A conclusion that can be drawn from the cartoon is that

Despite social concerns, consumers will act in their own economic interest

Which of the following is not a goal of transnational corporations?

Search for a solution to climate change

Which of the following would not be considered a transnational corporation?

a grocery store in China that only buys from local farmers

The main economic issue for developing nations with regards to transnationals is

access to industrial development at expense of labour laws

What is the purpose of the World Trade Organization?

Deals with the rules of trade between nations

All of the following have contributed to the spread of capitalism internationally, except

Increased concern about environmental sustainability

To encourage a TNC to move to an developing nation, that nation could

guarantee a cheap labour supply

From an economic perspective, globalization would be best described as

the process of expanding world trading networks and economic agreements

Which of the following best describes an advantage of the World Trade Organization?

Member nations are given access to free trade without discrimination

What is a key difference between a developed and developing country?

Developed countries have better infrastructure and services.

Movement promoting paying people living wages and safe working conditions

The cartoonist is likely presenting the idea that

transnational corporations always look for new markets

Under a system of floating exchange rates, the value of a country's currency is determined by

global stock markets and investor confidence in a country's economy

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SS10-1 Unit 3 Review

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Questions 26

Answers

1
One of the main concerns regarding the world water supply that is portrayed in the image is...
Affordability
Trade
Privatization
Pollution
2
A shared purpose of NAFTA and the EU is to
restrict access to valuable raw resources
promote regional free trade
implement a common currency
provide cheap labour within a trading bloc
3
This country is one of the world's developing/emerging economic powers.
China
India
Bangladesh
Japan
4
A company owned by the Canadian government is called ...
A public enterprise
Crown Transnational Corporation
A private enterprise
Crown Corporation
5
A conclusion that can be drawn from the cartoon is that
Despite social concerns, consumers will act in their own economic interest
Citizens have concerns about the actions of transnational corporations
Transnational corporations are not ethical
Economic globalization has provided workers/consumers with many benefits
6
What term best relates to this picture?
Outsourcing
Free trade
Transnational corporations
Slavery
7
Which of the following is not a goal of transnational corporations?
Direct access to raw materials
Go around barriers for trade
Search for a solution to climate change
Cheap labour
8
GATT was replaced by the
WTO
UN
IMF
NAFTA
9
Which of the following is the best example of trade liberalization?
NAFTA
G7
World Bank
IMF
10
An example of an international agreement on the environment is
The Kennedy Accord
The Kosovo Protocol
The Kyoto Protocol
The Kellogg Protocol
11
Which of the following would not be considered a transnational corporation?
a business that makes running shoes in Taiwan to sell in Asia
a grocery store in China that only buys from local farmers
Calgary-based computer company that has customers globally
restaurant franchise that has locations in Canada and the USA
12
The load/strain that humans impose on nature.
Ecological impact
Economic footprint
Environmental footprint
Ecological footprint
13
The main economic issue for developing nations with regards to transnationals is
access to industrial development at expense of labour laws
access to world markets at the expense of higher debt
access to foreign investment at the expense of loss of control
access to new tech at the expense of the environment
14
What is the purpose of the World Trade Organization?
Deals with the rules of trade between nations
Deals with various world problems
Deals with all the trade in the world
Deals with various laws in the world
15
All of the following have contributed to the spread of capitalism internationally, except
Active involvement in the World Bank and IMF in nations' domestic policies
Increased concern about environmental sustainability
The collapse of communism at the end of the Cold War
The signing of new free trade agreements between countries
16
To encourage a TNC to move to an developing nation, that nation could
enforce strong environmental protection laws
encouraged the formation of labour unions
guarantee a cheap labour supply
create high minimum wage regulations
17
From an economic perspective, globalization would be best described as
increasing efficiency of communication and transportation systems
the process of expanding world trading networks and economic agreements
method by which a few transnational corporations have control
the growing interconnectedness of the world
18
Which of the following is a disadvantage of deregulation?
Unsafe working conditions
Lowers the cost of production/products.
Helps citizens in less developed countries get jobs
Increases competition
19
A measure of overall well-being
Prosperity
Quality of life
Success
Financial security
20
Which of the following best describes an advantage of the World Trade Organization?
The organization has little concern for the environment
Member nations are given access to free trade without discrimination
Industries such as healthcare can be opened up to international trade
Developing nations are exempt from pollution controls
21
Decisions that preserve the environment and the economy to meet the needs of the present and future generations.
Prosperous
Sustainable
Reliable
Efficient
22
What is a key difference between a developed and developing country?
Developed countries have better infrastructure and services.
Developing countries have stronger economies.
Developing countries have higher literacy rates.
Developed countries depend more on agriculture.
23
What is Fair Trade?
None of the above
Movement promoting paying people living wages and safe working conditions
Makes all trade fair and with less disputes
Makes all of the trade for the other nations easier
24
Which institution below was created as a result of the Bretton Woods Agreement?
GATT
UNICEF
NAFTA
WWF
25
The cartoonist is likely presenting the idea that
transnational corporations are involved in tech development
free trade can result in economic prosperity
economic globalization provides benefits to all people
transnational corporations always look for new markets
26
Under a system of floating exchange rates, the value of a country's currency is determined by
the total value of goods exported to other nations
global stock markets and investor confidence in a country's economy
conversion rate tied to a country's gold reserves
decisions made by the IMF and World Bank

SS10-1 Unit 3 Review Flashcards | StudBud