Unit 9: Globalization (1900-Present)

Which development best illustrates economic globalization in the late 20th and early 21st centuries?

1. AReturn to mercantilist policies
2. BExpansion of transnational corporations and global supply chains
3. CDecline of international trade agreements
4. DEnd of all regional trading blocs

Which institution most directly regulates global trade rules?

1. AInternational Court of Justice
2. BOPEC
3. CWorld Health Organization
4. DWorld Trade Organization

NAFTA is best described as:

1. AA global human rights court
2. BA trade agreement linking the U.S., Canada, and Mexico
3. CA military alliance in Europe
4. DA UN climate treaty

Which development most directly enabled the growth of global supply chains?

1. AIsolationist trade policies
2. BDecline of information technology
3. CContainerization and cheaper shipping
4. DThe end of air travel

Outsourcing refers to:

1. ARelocating production to lower-cost regions
2. BNationalizing industries
3. CEnding all foreign trade
4. DClosing multinational firms