Global Systems 2 Quiz

Play an AI-generated podcast conversation about this lesson

What is globalization?

The process of countries banning trade with each other

The process of countries focusing on local trade and services

The process of countries becoming more connected through various flows (correct)

The process of countries isolating themselves from the rest of the world

Which sectors are involved in the interdependence of global systems?

Only social sector

Economic, social, political, and environmental sectors (correct)

Only economic sector

Only environmental sector

What determines how easy countries can trade?

Historical alliances

Membership in international organizations

Access to natural resources

Access to markets (correct)

What has been a trend in global trade volume from 1980 to 2008?

Eightfold increase Signup and view all the answers

Which regions dominate the banana trade?

Dollar producers and EU Signup and view all the answers

What do the 'banana wars' refer to?

'Banana wars' refer to a prolonged trade dispute over special treatment by the EU Signup and view all the answers

What are some positive aspects of scientific research in Antarctica?

Pooling scientific resources and enabling safe tourism Signup and view all the answers

What are the consequences of global governance in Antarctica?

Positive efforts like combating climate change but potential limitations on resources Signup and view all the answers

Which continent has seen significant investments from emerging economies like China?

Africa Signup and view all the answers

What plays a role in determining how easy or difficult it is for a country to engage in trade?

Access to markets, wealth, and trade agreements Signup and view all the answers

What does globalization involve?

Flows of information, capital, trade, services, and labor Signup and view all the answers

Which organization sets global trade rules?

WTO Signup and view all the answers

What is the main purpose of trading blocks?

To promote fair trade practices Signup and view all the answers

What does the term 'banana wars' refer to?

A dispute over special treatment by the EU in banana trade Signup and view all the answers

What are the major importers in the banana trade?

US and EU Signup and view all the answers

Why is access to markets crucial for international trade?

It determines how easy countries can trade Signup and view all the answers

What are some trends in global trade?

Eightfold increase in trade volume from 1980 to 2008 Signup and view all the answers

Why is global governance in Antarctica considered beneficial?

It promotes global collaboration among scientists Signup and view all the answers

What group dominates the banana trade alongside dollar producers?

'ACP' group (Africa, Caribbean, Pacific) Signup and view all the answers

What are the primary factors influencing how easy countries can engage in trade?

Wealth, special agreements for least developed countries Signup and view all the answers