Its goals revolved around the
Which of the following does does this business belongs
eradication of poverty.
NOT describe a market?* to?*
1/1 1/1 Its goal is to help countries
which were in trouble and who
a geographical area consisting primary could not obtain money by any
of buyers and sellers secondary means.
a process of selling a product or tertiary It is the last resort for countries
service which needed financial
none of the above assistance.
a group of buyers and sellers It is a bank started by countries
a place where trade takes place after the World War II.
7 Cups of Tea is a newly-
opened store serving What organization was
What do you call the social
milktea, milkshake and other formed because member
institution that organizes all
snacks. Which production countries wanted to increase
production, consumption,
sector does this business the price of oil?*
and trade of goods in the
belongs to?*
society?* 1/1
1/1
1/1 North American Free Trade
primary Agreement (NAFTA)
economy World Trade Organization
secondary
(WTO)
financial institution Organization for Economic
tertiary
markets Cooperation and Development
none of the above
economic system (OECD)
Organization of Petroleum
Exporting Countries (OPEC)
After World War II, countries
Phoenix Mining Corporation
established the ____ to
(PMC) is involved in
restructure the world
producing copper and Which of the following does
economy and ensure global
nickel. Which production NOT describe the European
financial stability.*
sector does PMC belongs Union?*
to?* 1/1
1/1
1/1 International Monetary Fund
(IMF) It is created to foster economic
primary Organization for Economic cooperation and policy-making
Cooperation and Development among member states.
(OECD) It has 35 member countries that
secondary
World Trade Organization are considered as the richest in
tertiary
(WTO) the world.
none of the above
Bretton Woods System
Euro is the currency adopted by
most member countries.
GAR's Carwash and It is a political and economic
Detailing offers services union of 27 European countries.
The following describe the
such as car washing,
International Monetary Fund
ceramic coating and paint The following are members
(IMF) EXCEPT ___.*
corrections for automobiles. of Organization of Petroleum
1/1
Which production sector
Because of free trade and
Exporting Countries (OPEC) countries shifted or is
transfer of production, some
EXCEPT ___.* countries became dependent on shifting to service sector,
other countries.
1/1 and the reduction of the role
United Arab Emirates The richer and more powerful of humans because of
Iraq countries heavily influence the technology?*
Saudi Arabia decision-making of WTO.
Syria 1/1
industrial revolution
The following are impacts of capitalism
information revolution
North American Free Trade
Which of the following is
Agreement (NAFTA) on its agricultural revolution
created to increase the
member countries EXCEPT
cooperation for improving
___.*
working conditions in United During the ___, factories
1/1
States, Canada and emerged which led to
Unemployment was observed in
Mexico?* increase in number of
US after companies relocate to
1/1 Mexico. products produced, rise in
The three countries adopted US standard of living and
Bretton Woods System dollar as their currency.
World Trade Organization access to wider variety of
(WTO)
General Agreement on Tariffs
Manufacturing companies in US goods.*
and Canada transferred to
and Trade (GATT) 1/1
Mexico and this resulted to
North American Free Trade
decrease in producer prices. industrial revolution
Agreement (NAFTA)
Canada became dependent on
US in terms of exports and jobs.
agricultural revolution
information revolution
capitalism
The World Trade What stage of global market
Organization (WTO) is integration refers to the
responsible for enhancing creation of surpluses in What do you call the
free trade in the world farming societies which organization that operates
through removing tariffs and eventually led to people across boundaries of
other barriers to trade. But permanently settling in one countries hence, allows
there are criticism to WTO. place and establishing of them to produce, distribute
Which of the following is trade networks?* and sell products to more
NOT a criticism to WTO?* 1/1
than one country?*
1/1 1/1
information revolution
Trade barriers created by agricultural revolution civil society
developed countries like US and global corporation
Japan cannot be countered capitalism
enough by WTO. industrial revolution World Bank
There are protests and non-government organization
demonstrations against WTO
because international non-
What stage in global market
government organizations are
not involved. integration refers to most
The following are positive goods and services effects to the world
aspects of global distributed to the people but economy.*
corporations EXCEPT ___.* also their cultural practices, 1/1
1/1 beliefs and traditions.* True
1/1 False
They hire more workers around
the world.
True
The rich people benefit while
the working class are exploited.
False International regulatory
They offer lower prices. groups like World Trade
They produce more products.
Technology affects culture Organization makes trading
because it allows the with other countries much
Most of the resources and transfer of ideas from one more feasible.*
the production in the country to another.* 1/1
Philippines are privately-
1/1 True
owned. Also, its government
True
imposes laws to regulate the False
private False
companies/individuals. What
Core countries are not
kind of economy is
Global corporation causes affected when global
Philippines?*
unemployment because they corporations move their
1/1 can move their factories to production abroad.*
capitalism countries with cheaper 1/1
socialism
command economy labor.* True
mixed economy 1/1 False
True
Which of the following is False Multinational corporations
NOT an example of global and transnational
corporation?* Only a few countries are corporations are global
1/1 dependent on international corporations.*
Toyota trade for their own 1/1
Survive Marketing prosperity.* True
1/1
Nike
False
Samsung True
False
True or False
9 of 10 points
Global corporations can
influence the global trade
Trade among different Both big and small laws.*
countries affect not only the economies bring equal 1/1
True
False
Primary labor market
consists of jobs that provide
fewer benefits. *
0/1
True
False