Post Test: The Contemporary World Exam Questions and Answer

Post Test: The Contemporary World Exam Questions and Answer Economic globalization refers to the economic_____ of nations resulting from mutual_____. -Answer-Interdependence Trade After World War II, political leaders from various countries discussed ways to strengthen individual—as well as_____—economies. They began promoting_____ to boost production and exports. -Answer-Global Free Trade Complete the given sentence, which discusses the impact of globalization and interdependency. In 1973,_____created a major oil crisis in western European nations and the United States by declaring an embargo against them. The_____ of fuel disrupted businesses and limited the use of cars and other vehicles. -Answer-OPEC Shortage How did the North American Free Trade Agreement (NAFTA) benefit the US economy? -Answer-NAFTA boosted exports of electronic goods. Match each scenario with a concept related to the regulation of international trade. - Answer-Finances projects in middle-income nations - World Bank Economic forum for Pacific Rim economies - APEC Controls most of the world's crude oil and natural gas reserves - OPEC The fictional country of Kovasia decides to open its market to foreign businesses. What positive and negative effects will Kovasia likely experience? -Answer-Positive - The volume of exports will increase & Goods and services may become less expensive. Negative - Domestic products may become less popular & People may losejobs to outsourcing. Which of the following innovations provided the first nearly instantaneous communication between North America and Europe? -Answer-The transatlantic cable Why do demographers believe that birthrates will decline in some developed countries by 2025? -Answer-Many citizens are choosing to have small families. Why did it take more than a week for the news of President Lincoln's assassination to reach Britain? -Answer-The transatlantic cable was not functional at that time. Match each group to the correct region. -Answer-Khmer Rouge - Cambodia Tutsi tribe - Rwanda Janjaweed militia - Darfur Match the terms with their relevant characteristics. -Answer-An international entity that monitors public health across the world - World Health Organization A communication tool used to alert the world about Severe Acu