Globalization and Trade Quiz
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Questions and Answers

Which organization was created to increase world trade and free markets?

  • European Union
  • World Trade Organization
  • World Bank
  • International Monetary Fund (correct)

    • What is one criticism of the World Trade Organization (WTO)?

  • It regulates international trade between countries
  • It provides short term loans to The World Bank
  • It favors more powerful countries over smaller countries (correct)
  • It focuses too heavily on economic issues

    • What is one negative effect of outsourcing?

  • Increased speed of product delivery
  • Lower quality products (correct)
  • Reduced government spending on social programs
  • Increased variety of products available

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