CHAPTER 54
Debate on Globalization
MULTIPLE CHOICE
614. The conservative position on the global movement of financial capital is that
a. the rapid movement of financial capital into and out of a country can be destabilizing to
b. the free movement of financial capital from one country to another will ensure that it will
be put to the most productive use.
c. the movement of financial capital out of the developed countries and into the developing
countries will lead to greater inefficiency and lower productivity.
d. all international movement of financial capital should be regulated by the International
Monetary Fund.
615. The progressive position on the global movement of financial capital is that
a. the rapid movement of financial capital into and out of a country can be destabilizing to
t
b. the free movement of financial capital from one country to another will ensure that it will
be put to the most productive use.
c. the movement of financial capital out of the developed countries and into the developing
countries will lead to greater inefficiency and lower productivity.
d. all international movement of financial capital should be regulated by the International
Monetary Fund.
616. Conservatives point to the positive aspects of globalization including
a. the increase in the growth rate of the GDP of the global economy since 1970.
b. the increase in the growth rate of GDP per capita since 1970.
c. the increase in the profit rate of the 500 largest transnational corporations since 1970
d. the increase in the growth rate of real global investment since 1970.
617. Progressives point to the negative aspects of globalization including
a. the decrease in the growth rate of the GDP of the global economy since 1970.
b. the decrease in the growth rate of GDP per capita since 1970.
c. the increase in global inflation since 1970
d. the decrease in the volume of global trade since 1970.
618. The wealth of individuals in all countries has been estimated at
a. $125 million
b. $125 billion
c. $125 trillion
d. $125 quadrillion
619.
a. 1%
b. 20%
c. 40%
d. 60%
620.
a. 1%
b. 15%
c. 30%
d. 50%
621. A key indicator of global warming is the increase in greenhouse gases such as
a. sodium chloride
b. carbon dioxide
c. helium
d. sulfuric acid
622. The te
a. turning over part of a production process to an outside supplier often located in another
country.
b. purchasing raw materials from one country to be used in a production process in another
country.
c. purchasing finished products from another country.
d. a recreational activity involving locating the source of major rivers.
623. Free trade means
a. all countries are permitted to engage in international trade.
b. There are no goods that are prohibited from entering the country.
c. There is no international trade embargo in place.
d. there are no tariffs, quotas or other barriers to international trade.
624. In 1998 the International Monetary Fund extended a loan to the South Korean government
on the condition that it engaged in extensive privat
a. the process of selling or giving away public property and enterprises to individuals.
b. the process of giving grants or tax breaks to private companies.
c. the process of expropriating private property for use by the government.
d. the process of allowing private citizens to participate in government.
625. What was the Opium War?
a. a political war over the legalization of opium in New York in the 1920s.
b. a war between gangs and the police in San Francisco in the 1970s.
c. a war between England and China over the import of opium into China in the 19th
century.
d. a war between Hong Kong and China over the import of Chinese opium into Canada
in the early 20th century.
626. The use of the internet is often cited as evidence of increased globalization. Approximately
a. 3 billion
b. 1.5 billion
c. 500 million
d. 500 thousand
627. What is the International Monetary Fund (IMF)?
a. it is an agency of the US Government.
b. it is an international organization that oversees the global financial system.
c. it is a private foundation funded by contributions from transnational corporations.
d. it is a major international bank located in Switzerland.
628. Over the past 30 years, globalization has led to
a. strong economic growth in almost all countries.
b. weak economic growth in almost all countries.
c. negative economic growth in almost all countries.
d. uneven economic growth with strong growth in some regions and weak growth in others.