UNIVERSIDAD DE ZAMBOANGA

PAGADIAN CAMPUS
Zone 4, Airport Rd., Brgy Tiguma Pagadian City
Telephone No. 215-8148
GEC DEPARTMENT
PRE-MID EXAMINATION

GEC 3: CONTEMPORARY WORLD

“Cheating is Easy. At least try to do something more challenging; like being honest and faithful.”

Name: ___________________________________________________ Course & Year: _____________ Date: _________

Score: _____

GENERAL INSTRUCTIONS:
o USE BLACK AND BLU BALLPEN ONLY.
o STRICTLY NO ERASURES OR SUPERIMPOSITIONS.
o ANY FORM OF COMMUNICATION BY MEANS OF WORDS, SIGNS, GESTURES, CODES AND OTHER SIMILAR ACTS
WHICH ENABLES YOU TO EXCHANGE, IMPART OR ACQUIRE INFORMATION IS CONSIDERED CHEATING.

I. Multiple Choice: WRITE THE LETTER OF YOUR BEST ANSWER ON THE SPACE PROVIDED BEFORE THE NUMBER

_____ 1. Contemporary world is also known as the ___.

a. World of past c. 21st century
b. Modern world
_____ 2. The following are the characteristics of globalization, EXCEPT ____.
a. With border interaction. c. It is an active on-going process.
b. There is an intensification of interaction.
_____ 3. He coined the term “Corporate Giants” referring to a large national trust and large enterprises of the time.
a. Theodore Levitt c. Charles Taze Russel
b. David Ricardo
_____4. On what year does the word “Globalization” was coined?
a. 1970’s c. 1990’s
b. 1980’s
_____ 5. He popularized Globalization.
a. Theodore Levitt c. Charles Taze Russel
b. David Ricardo
_____ 6. The following are the basic aspects of globalization identified by IMF, EXCEPT ____.
a. Migration and Movement of People c. The Dissemination of Goods and Enterprises
b. The Capital and Investment Movements
_____ 7. On what year does globalization used to define “borderless society”?
a. 2012 c. 2014
b. 2013
_____ 8. On what year does globalization was often used in the Academe?
a. 2016 c. 2018
b. 2017
_____ 9. On what year does globalization was now used in all discipline?
a. 2016 c. 2018
b. 2017
_____ 10. The following are the indicators of globalization, EXCEPT ____.
a. Economic globalization, cultural c. Independence of countries in different
globalization, and political globalization. social aspects.
b. Advancement of science and technology.
_____ 11. The following are the reasons of globalization, EXCEPT ____.
a. Domestic markets are still rich as a c. Rapid shrinking of time and distance across
consequence of many interlocking factors. the globe.
b. To be close to raw materials and to markets
for their finished products which are not
available in the country of origin
_____ 12. What does WTO stand for?
a. World Trade Office c. World Trade Organization
b. World Transportation Organization
_____ 13. In the stages of globalization, in this stage, global localization happens, that is, the company/institution serves
local customers in markets around globe responding to their needs.
a. Stage 3 c. Stage 5
b. Stage 4
_____ 14. In the stages of globalization, in this stage, he domestic-based company institution begins to carry out its own
manufacturing marketing and sales in key foreign markets.
a. Stage 2 c. Stage 4
b. Stage 3
_____ 15. In the stages of globalization, in this stage, an essentially domestic company/institution which moves into new
market overseas by linking up with local dealers and distributors.
a. Stage 1 c. Stage 3
b. Stage 2
_____ 16. In the stages of globalization, in this stage, the company/institution moves to a full insider position in these
markets supported by a complete business system including Research and Development and engineering.
a. Stage 3 c. Stage 5
b. Stage 4
_____ 17. In the stages of globalization, in this stage, the company/institution takes over activities on its own.
a. Stage 1 c. Stage 3
b. Stage 2
_____ 18. This organization helps producer of goods/services protect and manage their businesses.
a. IMF c. WTO
b. WBO
_____ 19. The following are the merits of globalization, EXCEPT ____.
a. Exploitation of underdeveloped countries. c. An open economy spurs fast innovation
b. Exports jobs often pay more than other with fresh ideas from abroad.
jobs.
_____ 20. The following are the demerits of globalization, EXCEPT ____.
a. Harmful effects on small industries and b. Productivity grows more quickly when
small business. countries produce goods and services.
c. Widening of rich-poor gap.
_____ 21. This refers to an enlargement and strengthening of political interrelations across the globe.
a. Socio-political dimension c. Political dimension
b. Social dimension
_____ 22. It highlights the complex and often conflicting ways in which religion and globalization intersect.
a. Cultural dimension c. Economic dimension
b. Religious dimension
_____ 23. This refers to the extensive development of economic relations across the globe as a result of technology and
the enormous flow of capital.
a. Political dimension c. Economic dimension
b. Ideological dimension
_____ 24. This refers to the increase in the number of cultural flows across the globe.
a. Cultural dimension c. Ideological dimension
b. Socio-cultural dimension
_____ 25. The Global Economy is also referred to as ____.
a. World Economy c. Giant Economy
b. Modern Economy
_____ 26. Prices among different location or related goods follow the same pattern over a long period of time, then this
integration exist.
a. Global integration c. Economy integration
b. Market integration
_____ 27. What does IFI stand for?
a. International Financial Incorporated c. International Finance Institutions
b. International Financial Institutions
_____ 28. What does IMF stand for?
a. International Money Fund c. International Monetary Fund
b. International Monetary Fundamental
_____ 29. Multilateral Development Banks (MDBs) includes the following banks, EXCEPT ____.
a. Inter-American Development Bank c. African Development Bank
b. Bangko Central ng Pilipinas
_____ 30. The two types of Economic Globalization are ____.
a. Liberalism and Capital c. Protectionism and Trade Liberalization
b. Trading and Manufacture
_____ 31. What does interstate system mean?
a. a system of competing and allying states c. are defined by the existence of a division of
b. a multi-state political structure and labor.
therefore its division of labor is
international division of labor.
_____ 32. It is the whole system of human interactions.
a. International Interstate System c. World Interstate System
b. Global Interstate System
_____ 33. A zone that includes the low-income countries, whose natural resources or labor support the wealthier
countries.
a. Core Zone c. Periphery Zone
b. Semi-Periphery Zone
_____ 34. A zone that has high income nations in the world economy. This is the manufacturing base of the planet where
resources funnel in.
a. Core Zone c. Periphery Zone
b. Semi-Periphery Zone
_____ 35. A zone that includes the middle-income countries, and it has closer ties to the global economic core.
a. Core Zone c. Periphery Zone
b. Semi-Periphery Zone

II. Identification: IDENTIFY WHAT IS BEING ASKED ON THE FOLLOWING QUESTIONS. WRITE YUR ANSWER ON THE
SPACE PROVIDED BEFORE THE NUMBER.

________________________ 1. This refers to the process of the world becoming more interconnected through the
integration of markets, politics, and cultures.
________________________ 2. This refers to the influence of Western culture and values on non-Western societies.
________________________ 3. This refers to the process of countries or organizations expanding their activities beyond
their national borders.
________________________ 4. Refers to the international exchange of goods and services.
________________________ 5. It is a process of protecting one’s economy from foreign competition by creating trade
barriers.
________________________ 6. A process of reducing trade barriers to make international trade easier between
countries.
________________________ 7. An agreement made between governments to reduce or eliminate trade barriers.
________________________ 8. It is an example of a trade barrier which are required fees on imports or exports.
________________________ 9. It is a process of trading goods or services between two or more countries without
tariffs or taxes.
________________________ 10. Occurs when a country can produce a good/service at a lower cost than other
countries.

Prepared by: JESSA MAE A. ALBARACIN, LPT

Instructor

Approved by: EDUARDO D. DANDA II, RMT, MAED, MSMT

School Administrator