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Questions and Answers
Which type of economy involves systematic government interference in foreign trade to prioritize domestic production?
Which type of economy involves systematic government interference in foreign trade to prioritize domestic production?
- Protectionism (correct)
- Trade Liberation
- Market economy
- Free trade zone
What was the biggest increase in world trade from 1971 to 1999 according to the text?
What was the biggest increase in world trade from 1971 to 1999 according to the text?
- Export of manufactured goods (correct)
- Services sector trade
- Import of raw materials
- Agricultural products trade
According to Immanuel Wallerstein's theory, which countries are considered the core countries in the global economy?
According to Immanuel Wallerstein's theory, which countries are considered the core countries in the global economy?
- Less developed countries supporting labor for wealthier nations
- High-income countries with financial institutions at the center of economic activities (correct)
- Middle-income countries involved in manufacturing and exportation
- Low-income countries with majority of raw material production
Which category of countries contributes to the manufacturing and exportation of a variety of goods, according to the modern world system?
Which category of countries contributes to the manufacturing and exportation of a variety of goods, according to the modern world system?
What marked the history of market integration in 12000 BC, as per the text?
What marked the history of market integration in 12000 BC, as per the text?
What is the primary focus of protectionism as described in the text?
What is the primary focus of protectionism as described in the text?
What economic system is characterized by privately owned natural resources and means of production?
What economic system is characterized by privately owned natural resources and means of production?
Which organization is described as a global corporation and a significant player in globalization?
Which organization is described as a global corporation and a significant player in globalization?
What is the main purpose of global governance as discussed in the text?
What is the main purpose of global governance as discussed in the text?
In the context of market integration, what does vertical integration involve?
In the context of market integration, what does vertical integration involve?
Which historical event marked the beginning of global trade according to the information provided?
Which historical event marked the beginning of global trade according to the information provided?
What power do International Organizations (IOs) have as discussed in the text?
What power do International Organizations (IOs) have as discussed in the text?
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