Question 1

What is meant by the term casino capitalism? What effects does this phenomenon have on economic stability?

Accepted Answer

Responses will vary but should mention that more money is made today through speculation on financial markets, like a type of gambling for chance and profit, than is made the traditional capitalist way involving the manufacturing and selling of products. This phenomenon can cause market instability and economic recession.

Question 2

What is a maquiladora?

Accepted Answer

A)  It is an environmental indicator of ozone depletion. 
B)  It is an expansionary monetary theory. 
C)  It is a factory in an export processing zone. 
D)  It is a term used by the World Bank to discuss agricultural policy. 
A)  It is an environmental indicator of ozone depletion. 
B)  It is an expansionary monetary theory. 
C)  It is a factory in an export processing zone. 
D)  It is a term used by the World Bank to discuss agricultural policy. C

Question 3

Which of the following would be a problematic aspect of globalization?

Accepted Answer

A)  The financial markets are in heavy decline and the producing economy will follow. 
B)  Global corporations are producing more things than consumers can afford to purchase. 
C)  The average North American consumer eats too much and spends too much. 
D)  Global corporations are not producing enough of the commodities that consumers are demanding. 
A)  The financial markets are in heavy decline and the producing economy will follow. 
B)  Global corporations are producing more things than consumers can afford to purchase. 
C)  The average North American consumer eats too much and spends too much. 
D)  Global corporations are not producing enough of the commodities that consumers are demanding. B

Question 4

What is the concept of neoliberalism about?

Accepted Answer

A)  new members of a political party 
B)  humanitarian work done by the United Nations 
C)  faith in the market and a retreat from state spending 
D)  individuals who are part of social movements of liberation 
A)  new members of a political party 
B)  humanitarian work done by the United Nations 
C)  faith in the market and a retreat from state spending 
D)  individuals who are part of social movements of liberation

Question 5

Which of the following phenomena is particular to the operation of the International Monetary Fund from the 1980s onward?

Accepted Answer

A)  protectionist policies in developing economies 
B)  wage labour restrictions 
C)  the Global Agreement on Tariffs and Trade 
D)  structural adjustment policies 
A)  protectionist policies in developing economies 
B)  wage labour restrictions 
C)  the Global Agreement on Tariffs and Trade 
D)  structural adjustment policies

Question 6

According to the text, what has happened to manufacturing jobs in North America since the 1980s?

Accepted Answer

A)  They have steadily increased. 
B)  They have remained stable. 
C)  They have been replaced. 
D)  They have steadily declined. 
A)  They have steadily increased. 
B)  They have remained stable. 
C)  They have been replaced. 
D)  They have steadily declined.

Question 7

Which of the following reflects the taxation situation of big corporations?

Accepted Answer

A)  They are getting smaller to avoid paying as much in taxes. 
B)  They are paying higher taxes because they operate in more than one country at a time. 
C)  They are not paying big taxes generally, and pay less than they used to. 
D)  They are donating substantial portions as tax write-offs to avoid paying higher taxes. 
A)  They are getting smaller to avoid paying as much in taxes. 
B)  They are paying higher taxes because they operate in more than one country at a time. 
C)  They are not paying big taxes generally, and pay less than they used to. 
D)  They are donating substantial portions as tax write-offs to avoid paying higher taxes.

Question 8

How many slaves are estimated to exist in today's global economy?

Accepted Answer

A) 2.7 million 
B)  18 million 
C)  27 million 
D)  80 million 
A) 2.7 million 
B)  18 million 
C)  27 million 
D)  80 million

Question 9

In an effort to encourage investment, the president of Country X reduced tariffs, making the country more attractive to Company Y, which came in and built a large factory. Company Y used local, cheap labour, but made a product these people could not afford to buy. The product was shipped to Country Z, where citizens could purchase and enjoy the new product. What could this set of relationships between countries be called?

Accepted Answer

A)  bottom-up globalization 
B)  top-down globalization 
C)  global market forces 
D)  global demand forces 
A)  bottom-up globalization 
B)  top-down globalization 
C)  global market forces 
D)  global demand forces

Question 10

What is a global commodity chain?

Accepted Answer

A)  It is a form of global trade designed to minimize tariffs for importers of products. 
B)  It is a global system of stores or franchises, such as McDonald's restaurants. 
C)  It is a form of marketing with the goal of taking a product to as many countries as possible. 
D)  It is a worldwide network of labour and production resulting in a finished product. 
A)  It is a form of global trade designed to minimize tariffs for importers of products. 
B)  It is a global system of stores or franchises, such as McDonald's restaurants. 
C)  It is a form of marketing with the goal of taking a product to as many countries as possible. 
D)  It is a worldwide network of labour and production resulting in a finished product.

Question 11

Naomi Klein's book No Logo was based on the simple thesis that the more corporate brands expanded globally, the more resistance their presence would stimulate.

Accepted Answer

A) True 
 B)False

Question 12

According to economists, which factor can one-third of Canada's economic growth between 1997 and 2005 be attributed to?

Accepted Answer

A)  globalization and new job creation 
B)  the increase in consumer spending 
C)  new immigrants working in Canada 
D)  the increase of two-income households 
A)  globalization and new job creation 
B)  the increase in consumer spending 
C)  new immigrants working in Canada 
D)  the increase of two-income households

Question 13

What has been the net effect of the World Trade Organization, the International Monetary Fund, and the World Bank on the world's democracies?

Accepted Answer

A)  The net effect has been protectionist trade policies among the democracies. 
B)  The net effect has been the creation of a democratic deficit. 
C)  The net effect has been more democratic nations worldwide. 
D)  The net effect has been a balanced and diverse economy among the democracies. 
A)  The net effect has been protectionist trade policies among the democracies. 
B)  The net effect has been the creation of a democratic deficit. 
C)  The net effect has been more democratic nations worldwide. 
D)  The net effect has been a balanced and diverse economy among the democracies.

Question 14

Our sense that the world is shrinking, termed time-space compression, is affected in part by which of the following emerging global phenomena?

Accepted Answer

A)  hybrid cars 
B)  the Internet 
C)  common currencies 
D)  space travel 
A)  hybrid cars 
B)  the Internet 
C)  common currencies 
D)  space travel

Question 15

Consumerism is a way of life in which identity and purpose are oriented primarily toward the purchase and consumption of material goods. What is the relationship between consumerism and globalization?

Accepted Answer

Consumerism and globalization are closel

Question 16

Do you consider yourself to be an overconsumer, an underconsumer, or a middle-of-the-road consumer? Explain your position, utilizing examples.

Accepted Answer

I consider myself to be a middle-of-the-

Question 17

According to trade experts and environmental groups, which of the following represents the biggest environmental challenge facing humanity?

Accepted Answer

A)  acid rain 
B)  rain forest depletion 
C)  excessive per capita grain production 
D)  global food system 
A)  acid rain 
B)  rain forest depletion 
C)  excessive per capita grain production 
D)  global food system

Question 18

When Kathryn lived abroad in 1985 she would mail a letter to her parents. A response to that letter would come by mail two weeks later. In 2005, when Kathryn lived abroad again, she would send an email to her parents and get a response back from them within the hour. Which of the following is this change in communications NOT an example of?

Accepted Answer

A)  time-space compression 
B)  technological improvements 
C)  globalization 
D)  capitalist growth 
A)  time-space compression 
B)  technological improvements 
C)  globalization 
D)  capitalist growth

Question 19

The term majority world references countries in which the population is generally well educated and has access to good jobs and public goods such as health care.

Accepted Answer

A) True 
 B)False

Question 20

What is the purpose of the World Trade Organization (WTO)? According to the text, what do critics say about it?

Accepted Answer

To lower trade barriers in order to incr

What is meant by the term casino capitalism? What effects does this phenomenon have on economic stability?

What is a maquiladora?

Which of the following would be a problematic aspect of globalization?

What is the concept of neoliberalism about?

Which of the following phenomena is particular to the operation of the International Monetary Fund from the 1980s onward?

According to the text, what has happened to manufacturing jobs in North America since the 1980s?

Which of the following reflects the taxation situation of big corporations?

How many slaves are estimated to exist in today's global economy?

What is a global commodity chain?

Naomi Klein's book No Logo was based on the simple thesis that the more corporate brands expanded globally, the more resistance their presence would stimulate.

According to economists, which factor can one-third of Canada's economic growth between 1997 and 2005 be attributed to?

What has been the net effect of the World Trade Organization, the International Monetary Fund, and the World Bank on the world's democracies?

Our sense that the world is shrinking, termed time-space compression, is affected in part by which of the following emerging global phenomena?

Consumerism is a way of life in which identity and purpose are oriented primarily toward the purchase and consumption of material goods. What is the relationship between consumerism and globalization?

Do you consider yourself to be an overconsumer, an underconsumer, or a middle-of-the-road consumer? Explain your position, utilizing examples.

According to trade experts and environmental groups, which of the following represents the biggest environmental challenge facing humanity?

The term majority world references countries in which the population is generally well educated and has access to good jobs and public goods such as health care.

What is the purpose of the World Trade Organization (WTO)? According to the text, what do critics say about it?

Introduction to Sociology

Culture

Socialization

Gender and Sexuality

Communication and Mass Media

Social Stratification

Gender Inequality

Race and Ethnic Relations

Development and Underdevelopment

Families

Work and Occupations

Education

Religion

Deviance and Crime

Population and Urbanization

Sociology and the Environment

Health and Aging

Politics and Social Movements

Research Methods

Networks, Groups, Bureaucracies, and Societies

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Exam 19: Globalization

What is meant by the term casino capitalism? What effects does this phenomenon have on economic stability?

What is a maquiladora?

Which of the following would be a problematic aspect of globalization?

What is the concept of neoliberalism about?

Which of the following phenomena is particular to the operation of the International Monetary Fund from the 1980s onward?

According to the text, what has happened to manufacturing jobs in North America since the 1980s?

Which of the following reflects the taxation situation of big corporations?

How many slaves are estimated to exist in today's global economy?

What is a global commodity chain?

Naomi Klein's book No Logo was based on the simple thesis that the more corporate brands expanded globally, the more resistance their presence would stimulate.

According to economists, which factor can one-third of Canada's economic growth between 1997 and 2005 be attributed to?

What has been the net effect of the World Trade Organization, the International Monetary Fund, and the World Bank on the world's democracies?

Our sense that the world is shrinking, termed time-space compression, is affected in part by which of the following emerging global phenomena?

Consumerism is a way of life in which identity and purpose are oriented primarily toward the purchase and consumption of material goods. What is the relationship between consumerism and globalization?

Do you consider yourself to be an overconsumer, an underconsumer, or a middle-of-the-road consumer? Explain your position, utilizing examples.

According to trade experts and environmental groups, which of the following represents the biggest environmental challenge facing humanity?

The term majority world references countries in which the population is generally well educated and has access to good jobs and public goods such as health care.

What is the purpose of the World Trade Organization (WTO)? According to the text, what do critics say about it?

Introduction to Sociology

Culture

Socialization

Gender and Sexuality

Communication and Mass Media

Social Stratification

Gender Inequality

Race and Ethnic Relations

Development and Underdevelopment

Families

Work and Occupations

Education

Religion

Deviance and Crime

Population and Urbanization

Sociology and the Environment

Health and Aging

Politics and Social Movements

Research Methods

Networks, Groups, Bureaucracies, and Societies

Filters