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SOC 111 (20)
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Questions in this quiz (35)
1__________ is a sign that globalization has begun.
- AProfiteering
- BProsperity
- CPrice convergence
- DTechnology
2__________ was needed in the 1800s to integrate national economies.
- AFlow of investment
- BDemand for market-produced goods
- CEconomic integration
- DInfrastructural transformation
3Hiram has always wanted to sell his products in other markets besides his local Manitoba town. The first time he saw a __________, he knew he would be able to begin selling his products across the country.
- Arailroad train
- Bgeneral store
- Cstagecoach
- Dhorse-drawn wagon
4Without __________, globalization would probably have remained steady, even after the Depression.
- AEuropean colonial interests
- BWorld War I
- Ctariffs and capital controls
- Deconomic vulnerability
5__________ make(s) globalization possible.
- ATechnology
- BPolitics
- CThe merchant class
- DInevitability
6If a large Canadian company expanded to foreign markets, what would happen to its domestic sales?
- AForeign sales would average about 30 percent of their business.
- BForeign sales would quickly surpass domestic sales.
- CThe large majority of its business would still be done in Canada.
- DForeign sales would equal domestic sales in about 5 years.
7The European Union trades primarily with its member countries. Latin America trades primarily with its own countries. From this we may conclude that globalization is in fact __________.
- Aa reduction, not an expansion
- Ba regional phenomenon
- Cdependent on transnational corporations
- Dnot as popular as it seems
8A transnational corporation (TNC) from the European Union has decided to sell its products in Turkmenistan. Why is this unusual?
- ATurkmenistan is outside the European region.
- BTurkmenistan is hostile to the West.
- CTurkmenistan is still deglobalized.
- DTurkmenistan is too poor to afford European goods.
9A group of foreign investors puts capital into a factory in China and makes money on it. Foreign direct investment (FDI) of this kind is __________.
- Aless common than domestic investment
- Bmore common than domestic investment
- Cnecessary for modern businesses
- Drapidly expanding the global marketplace
10Why was England’s percentage of international trade greater at the turn of the twentieth century than it is now?
- ABefore World War I, English trade was unrestricted.
- BTrade was arranged by the powerful monarchies of the day.
- CThe English and European upper classes traded for each others’ status conferring merchandise.
- DEngland traded in and among its colonies.
11Bik, a 19-year-old woman, recently migrated from her inland rural village to an urban centre near the coast in her country to work in a technology assembly factory. The company she will work for has a dormitory where she plans to live until she can afford a place of her own in the city. What country does Bik most likely live in?
- ACuba
- BRussia
- CChina
- DLiberia
12In producing clothing, the step that is typically completed outside Canada is the __________.
- Afinal assembly
- Bcutting of fabric
- Cspinning of thread
- Dweaving of fabric
13When compared to Canada, workers in places like China have __________ protections and __________ recourse to protect themselves from unreasonable demands from their employers.
- Athe same; less
- Bgreater; less
- Cfewer; the same
- Dfewer; less
14Which question about Chinese factory workers is asked from a top-down perspective?
- AWho is seeing that their rights are not denied?
- BWhere do the workers come from?
- CCan the factory managers be persuaded to give them their rights?
- DDo they contribute to the growth of global industry?
15Why is it common for garment firms in Mexico to hire mostly women?
- AEmployers believe men won’t sew clothes for a living.
- BEmployers assume women need the money more than men.
- CEmployers believe women are a more manageable labour force than men.
- DEmployers believe women are more dexterous than men.
16The goal of many agricultural nations in the years from 1930–1980 was to __________.
- Aunionize
- Beconomize
- Cindustrialize
- Dbe subsidized
17What is one drawback to import-substituting industrialization (ISI)?
- Alack of competition
- Black of incentive
- Cdependence on the government
- Dminimal growth
18The Mexican peso crisis __________.
- Awas prolonged by NAFTA
- Bwas definitely not caused by NAFTA
- Cwas unrelated to NAFTA
- DThe Mexican peso crisis __________.
19Like many economic plans, NAFTA mostly benefited __________.
- Athe government
- Boverseas politicians
- Cthe elite
- Drevolutionists
20Comparing what globalization is supposed to do with what it actually does do, we see that globalization provides some jobs and benefits, but it __________.
- Acannot be controlled by government
- Bleaves a lot of people behind
- Ccould collapse at any moment
- Dis a product of the free market
21Modern trade began with __________.
- Aloss of access to land
- Bthe use of money
- Csimultaneous progress around the world
- Dprice convergence
22After the disruption of trade caused by the Great Depression, reglobalization was almost derailed by __________.
- Apoverty
- Btariffs
- Clow production
- Dpolitical turmoil
23In a deglobalized world, there is __________.
- Aless isolation
- Bno importing or exporting
- Ca high degree of exploitation
- Dmore foreign investment
24Patrick and his family recently moved overseas. When shopping for furniture for their new home Patrick and his wife realized that the price of furniture in their new country was about the same as it was back home. Which of the following concepts best describes this phenomenon?
- Acapital controls
- Bdeglobalization
- Cprice convergence
- Dpeasant markets
25Where do most transnational corporations (TNCs) do the majority of their business?
- Ain the third world
- Bin other regions
- Cin their home countries
- Din South America
26If the global market was marked on a map by groups of squares, what would it look like?
- AThere would be a high concentration of squares in Russia and Middle Europe.
- BThere would be almost no squares in East Asia.
- CThe squares would be scattered almost evenly throughout the map.
- DThere would be a concentration of squares in regions such as North America and the European Union with only a few squares in between.
27Looking at the percentages of foreign direct investment (FDI)—money invested in other countries, rather than goods sold—what would we expect to find?
- Aa falling percentage due to bankruptcy in Europe
- Ba rising percentage of investment due to new confidence in markets
- Can increasing percentage of investment in keeping with the rapid pace of globalization
- Da small percentage of investment due to recent market fluctuations
28Why might there be a “migration corridor” where workers travel from Bangladesh to India?
- AIndia has already had one phase of globalization when it was a colony.
- BIndia is achieving globalization faster than many Western countries.
- CIndia is a poor country, but Bangladesh is poorer.
- DIndia has more jobs to offer because of Western outsourcing.
29Outsourcing is part of a larger process called the creation of __________, which are sets of linked operations that organize the production of any particular product.
- Aglobal value chains
- Bcapital
- CGDP
- Dexport processing zones
30Apple Computers took advantage of the Chinese workers’ __________ to get out a new product at the last minute.
- Astrict labour laws
- Bhigh wages
- Chopes for economic growth
- Dspeed and flexibility
31Besides low-cost labour, what is another reason why a manufacturer might consider outsourcing?
- Agood labour skills
- Blaissez-faire government
- Ctax breaks
- Dsomeone else to do supervising
32Because of workers in Mexico and the Caribbean, __________.
- Athe chain of operations is compacted
- Bno manufacturing is done remotely
- Cthe 40-hour work week has been instituted
- DNorth American clothing is less expensive
33The opposite of import-substituting industrialization (ISI) is __________.
- Aagricultural development
- Blabour unions
- Cimposition of tariffs
- Dthe Washington Consensus
34What conclusions can you draw about globalization?
- AIt is difficult to distinguish the impact of globalization versus deregulation of markets, but it does appear that globalization has led to stronger economies.
- BGlobalization is a natural process of human innovation and technology. As we become more connected trade follows.
- CGlobalization has led to much stronger economies than those created by ISI. Markets all over the world show sharp increases in growth rates starting in 1990 and especially after 2000.
- DIt is difficult to distinguish the impact of globalization versus deregulation of markets, but it does not appear that globalization has led to stronger economies—at least, not yet.
35Blanca works for a Canadian-based TNC in a maquiladora to support herself and her family. Which country does she most likely reside in?
- AMexico
- BKenya
- Cthe Caribbean
- DChina
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- Quiz on SOC 111 (20), created by rae-lynn lockie on 05/12/2019.
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- rae-lynn lockie
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- English
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