Podcast
Questions and Answers
What is the Silk Road known for?
What is the Silk Road known for?
- Being the 1st truly globalized trade route (correct)
- Boosting a country's income
- Connecting Manila and Acapulco
- Maximizing exports and minimizing imports
Which term best describes the integration of economies around the world through the movement of goods, services, and capital across borders?
Which term best describes the integration of economies around the world through the movement of goods, services, and capital across borders?
- Protectionism
- Colonialism
- Economic Globalization (correct)
- Isolationism
During what period did Mercantilism influence economies to compete for income?
During what period did Mercantilism influence economies to compete for income?
- 16th to 18th centuries (correct)
- 19th century
- 21st century
- Ancient times
What was a key feature of the Galleon Trade between Manila and Acapulco?
What was a key feature of the Galleon Trade between Manila and Acapulco?
Which historical trading system encouraged countries to compete with each other to increase their income?
Which historical trading system encouraged countries to compete with each other to increase their income?
Which group accounted for 51% of global exports by 2011?
Which group accounted for 51% of global exports by 2011?
What characterizes the economic relations between rich and poor countries according to the text?
What characterizes the economic relations between rich and poor countries according to the text?
What does the term 'race to the bottom' refer to in the context of the text?
What does the term 'race to the bottom' refer to in the context of the text?
Which country is mentioned for refusing to import rice to protect its farming sector?
Which country is mentioned for refusing to import rice to protect its farming sector?
What factor contributes to TNCs acquiring significant profits at the expense of governments?
What factor contributes to TNCs acquiring significant profits at the expense of governments?
What has been the impact of economic globalization on the growth rates of developing countries based on the text?
What has been the impact of economic globalization on the growth rates of developing countries based on the text?
Which of the following describes the key principle of the Washington Consensus?
Which of the following describes the key principle of the Washington Consensus?
What event can the Global Financial Crisis 2008-2009 be traced back to?
What event can the Global Financial Crisis 2008-2009 be traced back to?
What contributed to the bad investments in the US housing market during the 2008-2009 crisis?
What contributed to the bad investments in the US housing market during the 2008-2009 crisis?
How can Economic Globalization Today be described?
How can Economic Globalization Today be described?
In the context of neoliberalist values, which action does the Washington Consensus encourage governments to take?
In the context of neoliberalist values, which action does the Washington Consensus encourage governments to take?
What effect did banks becoming less discriminating in extending loans have during the Global Financial Crisis 2008-2009?
What effect did banks becoming less discriminating in extending loans have during the Global Financial Crisis 2008-2009?
Which best characterizes the Bretton Woods System?
Which best characterizes the Bretton Woods System?
What is a major consequence of an uneven process of economic globalization?
What is a major consequence of an uneven process of economic globalization?
How did neoliberalist values influence governments' practices during the 1970s Oil Embargo?
How did neoliberalist values influence governments' practices during the 1970s Oil Embargo?
How did the practice of governments pouring money into their economies contribute to inflation?
How did the practice of governments pouring money into their economies contribute to inflation?
