Podcast
Questions and Answers
Protectionism aims to reduce trade barriers and make international trade easier. (True/False)
Protectionism aims to reduce trade barriers and make international trade easier. (True/False)
False
Outsourcing involves transferring manufacturing jobs from developed nations to developing nations in order to reduce the cost of products. (True/False)
Outsourcing involves transferring manufacturing jobs from developed nations to developing nations in order to reduce the cost of products. (True/False)
True
Free trade involves trading goods and services between countries without tariffs or taxes. (True/False)
Free trade involves trading goods and services between countries without tariffs or taxes. (True/False)
True
Trade bloc agreements are made between governments to increase trade barriers. (True/False)
Trade bloc agreements are made between governments to increase trade barriers. (True/False)
Signup and view all the answers
Economic globalization has produced actors who play a key role in the global economy and have affected local industries of nation-states. (True/False)
Economic globalization has produced actors who play a key role in the global economy and have affected local industries of nation-states. (True/False)
Signup and view all the answers
Transnational corporations (TNC) are part of the actors that facilitate economic globalization. (True/False)
Transnational corporations (TNC) are part of the actors that facilitate economic globalization. (True/False)
Signup and view all the answers
The World Bank is one of the international financial institutions that contribute to economic globalization. (True/False)
The World Bank is one of the international financial institutions that contribute to economic globalization. (True/False)
Signup and view all the answers
According to Immanuel Wallerstein, the core of the modern world system is the manufacturing base of the planet. (True/False)
According to Immanuel Wallerstein, the core of the modern world system is the manufacturing base of the planet. (True/False)
Signup and view all the answers
Neocolonialism involves multinational corporations exploiting the natural resources and labor of the periphery countries. (True/False)
Neocolonialism involves multinational corporations exploiting the natural resources and labor of the periphery countries. (True/False)
Signup and view all the answers
Semi-periphery countries have closer ties to the global economic core. (True/False)
Semi-periphery countries have closer ties to the global economic core. (True/False)
Signup and view all the answers
