Post Test: The Contemporary World Exam Questions and Answer 100% Solved 2024

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