Those in favour of the EU would argue that...

Europe’s economy is stronger together

During a recession, Keynes believed that the government should...

intervene directly and increase total spending

Which is NOT a role of the World Trade Organization

Increase intellectual property protection

An exchange of goods across borders without restrictions

Outsourcing can be defined as which of the following?

Obtaining supplies, goods and/or resources from a foreign supplier

What was Adam Smith’s theory?

Economic development was best fostered by capitalism and competition

An argument against the WTO is that they...

Push the agenda of transnational companies

Transnational companies are defined as...

Companies that operate in at least 2 or more countries around the world.

What is a criticism of the EU?

Richer countries are called on to help poorer countries

Which of the following is NOT an example of Hayek’s key ideas?

government should decrease taxes when consumer spending is too low

A free trade agreement between Canada, USA, and Mexico

Why was Facebook used during the Arab Spring?

Facebook was used to for communication between protesters

Governments use technology to...

Spread their values and beliefs easily to the public

Which of the following is a benefit of outsourcing?

It helps companies save money when obtaining their goods

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Political Globalization and Economic Systems

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Questions 35

Answers

1
Those in favour of the EU would argue that...
It promotes restricted trade in the EU
Europe’s economy is stronger together
None of the above are correct
Europe’s economy is stronger separated
2
An underdeveloped country needs a longterm loan, who would provide said loan?
The World Trade Organization
The International Monetary Fund
The Canada-United States-Mexico Agreement
The World Bank
3
What is a key example of the pros and cons of joining/leaving the EU?
Brexit
Hexit
Wexit
Frexit
4
The protests took place across the Middle East and North African countries
True
False
5
The Arab Spring started in...
Tunisia
The DRC
Canada
The USA
6
During a recession, Keynes believed that the government should...
stay uninvolved and let the economy sort itself out
shut down businesses and decrease government spending
intervene directly and increase total spending
add tariffs to international trade
7
Technology can be used to effectively spread democracy
True
False
8
Which is NOT a role of the World Trade Organization
Establishes rules of commerce
Increase intellectual property protection
Play the role of a referee
Organize groups to negotiate trade deals together
9
Free trade is:
An exchange of goods inside of one country without restrictions
An exchange of goods across borders with quotas
An exchange of goods inside of one country with tariffs
An exchange of goods across borders without restrictions
10
Transnational companies never help to reduce poverty
True
False
11
Outsourcing can be defined as which of the following?
Exploiting resources from a foreign country
Obtaining supplies, goods and/or resources from a foreign supplier
Sourcing supplies and resources from multiple areas of one country
All of the above
12
Transnational companies harm developing countries by which of the following?
Results in a lack of confidentiality.
By eliminating job opportunities of those working in small/local businesses
All of the above.
By exploiting resources, goods and services.
13
TNCS can help reduce overall poverty by providing job opportunities.
True
False
14
An argument against The World Bank is that it does not actively promote democracy, human rights, or labor rights.
True
False
15
Which of the following is a country that was affected by the Arab Spring?
The DRC
Syria
Belgium
Australia
16
An underlying cause of the Arab Spring could be identified as:
Extreme poverty
Government corruption
Lack of government
Uneducated population
17
What was Adam Smith’s theory?
Economies needed industrialization and government intervention to thrive
Economic development was hindered by capitalism and mercantilism
Economic development was best fostered by capitalism and competition
Economies thrived if businesses followed the mercantilist system
18
An argument against the WTO is that they...
All of the above
Push the agenda of transnational companies
Weaken Canadas Sovereignty
Increase risk of war
19
The President of Tunisia stayed in the country throughout the entirety of the Arab Spring
False
True
20
Their goal is to improve trade relations between all countries by eliminating custom barriers
WTO
IMF
NAFTA
CUSMA
21
What is economic globalization?
The interconnection of countries through their economies.
The spread of knowledge ideas and information through global markets.
The spread of knowledge, ideas and information through trade.
All of the above
22
Transnational companies are defined as...
Companies that operate in at least 2 or more countries around the world.
Companies that operate in multiple areas of a singular country.
Companies that operate in at least 4 countries
Companies that source from various countries around the world.
23
What is a criticism of the EU?
Poorer countries are called on to help fund richer countries
It does not promote democracy or human rights
It promotes child labour and sweatshops
Richer countries are called on to help poorer countries
24
The goal of the Arab Spring was to push for a ________ country
Democratic
Communist
Capitalist
Imperialist
25
Which of the following is NOT an example of Hayek’s key ideas?
Less government intervention
government should decrease taxes when consumer spending is too low
market economy
different perspectives and ideas
26
What is CUSMA?
A restricted trade agreement between Canada, USA, and Mexico
A peace agreement between Canada, USA, and Mexico
A free trade agreement between Canada, USA, and Mexico
A free trade agreement between China, Ukraine, and Mexico
27
A monopoly is having shared possession and control of a supply of a service.
True
False
28
The WTO gives a platform where countries can discuss their differences and it can help prevent.
Capitalism
Sweat shops
Recession
War
29
Why was Facebook used during the Arab Spring?
All of the above are correct
Facebook was used to for communication between protesters
Facebook was used for entertainment purposes
Facebook marketplace was used as a platform to gather materials and weapons
30
Governments use technology to...
Spread their values and beliefs easily to the public
Both red and blue answers are correct
Contact leaders of other countries
Design more efficient computers for their citizens
31
CUSMA is a renegotiation of another agreement called RNFSA
False
True
32
Which of the following is a benefit of outsourcing?
There is an increased amount of extensive, inhumane labor.
It helps companies save money when obtaining their goods
It helps companies advertise around the world.
Companies obtain resources and goods in a short period of time
33
Which of the following countries would be identified as a democratic country today?
Saudi Arabia
Egypt
Tunisia
Syria
34
A critique against CUSMA is It causes a loss of...
Canada’s sovereignty
Canada's democracy
Europe’s sovereignty
Canada’s Intellectual protection
35
Those against free trade would argue that:
Supports sweatshops and child labor
It contributes to the race of the bottom
Bad for small businesses
All of the above

Political Globalization and Economic Systems Flashcards | StudBud