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Chapter 20. Global Justice and Globalization

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Chapter 20. Global Justice and Globalization

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Uploaded on
January 25, 2025
Number of pages
5
Written in
2024/2025
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TRUE/FALSE
1 : Among the indicators of economic development of a country are standard of living, life
expectancy, and literacy.
A : true
B : false

Correct Answer : A

2 : The gap between rich and poor nations has greatly narrowed over the last 3 decades.
A : true
B : false

Correct Answer : B

3 : One significant difference between matters of charity and matters of justice is that the former
is more flexible or optional than the latter.
A : true
B : false

Correct Answer : A

4 : One of the ways to evaluate ethically the policies of the IMF and World Bank is whether they
have done more good than harm or the opposite.
A : true
B : false

Correct Answer : A

5 : It is clear that globalization has contributed more to stability and peace than to dissention
and conflict around the world.
A : true
B : false

Correct Answer : B

6 : According to Peter Singer, helping people in famine stricken countries is a matter of charity
not obligation or duty.
A : true
B : false

Correct Answer : B

7 : The terms respatialization and deterritorialization refer to the same thing.
A : true
B : false

Correct Answer : A

8 : The terms offshoring and outsourcing refer to the same thing.
A : true
B : false
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, Correct Answer : B

9 : Farm subsidies in the United States were originally intended to help farmers hurt by the
Great Depression.
A : true
B : false

Correct Answer : A

10 : The International Monetary Fund and the World Bank often make loans to developing
countries contingent on those countries eliminating subsidies for their exports.
A : true
B : false

Correct Answer : A



MULTIPLE CHOICE
11 : Which of the following Nobel Prize winners argues that persistent problems in developing
nations have been the result of textbook economic reasoning and ideological support of strict
capitalism by international financial institutions such as the World Bank?
A : Barack Obama.
B : Jimmy Carter.
C : Joseph Stiglitz.
D : Elie Wiesel.

Correct Answer : C

12 : Technological advancements are
A : Benefiting all nations.
B : Increasing the economic disparity between rich and poor nations.
C : Leaving the economic health of nations about the same.
D : Especially benefiting poor nations.

Correct Answer : B

13 : Which of the following is not mentioned as a result of the World Bank and the International
Monetary Fund?
A : Harmed rather than helped development of Third World countries.
B : Made poorer countries unable to compete.
C : Led to international terrorism.
D : Drove local banks out of business.

Correct Answer : C

14 : Which ethical theory is closest to Peter Singers when it comes to famine relief?
A : Utilitarian.
B : Kantian.
C : Nonconsequentalist.
D : Deontologism.
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