SUMMATIVE TEST b. Competition of Service d.
productivity of foreign and local market distribution
11. In determining the effects of Global Governance in terms of budgetary finance. How can a
1. International trade left to its natural course without tariffs, quotas, or other restrictions. certain country could be affected?
a. Tariff b. Quota c. free trade d. trade a. Restrains of granting budgetary increased c. Curtail the welfare of the state
2. Government-imposed regulations that increase the cost and restrict the number of b. Dragging of national expenditures d. Retrenchment of customary finance
imported goods. 12. Philippines and china are bargaining finance, importing and exporting of goods to each
A. trade embargo B. trade barriers c. trade surplus d. trade deficit other as well as with the common disputes in the national sovereignty? Would you consider
3. Administers the rules governing trade between its 144 members. Helps producers, China as the core country?
importers, and exporters conduct their business and ensure that trade flows smoothly. a. Yes, It is a core country focusing on the higher skill and capital intensive production
a. World Trade Organization c. World Health Organization b. Yes, core country due to its massive production of investment in the Philippines
c. National Convention Center d. World exchange goods c. No, Its focus is to expanding their national sovereignty in terms of the Philippines
4. What is the role of International Financial Institutions in the creation of Global Economy? d. No, China is relying to its comparative dominant in terms of liabilities in the
a. Creation of economic stability of one country Philippines
b. establishment of reconstructing the country 13. What are the underlying aspects of Internationalization?
c. Bilateral financial institution a. Corporates b. fussing customs c. alliances d. treaties
d. Provide mechanism and support for economic stability 14. Globalization refers to global economy refers to what?
5. The process of international integration arising from the interchange of world views, a. Free Commerce b. Free trade c. Mobility of goods d. All of the above mentioned
products, ideas, and other aspects of technology? 15. Integration is derived as the very word _________?
a. Globalization b. Regionalism c. Nationalism d. Internationalism a. Integer b. One c. Complete d. All of the above mentioned
6. What are the elements of Globalization? 16. How to trace the historical foundation of the term “Globalization”?
a. Nature, Market b. Technology Relations c. Cultural Variations d. Market Integration a. It is denoted a holistic view of human experience in education
7.Why we should consider the aspect/dimension of Globalization? b. Refers to the largely national trust and large enterprise of time
a. Deteriorating small time ventures c. Eliminating small enterprises c. Denoted as the aspect to assess the economy
b. Distinction of domestic and foreign market d. Expanding, developing global outlook of d. Holistic track of devotion that trends to control the nation
business 17.What is the term that best coined to “Globalization”?
8.What is the nature of globalization? a. Corporate giants c. mainstream of business audience
a. Agglomerate member of units c. Conglomerated multiple units with a common b. Large enterprise d. trade and transaction
membership 18.Where to trace the bygone of “Globalization”?
b. Multiple common sources d. Diverse transaction of resources a. European Expedition c. European Voyagers
9.Why do we have to globalize especially at this contemporary world? b. European age discovery d. European circumnavigator
a. Arbitration of one country to another country 19.According to the International Monetary Fund (IMF). What is the basic aspect of
b. To reduce the high transportation cost globalization?
c. Rapid shrinking of time and distance across the globe a. Occupation Job c. Buying and Selling
d. Adjudication of 1st world to 3rd world countries b. Trade and Transaction d. Dealing with commerce
10.How to patch up the stages of globalization? 20. International Monetary Fund is an institution chartered by more than one country and
a. Manufacturing Stability c. Institutionalized machineries subjects to international law, what are the benefits of becoming an IMF member?
a. Provides temporary financial assistance c. Borrowing monetary funds
b. Its way to independent stability d. Promotion of Economic stability
21. What are the factors affecting the Economic Globalization or Global Economy?
a. Reduction of population c. Integration of direct investment a. Yes, because its number aim is to ties the disputes of each countries
b. Technological Advancement d. Applied Research b. Yes, because they are connected to International Court Justice
22. Price may vary among different location or related goods follow the same patterns over a c. No, because they have a limited or demarcated power to enforce compliance
long period of time hence proportional relation is very clear among the other constituting d. No, because it doesn’t show majority of the country
markets. This statement is simplifying as _________? 33. What is the main function of United Nations (UN)?
a. Production cost over Integration of labor a. To maintain cultural integration c. To maintain peace and belongingness
b. Market Integration may vary depending on the location b. Maintain peace and security d. To maintain cultural tradition
c. Price may vary due to the cost of production 34. In Resolving conflicts between neighboring countries, does the UN have a Military force?
d. Cost and Production may alter a. Yes, it is comes from the United states c. No, but have a peacekeeping force
23. What are the other assistance can the UN provide? b. Yes, comes from the allying countries d. No, it doesn’t have
a. Technical assistance in elections c. Improve judicial structures 35. Accepted codes of conduct that may not be strict law, but nevertheless produce regularity
b. Draft constitutional agreements d. all of the above in behavior.
24. What are the other aspect to assess by the United Nations? a. IOs c. Global Governance
a. World Health Organization c. Fight Cholera b. Norms d. Globalization
b. Provide Funds to the affected by the calamity d. All of the above 36. The UN’s “main deliberative policy making and representative organ”.
25. What are the underlying philosophy of globalization? a. Economic and Social Council c. General Assembly
a. Ideology of the term Global c. Interrelationship for the global relations b. International Court of Justice d. Global Assembly
b. Controversial process of diversity d. Economical manifestation 37. Who was the architect of Concert of Europe?
26. What is the vital aspects upon studying globalization? a. Klemens Von Matternich c. Carlos P. Romulo
a. positive and negative aspects of globalization b. Napoleon Bonaparte d..Both a and b
b. the effect of regional stability 38. An organization that can’t only classify and fix meanings; they also spread their ideas
c. embracing the concept of global economy across the world, thereby establishing global standards.
d. connecting issues on the sovereignty a. International Monetary Fund c. United Nations
27. This statement is often referred to the definition of international exchanged of goods and b. International Organizations d. World Bank
services that is express in monetary. 39. Who was the Filipino diplomat that elected as a General Assembly (GA) President from
a. World economy b. Global economy c. Economic globalization d. Market Integration 1949-1950?
28. “Global Economy” is most often rated as the conviction of both capital and goods services, a. Klemens Von Matternich c. Carlos P. Romulo
which statement below shows the connection of both word? b. Napoleon Bonaparte d..Both a and b
a. Global or International economy c. exchange of good and services 40. It is heir to the tradition of “great power” diplomacy that began with the
b. International relation to separate measurement d. separation of global economy Metternich/Concert of Europe system.
29. What is the role of International Financial Institution in global economy? a. International Court of Justice c. General Assembly
a. Investment for mechanism c. managing the global financial system b. Security Council d. None of the above
b. Granting national funds d. assisting assets and liabilities
30. This is the integration of process of designating laws, rules, or regulations intended for
gobal scale. ADDITIONAL FIVE (5) POINTS, WRITE MY COMPLETE/FULL NAME.
a. Global Corporation b. United Nation c. Criminal Court Justice d. Global Governance
31. Global Governance is co-related to the political analysis of the country, resolving
government issues, addressing countries sovereignty and as well as bilateral agreement. How
could Global Governance address the emerging dispute between one country to another in
terms of sovereignty?
a. Protecting the people of the country c. Resolving conflict via international laws
b. Constructing new Laws d. Transparency of decision
32. Has the Global Governance can solve problems between the disputed countries?
