent
rights and privileges to foreigners who are currently in the country.

Mark only one oval.

Most Favored Nation

National Treatment

Fair Trade Policy

43. It is a concept of international law that requires a country to provide any * 1 point
concessions, privileges, or immunities granted to one nation in a trade
agreement to all other World Trade Organization member countries.

Mark only one oval.

Fair Trade Policy

Most Favored Nation

National Treatment

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44. It is a regional grouping that promotes economic, political, and security * 1 point
cooperation among its ten members: Brunei, Cambodia, Indonesia, Laos,
Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. 

Mark only one oval.

Asia-Pacific Economic Cooperation

Association of Southeast Asian Nations

Asian Nations Integration

45. It is a regional integration process, initially established by Argentina, Brazil, * 1 point

Paraguay and Uruguay, and subsequently joined by Venezuela and Bolivia.

Mark only one oval.

European Union

North American Free Trade Agreement

MERCOSUR

46. Which of the following is not a member of the Organization for Economic * 1 point
Cooperation and Development (OECD)?

Mark only one oval.

Latvia

Estonia

Romania

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47. This country left European Union (EU) in 2020. * 1 point

Mark only one oval.

Czech Republic

Sweden

United Kingdom

48. It is a regional organization that reduced or eliminated tariffs on imports and * 1 point
exports between the three participating countries, (USA, Canada and
Mexico) creating a huge free-trade zone.

Mark only one oval.

MERCOSUR

Organization for Economic Cooperation and Development

North American Free Trade Agreement

49. It is the second largest economy in the world in nominal terms, after the * 1 point
United States, and the third one in purchasing power parity (PPP) terms,
after China and the United States

Mark only one oval.

Asia Pacific Economic Cooperation

European Union

North American Free Trade Agreement

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50. It is a regional organization which aims to regulate the supply of oil in order * 1 point
to set the price on the world market.

Mark only one oval.

Association of Southeast Asian Nations

Organization for Economic Cooperation and Development

Organization of Petroleum Countries

51. Which of the following is not a chamber of United Nations? * 1 point

Mark only one oval.

General Assembly

Universal Access to Health

Secretariat

52. This is where international law violations are debated and prosecuted. * 1 point

Mark only one oval.

Security Council

Trusteeship Council

International Court of Justice

53. It exist to prevent conflict on a large scale and promoting peace through * 1 point
diplomacy or sanctions.

Mark only one oval.

Security Council

Trusteeship Council

International Court of Justice

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54. It was created in 1940’s to help developing territories and dependencies to * 1 point
be independent countries.

Mark only one oval.

Security Council

Trusteeship Council

International Court of Justice

55. Who leads the Secretariat in the United Nations? * 1 point

Mark only one oval.

Secretary General

Chief Administrative Officer

Ambassador

56. It helped a lot of countries gain their independence. * 1 point

Mark only one oval.

Security Council

Trusteeship Council

International Court of Justice

57. For a country to become member of the UN, it must have, at least, meet the * 1 point
organization's standard requirement and that is?

Mark only one oval.

Recognition

Sovereignty

Influence

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58. They are the permanent non-member observer states of UN. * 1 point

Mark only one oval.

USA and Canada

Vatican City and Palestine

France and Germany

59. Which of the following is not a permanent member of the UNs' security * 1 point
council?

Mark only one oval.

Japan

Russia

Germany

60. This is one of the privileges of being a permanent member of the UNs' * 1 point
Security Council.

Mark only one oval.

Veto Power

Referent Power

Coercive Power

61. The Security Council's resolutions are carried out by? * 1 point

Mark only one oval.

UN Members

UNs' Secretary General

UNs' Peacekeeping Force

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62. It is the judicial arm of the United Nations. * 1 point

Mark only one oval.

International Court of Justice

General Assembly

Security Council

63. It is a kind of international forum, where international laws can be passed, * 1 point

international dispute and issues can be settled or weigh-in on, and

violations on international law be efficiently dealt with.

Mark only one oval.

United Nations

World Trade Organization

World Health Organization

64. It defines the legal responsibilities of States in their conduct with each other, * 1 point

and their treatment of individuals within State boundaries.

Mark only one oval.

International Law

International Court of Justice

Security Council

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65. It is a measure of how easily information and ideas pass between people in * 1 point
their own countries and between different countries.

Mark only one oval.

Economic Globalization

Social Globalization

Political Globalization

66. Which of the following is not an effect of Globalization? * 1 point

Mark only one oval.

Cultural Impact

Division of Labor

Job Security and Stability

67. It is the major player and the strong actor in the process of Globalization. * 1 point

Mark only one oval.

World Leaders

Member Countries

Multinational Corporations

68. Which of the following is not a type of Globalization? * 1 point

Mark only one oval.

Globalization for Political Cooperation

Globalization for the Exchange of Ideas and Information

Globalization for Development and Sustainability

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69. Which of the following is not a Multinational Corporation? * 1 point

Mark only one oval.

Microsoft

Jollibee

Apple

70. Which of the following is not a definite concept of Globalization? * 1 point

Mark only one oval.

Movement towards economic, financial, communications and trade integration

Decline in the importance of the nation state

Strengthens local and domestic market

71. Which of following effects of globalization best describes the statement: * 1 point
"MNCs can create monoculture as they remove local competition and
thereby force local firms to close."

Mark only one oval.

Cultural Impact

Division of Labor

Less Job Security

72.  It refers to a country and its government. * 1 point

Mark only one oval.

Nation

State

Political Community

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73. It refers to a social group that is linked through common decent, culture, * 1 point
language, or territorial contiguity.

Mark only one oval.

Nation

State

Political Community

74. It is a system of heightened interaction between various sovereign states, * 1 point

particularly the desire for greater cooperation and unity among states and
peoples.

Mark only one oval.

Internationalism

Globalization

Recognizing Sovereign States

75. The following are what constitute a state except ONE. * 1 point

Mark only one oval.

Sovereignty

Recognition

Wealth and Influence

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76. It is an integration of subgroups that define themselves as nation with the * 1 point
organizational structure of the state.

Mark only one oval.

State

Political Community

Nation-state

77.  The following are factors that threaten the autonomy of a nation-state * 1 point

except ONE.

Mark only one oval.

Emergence of Local/Domestic Markets

New Social Movements

Flows of Information

78. It is continuous process of balancing different interests and initiating * 1 point

cooperative actions between and among states through the coordination of
national policies and identification of shared norms and rules.

Mark only one oval.

International Trade

Global Governance

Interstate System

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79. It is the socio-economic and political division that exist s between the * 1 point
wealthy developed countries and poorer developing countries.

Mark only one oval.

East-West Divide

North-South Divide

South-East Divide

80. It was developed as a way of showing how the world was geographically * 1 point
split into relatively richer and poorer nations.

Mark only one oval.

International Date Line

Brandt Line

East-West Borderline

81. Which of the following is not a member of G8? * 1 point

Mark only one oval.

Italy

Germany

Sweden

82. When did the idea of categorizing countries by their economic and * 1 point
developmental status began?

Mark only one oval.

After the World War I

Before the World War II

During the Cold War

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FINAL EXAMINATION

Test II

Simplified True or False

Instruction: Read each statement carefully and identify whether it is True or False. (1 point each)

83. Globalization aims to strengthen and  preserve nation-state. * 1 point

Mark only one oval.

True

False

84. International trade looks at how trade has shaped the global economy and * 1 point
considers the cost and benefits of free trade.

Mark only one oval.

True

False

85. Nation-state describes a world in which barriers exist and are erected to * 1 point

prevent the movement of all sort of things.

Mark only one oval.

True

False

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86. The Bretton Woods System is a second try to the General Agreement on * 1 point

Tariffs and Trades (GATT).

Mark only one oval.

True

False

87. In the global economy jobs are becoming stable and permanent. * 1 point

Mark only one oval.

True

False

88. Countries trade with each other, when, on their own, they do not have the * 1 point
resources, or capacity to satisfy their own needs and wants.

Mark only one oval.

True

False

89. Multinational corporations are the strong actor in economic globalization. * 1 point

Mark only one oval.

True

False

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90. The emergence of domestic monopolies is caused by the advent of * 1 point

international trade.

Mark only one oval.

True

False

91. In trade, certain industries do not get the chance to grow. * 1 point

Mark only one oval.

True

False

92. Trade can lead to sustainable job because companies tend to practice more * 1 point
on over-specialization.

Mark only one oval.

True

False

93. IBRD stands for Institute for Budget Realignment and Disbursement * 1 point

Mark only one oval.

True

False

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94. Japan is the last major nation to join the World Trade Organization. * 1 point

Mark only one oval.

True

False

95. IMF stands for International Management of Funds * 1 point

Mark only one oval.

True

False

96. Members of World Bank is open to all independent nations. * 1 point

Mark only one oval.

True

False

97. The United Nations is the governing body of interstate system. * 1 point

Mark only one oval.

True

False

98. The issue on human rights is a threat to the autonomy of the nation. * 1 point

Mark only one oval.

True

False

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6/6/23, 8:54 AM FINAL EXAMINATION

99. Philippines is a First World Country. * 1 point

Mark only one oval.

True

False

100. Opposing political and economic ideologies is the main reason of Cold * 1 point
War.

Mark only one oval.

True

False

101. China is part of the Group of 8 (G8). * 1 point

Mark only one oval.

True

False

102. There is a growing awareness of the positive impacts of Globalization. * 1 point

Mark only one oval.

True

False

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