Global Economy Lesson 3 Quiz

Economic globalization involves greater integration of economic activities across the world. True or False?

Trade liberalization aims to reduce trade barriers and make international trade easier between countries. True or False?

Protectionism involves reducing trade barriers to make foreign competition easier. True or False?

Economic globalization has no impact on local industries of nation-states.

The International Monetary Fund (IMF) is an actor that facilitates economic globalization.

The World Trade Organization (WTO) is a part of the Modern World System.

Transnational Corporations (TNC) are not involved in economic globalization.