Global Economy Lesson 3 Quiz
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Questions and Answers

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

True

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

True

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

False

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

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

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