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Questions and Answers
What is the process of integration of economies across the world through cross-border flow of factors, product, and information?
What is the process of integration of economies across the world through cross-border flow of factors, product, and information?
- Localization
- Regionalization
- Globalization (correct)
- Nationalization
According to the International Monetary Fund (IMF), globalization involves the growing economic interdependence of countries worldwide through which of the following?
According to the International Monetary Fund (IMF), globalization involves the growing economic interdependence of countries worldwide through which of the following?
- Increasing volume and variety of cross border transactions (correct)
- Strict regulations on international trade
- Limitation of technology diffusion
- Complete isolation of countries
What does Steger define globalization as?
What does Steger define globalization as?
- Isolation of economies
- Limited technological advancements
- Growing worldwide connectivity (correct)
- National economic independence
In addition to economic dimensions, globalization also involves which of the following dimensions?
In addition to economic dimensions, globalization also involves which of the following dimensions?
Which term describes the creation of something new and involves multiplication of social connections transcending traditional boundaries?
Which term describes the creation of something new and involves multiplication of social connections transcending traditional boundaries?
How does globalization impact social relations and consciousness according to the text?
How does globalization impact social relations and consciousness according to the text?
What is a common argument made by globalists regarding the benefits of globalization?
What is a common argument made by globalists regarding the benefits of globalization?
What do globalists consider synonymous?
What do globalists consider synonymous?
Why is the neoliberal explanation of globalization considered ideological?
Why is the neoliberal explanation of globalization considered ideological?
What do globalists aim to create through globalism?
What do globalists aim to create through globalism?
How do globalists view the opportunities of globalization?
How do globalists view the opportunities of globalization?
What does globalization further in the world?
What does globalization further in the world?
What principle affirms that all members of the human family are responsible for one another?
What principle affirms that all members of the human family are responsible for one another?
Which category of justice ensures basic equity in how both the burden and the goods of society are distributed?
Which category of justice ensures basic equity in how both the burden and the goods of society are distributed?
The principle of preferential option of the poor is based on which theological concept according to the text?
The principle of preferential option of the poor is based on which theological concept according to the text?
Which commitment in the text emphasizes the idea that decisions should be made at the lowest level to achieve the common good?
Which commitment in the text emphasizes the idea that decisions should be made at the lowest level to achieve the common good?
Which aspect of justice aims at fulfilling the terms of contracts and other promises on both personal and social levels?
Which aspect of justice aims at fulfilling the terms of contracts and other promises on both personal and social levels?
Which category of justice refers to creating conditions where distributive justice can be realized and the common good identified and defended?
Which category of justice refers to creating conditions where distributive justice can be realized and the common good identified and defended?
What is the aim of Economic and Monetary Union (EMU) according to the text?
What is the aim of Economic and Monetary Union (EMU) according to the text?
In complete economic integration, what is foregone by member states?
In complete economic integration, what is foregone by member states?
What is included in complete economic integration?
What is included in complete economic integration?
What does political integration involve according to the text?
What does political integration involve according to the text?
What is the final stage of economic integration as described in the text?
What is the final stage of economic integration as described in the text?
What is the aim of policy integration as mentioned in the text?
What is the aim of policy integration as mentioned in the text?
What was the main function of the gold standard in the international monetary system?
What was the main function of the gold standard in the international monetary system?
Why did the use of gold decline after World War I?
Why did the use of gold decline after World War I?
What was the primary reason for the failure of major economic powers to maintain the gold standard?
What was the primary reason for the failure of major economic powers to maintain the gold standard?
What was the purpose of the Bretton Woods system created in 1944?
What was the purpose of the Bretton Woods system created in 1944?
What role did the United States play in the Bretton Woods system?
What role did the United States play in the Bretton Woods system?
Why did the Bretton Woods system end in 1971?
Why did the Bretton Woods system end in 1971?
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