Froggy Jumps Economic Globalization QuizOnline version Test your knowledge on the topic of economic globalization with these 10 questions! by Nicnoks 1 What is economic globalization? a The decline of the world's economies b The increasing interconnectedness of the world's economies c The separation of the world's economies 2 What are the 3 trade barriers? a Tariff,Import Quota,Bans b Free Trade,Import Quota,Bans c Free Trade,Trade Bloc,Outsourcing 3 What is outsourcing? a The practice of hiring workers within a company to perform tasks b The practice of firing workers within a company c The practice of hiring workers in other countries to perform tasks for a company 4 What are the 3 ways make trade more easier? a Free Trade,Import Quota,Bans b Free Trade,Trade Bloc,Outsourcing c Tariff,Import Quota,Bans 5 What is a tariff? a A tax on imported goods b A tax on exported goods c A tax on all goods within a country 6 What is a free trade agreement? a An agreement between countries to increase trade barriers b An agreement between countries to reduce or eliminate trade barriers c An agreement between countries to not trade with each other 7 It refers to internationally agreed rules, conventions, and institutions for facilitating international trade , investments and flow of capital among nation-states. a The Bretton Wood System b International Monetary System c Gold Standard 8 What is the World Trade Organization? a An international organization that does not deal with trade b An international organization that promotes trade barriers c An international organization that promotes free trade 9 Who are the actors that facilitate Globalization? a Global Corporation,Gold Standard,Bretton Woods System b Global Corporation,Bretton Woods System,European Monetary System c Gold Standard,Bretton Woods System,European Monetary System 10 It is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade are reduced or eliminated among the participating states. a Bans b Outsourcing c Trade Bloc
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