Globalization Quiz 1

<p>They have seen few benefits and are engulfed in poverty (C)</p> Signup and view all the answers

<p>The fear of losing their identity and the conflict between neighbors (C)</p> Signup and view all the answers

<p>China aims to exploit Peru's fish resources for export, particularly for fishmeal production (C)</p> Signup and view all the answers

<p>Lack of access to global economic opportunities (D)</p> Signup and view all the answers

<p>They compete with the local fishery and illegally tamper with Peru's fish stocks (B)</p> Signup and view all the answers

<p>It has facilitated financial inclusion and integration of the very poor into the national economy (C)</p> Signup and view all the answers

<p>He works as an economist and fisheries expert (D)</p> Signup and view all the answers

<p>She is concerned about potential conflicts with Chinese investors and loss of local identity (B)</p> Signup and view all the answers

<p>To meet international demand for fishmeal and fish oil products (D)</p> Signup and view all the answers

<p>Just in time principle (B)</p> Signup and view all the answers

<p>The final stop on the 'New Silk Road' (C)</p> Signup and view all the answers

<p>The risk of excessive debt from cheap loans for infrastructure expansion (D)</p> Signup and view all the answers

<p>2 weeks (D)</p> Signup and view all the answers

<p>Empty tracks (A)</p> Signup and view all the answers

<p>A port infrastructure (B)</p> Signup and view all the answers

<p>It revealed the intricacy of global trade (A)</p> Signup and view all the answers

<p>More expensive products due to increased complexity (A)</p> Signup and view all the answers

<p>It is facing challenges in developing new markets (B)</p> Signup and view all the answers

<p>The steel production plant (A)</p> Signup and view all the answers

<p>They will lose their jobs (B)</p> Signup and view all the answers

<p>The ability to purchase cheaper coke on the open market (B)</p> Signup and view all the answers

<p>To protect the US steel industry from foreign competition (A)</p> Signup and view all the answers

<p>Reluctance of steel companies to engage in multilateral trade (C)</p> Signup and view all the answers

<p>Helped workers weather the impact of cheap imported steel (C)</p> Signup and view all the answers

<p>Out of concern for national security and protection during a world war (C)</p> Signup and view all the answers

<p>Downsizing and job cuts in the steel industry (A)</p> Signup and view all the answers

<p>Lifting over a billion people out of poverty globally (D)</p> Signup and view all the answers

<p>The need to protect American steelworkers and industries (A)</p> Signup and view all the answers

<p>'America First' approach overshadowing global considerations (C)</p> Signup and view all the answers

<p>Farming out the work to other countries at lower costs (A)</p> Signup and view all the answers

<p>Protecting US steel industry from control by other countries (B)</p> Signup and view all the answers

<p>Adoption of 'America First' approach overshadowing global considerations (B)</p> Signup and view all the answers

<p>Entering niche markets with high-quality products. (D)</p> Signup and view all the answers

<p>The importance of expanding into international markets. (C)</p> Signup and view all the answers

<p>Lack of adherence to environmental regulations. (C)</p> Signup and view all the answers

<p>Unjustified and an unnecessary burden on taxpayers. (A)</p> Signup and view all the answers

<p>10s of billions of dollars in cash rewards. (A)</p> Signup and view all the answers

<p>Morally irresponsible and unjustified. (C)</p> Signup and view all the answers

<p>Agricultural subsidies are justified based on land ownership. (B)</p> Signup and view all the answers

<p>&quot;It leads farmers to expand their farms without proper consideration.&quot; (C)</p> Signup and view all the answers

<p>&quot;To illustrate how subsidies prompt farmers to acquire more land.&quot; (B)</p> Signup and view all the answers

<p>To communicate insights on current developments in agriculture. (A)</p> Signup and view all the answers

<p>It can be managed with selective protection of certain industries. (A)</p> Signup and view all the answers

<p>It is a major concern affecting global environmental standards. (C)</p> Signup and view all the answers

<p>Direct payments from the government (A)</p> Signup and view all the answers

<p>It resulted in a significant drain on the economy (A)</p> Signup and view all the answers

<p>To compensate for the foregone export revenue that farmers lost (D)</p> Signup and view all the answers

<p>They distort and disrupt agricultural markets (B)</p> Signup and view all the answers

<p>To prevent cheap or free export of surplus food to developing countries (B)</p> Signup and view all the answers

<p>They have driven those countries deeper into economic misery (A)</p> Signup and view all the answers

<p>Corruption and mismanagement in economic development (D)</p> Signup and view all the answers

<p>Governments around the world (C)</p> Signup and view all the answers

<p>Lithium (C)</p> Signup and view all the answers

<p>Fishing (C)</p> Signup and view all the answers

<p>Expansion of the informal economy (C)</p> Signup and view all the answers

<p>A large number of fishmeal factories along the coast (A)</p> Signup and view all the answers

<p>Encouraging women to improve their lives (A)</p> Signup and view all the answers

<p>It has doubled in size and provides employment to 15 individuals (C)</p> Signup and view all the answers

<p>1000 Peruvian sol (B)</p> Signup and view all the answers

<p>The constant pollution of the waters in Lake Titicaca (C)</p> Signup and view all the answers

<p>It is essential for strengthening globalized economies (C)</p> Signup and view all the answers

<p>Division of labor and bringing together of humanity (C)</p> Signup and view all the answers

<p>Alleviating poverty and providing a final stop for financial assistance (B)</p> Signup and view all the answers

<p>They rejected the loan offer as they no longer needed it (A)</p> Signup and view all the answers

<p>'Big risks' taken by financial institutions (D)</p> Signup and view all the answers

<p>Fewer winners are emerging in the world trade system (D)</p> Signup and view all the answers

<p>To expand internationally with goals in Chile and Bolivia (A)</p> Signup and view all the answers

<p>The earnings from fish farming invested in the new project (A)</p> Signup and view all the answers

<p>High unemployment and the end of thousands of jobs (D)</p> Signup and view all the answers

<p>Peru has seen few benefits from globalization and is engulfed in poverty (D)</p> Signup and view all the answers

<p>Questioning the World Trade Organization as the guardian of fair trade (B)</p> Signup and view all the answers

<p>Duisburg has re-awoken from the ashes of its past thanks to China (B)</p> Signup and view all the answers

<p>Just in time principle (D)</p> Signup and view all the answers

<p>The final destination on the Silk Road (D)</p> Signup and view all the answers

<p>Increased geopolitical risk (B)</p> Signup and view all the answers

<p>Environmental impact (D)</p> Signup and view all the answers

<p>Vulnerability and risk (D)</p> Signup and view all the answers

<p>Increasing debt and loss of autonomy (C)</p> Signup and view all the answers

<p>$24.00 extra to bid on 200 acres (B)</p> Signup and view all the answers

<p>It is essential for mitigating geopolitical risk (B)</p> Signup and view all the answers

<p>To protect American steel industry from cheap competition (D)</p> Signup and view all the answers

<p>Creating new markets and industries (D)</p> Signup and view all the answers

<p>Railroad and machine industries (B)</p> Signup and view all the answers

<p>Coke for steel production (D)</p> Signup and view all the answers

<p>The fishing activities of the Chinese fleet (A)</p> Signup and view all the answers

<p>The potential competition with local fishery (A)</p> Signup and view all the answers

<p>He is an economist and fisheries expert (D)</p> Signup and view all the answers

<p>Mibanco (C)</p> Signup and view all the answers

<p>Rapid urbanization and migration from rural areas (C)</p> Signup and view all the answers

<p>Fishmeal and fish oil (C)</p> Signup and view all the answers

<p>To reduce poverty and integrate rural population into the economy (C)</p> Signup and view all the answers

<p>They have illegally tampered with Peruvian fish stocks (A)</p> Signup and view all the answers

<p>Absence of an orderly and sustainable labor market (A)</p> Signup and view all the answers

<p>It promotes inequality between different nations (D)</p> Signup and view all the answers

<p>They stay south of the Galapagos, then go down the coast to Peru and other South American countries for fishing activities (D)</p> Signup and view all the answers

<p>To emphasize the unpredictability of the government subsidies. (B)</p> Signup and view all the answers

<p>It resulted in a net drain on the economy due to excessive subsidies. (A)</p> Signup and view all the answers

<p>Overreliance on foreign investment for major fishing companies. (D)</p> Signup and view all the answers

<p>Transferred huge amounts of resources in the form of direct subsidies. (A)</p> Signup and view all the answers

<p>To discourage cheap exports that harm developing countries' agricultural markets. (A)</p> Signup and view all the answers

<p>Corruption and mismanagement leading to economic instability. (B)</p> Signup and view all the answers

<p>Increased financial stability among low-income families. (B)</p> Signup and view all the answers

<p>'Years that the government payments, that's what the family lived on.' (B)</p> Signup and view all the answers

<p>'He has been actively involved in advising governments on economic issues.' (C)</p> Signup and view all the answers

<p>It caused the 'informal economy' to expand further. (A)</p> Signup and view all the answers

<p>Development of innovative solutions for economic diversification. (C)</p> Signup and view all the answers

<p>Increased financial stability among low-income families. (C)</p> Signup and view all the answers

<p>To sell their products to international markets (B)</p> Signup and view all the answers

<p>To provide microloans based solely on verbal agreement (A)</p> Signup and view all the answers

<p>Alleviates poverty but is not a final solution (B)</p> Signup and view all the answers

<p>Globalization seems to be the only alternative to nationalism (D)</p> Signup and view all the answers

<p>They alleviate poverty but are not a final stop (D)</p> Signup and view all the answers

<p>Investment in multilateralism and global cooperation (C)</p> Signup and view all the answers

<p>'America First' approach leading to economic struggles (A)</p> Signup and view all the answers

<p>It caused distrust towards European steel access to the US market. (C)</p> Signup and view all the answers

<p>It has caused national interests to overshadow global cooperation and trade opportunities. (B)</p> Signup and view all the answers

<p>Decreased jobs due to downsizing and farming out work. (C)</p> Signup and view all the answers

<p>To help US workers weather the cheap steel coming in from other countries. (C)</p> Signup and view all the answers

<p>The 'America First' approach casting a long shadow, leading people to act nationally instead of globally. (D)</p> Signup and view all the answers

<p>The danger of relying on other countries for essential products like steel. (A)</p> Signup and view all the answers

<p>Due to worries about neighbors growing too strong and wealthy, leading to focus on national interests. (B)</p> Signup and view all the answers

<p>'To protect the US' from cheap steel for markets everywhere.' (A)</p> Signup and view all the answers

<p>To highlight the impact of agricultural subsidies on market dynamics. (C)</p> Signup and view all the answers

<p>Because it raises concerns about reliance on other countries for essential products like steel. (B)</p> Signup and view all the answers

<p>Reluctance of steel companies to take advantage of opportunities offered by multilateral trade. (B)</p> Signup and view all the answers

<p>The steel industry should focus on quality and innovation to compete globally. (B)</p> Signup and view all the answers

<p>China's trade practices are detrimental to the global steel market due to their lack of environmental regulations. (A)</p> Signup and view all the answers

<p>To criticize the government's role in distorting market dynamics through subsidies and tariffs. (D)</p> Signup and view all the answers

<p>It leads to overreliance on government support rather than innovation. (A)</p> Signup and view all the answers

<p>They are morally irresponsible and have no justification. (C)</p> Signup and view all the answers

<p>Focusing on niche markets and innovation while engaging in global trade. (C)</p> Signup and view all the answers

<p>Subsidies lead farmers to expand their farms without considering sustainable growth. (A)</p> Signup and view all the answers

<p>'China is a filthy country' that neglects environmental regulations and disregards its impact on the environment and people. (B)</p> Signup and view all the answers

<p>'Microloans' play a significant role in promoting development and improving living conditions for individuals and communities. (C)</p> Signup and view all the answers

<p>'That's just not selling your product within the 50 states,' emphasizing the necessity of engaging in global trade. (B)</p> Signup and view all the answers

<p>Investing in innovative approaches such as 'microloans' to promote development and improve living conditions. (A)</p> Signup and view all the answers