Deck 2: Globalization and Urbanization in the More-Developed World

Question 1

Thomas Friedman argues that all societies in the world have two wants, represented by the olive tree and

A) the World Bank.
B) the Japanese luxury automobile, the Lexus.
C) a quiver of arrows.
D) the ocean.

Answer 1

B

Question 2

According to Thomas Friedman, four profound independent social and technological changes converged in the 1980s to make the globalization of the world economy possible. Which of the following is NOT one of these?

A) the democratization of technology
B) the democratization of information
C) the democratization of decision making
D) the democratization of energy

Answer 2

D

Question 3

According to the text, the term good old boy was invented to describe

A) commercial bankers.
B) southern real estate agents.
C) southern politicians.
D) wealthy southerners.

Answer 3

A

Question 4

The technology that makes it possible to manage markets worldwide also permits individuals to do unimaginable harm. Thomas Friedman refers to these individuals as

A) mega-squanderers.
B) networkers.
C) super-empowered.
D) transparencies.

Question 5

The __________ Act of 2002 is the most far-reaching series of changes to the laws of corporate governance, disclosure, and accounting oversight since the federal securities laws were enacted seventy years ago.

A) Merrill Lynch
B) Sarbanes-Oxley
C) McCain
D) Cheney

Question 6

When __________ published The Work of Nations, he was a political economist at Harvard at the time.

A) Robert B. Reich
B) Thomas Friedman
C) Francis Fukuyama
D) Robert Kaplan

Question 7

Robert Reich focuses on three groups that make up 85 percent of the American workforce. Which of the following is NOT one of these?

A) routine production services
B) in-person services
C) auxiliary services
D) symbolic-analytic services

Question 8

The future of each of Robert Reich's workforce groups is determined by three factors. Which of the following is NOT one of these?

A) replaceability
B) the value they add to a product or service
C) the value of their services to the global economy
D) the presence of collective bargaining

Question 9

Social scientists coined the term __________ to describe the sprawling metropolises like Vancouver, Seattle, and Portland at the core of regional economies like Cascadia.

A) edge city
B) city-state
C) metropolitan statistical area
D) census district

Question 10

Adjoining newer cities are sometimes called __________ cities.

A) state
B) rural
C) edge
D) regional

Question 11

The gross __________ product is a measure of the total output of goods and services by a nation's economy.

A) corporate
B) domestic
C) metropolitan
D) city

Question 12

According to Susan Clarke and Gary Gaile, all city governments want an economic development strategy that

A) increases city revenues and the stability of their revenue streams.
B) decreases the city's vulnerability to external shocks by diversifying their local economies.
C) provides good jobs and services to their citizens while protecting the community's quality of life.
D) all of the above

Question 13

Nationally, families in the bottom fifth of the income ladder earned an average of __________ in 2001.

A) $14,021
B) $16,021
C) $18,021
D) $20,021

Question 14

Robert Kaplan shows that symbolic analysts prefer self-contained engineered communities, rich in services and removed from the problems of society. He calls these new, insulated communities urban

A) villages.
B) enclaves.
C) pods.
D) pockets.

Question 15

Which of the following is NOT one of the qualities that Thomas Friedman and Robert Reich think will make America succeed?

A) ideal geography
B) market diversity
C) an honest legal and regulatory environment
D) restrictive bankruptcy laws

Question 16

The text points out that the events of September 11, 2001 happened in a vacuum.

Question 17

The text observes that culture is to society as DNA is to our bodies.

Question 18

Between 1992 and 2000, the United States experienced unprecedented economic recession with extremely high inflation.

Question 19

The major reason for the disparity in the growth of the working poor in this and
other industrial societies is a lack of education.

Question 20

By 2020, the top fifth of American earners will account for less than 50 percent of all income earned by Americans.

Question 21

List the four profound, independent social and technological changes described by Friedman that combined during the 1980s to make the globalization of the world economy possible. Give an example of each change.

Question 22

Based on the work of Robert B. Reich, describe the shift from high-volume to high-value manufacturing, the rise of the global corporation, and the rise of the symbolic analyst.

Question 23

Robert Reich focuses on three groups that make up 85 percent of the American workforce. Name each of these groups and give a practical example.