Test I.

Modified True or False

Direction: Write True if the statement is true. Write False if the statement is false and modify the
bold words or phrases to form the correct answer.
1. Cultural isolation is not a competing conception of globalization. (True)
2. The term 'protectionism' means protecting the economy from foreign competition by
creating trade barriers. (True)
3. The place concept of market refers to a group of buyers and sellers interested in
negotiating the terms of purchase and sale of goods and services. (False: Commodity
Concept)
4. Negative integration reduces non-tariff and tariff barriers to trade as a main tool for
integrating markets. (True)
5. The North – South divide can be related to an economic division between poorer and
richer countries. (True)
6. The relatively short period before World War I (1870 to 1913) is often referred to as the
'golden age' of globalization. (True)
7. A global corporation is also known as a domestic company. (False: Global Company)
8. Global Social Movements is a social movement of people that are spontaneous or
emerge through enormous grassroots organizations. (True)
9. International Civil Aviation Organization (ICAO) fosters the planning and
development of international air transport to ensure the safe and orderly growth of
international civil aviation throughout the world. (True)
10. The anti-globalization group argues that certain groups of people are not currently
capable of functioning within the increased competitive pressure. (True)

Test II. Multiple Choice Questions

Direction: Encircle the letter of your best answer.
11. Which of the following is NOT a dimension of economic globalization?
A. The globalization of trade of goods and services.
B. The globalization of financial and capital markets.
C. The globalization of technology and communication.
D. The globalization of politics.
Answer: D
12. The best-known example of archaic globalization is:
A. The Silk Road.
B. The British and the Dutch East India Companies.
C. The gold standard.
D. The Bretton Woods system.
Answer: A
13. What is the primary purpose of the International Monetary Fund (IMF)?
A. Ensure the stability of the international monetary system.
B. Provide monetary funds to every country.
C. Give advice in terms of monetary problems.
D. Supports every member of the organization by the means of money.
Answer: A
14. Which of the following explains Global Corporation?
A. It is an organizational characteristic of assigning job roles to individuals to perform a
particular task such as marketing, customer service, sales, recruitment and purchasing.
B. Any company that operates in at least a country other than the country where it
originated is a global company.
C. It is a group of consisting of 14 of the world's major exporting nations.
D. Combination of agencies or activities not directly related to each other but may
operate under a unified management.
Answer: B.
15. Which of the following is NOT a dimension of economic globalization?
A. The globalization of trade of goods and services.
B. The globalization of financial and capital markets.
C. The globalization of technology and communication.
D. The globalization of politics.
Answer: D
16. What is Forward vertical integration?
A. Takes activities close to the consumption function.
B. It is the combination of sources of supply.
C. Marketing agencies combine to form a union to reduce their effective number and the
extent if actual competition in the market.
D. Includes job that provide many benefits to workers they are called white-collar
professions.
Answer: A.
17. What is Internationalism?
A. Responsible for the safety and security of shipping and the prevention of marine
pollution by ships.
B. Provide emergency relief, monitor the treatment of people, and are not tied to any
country.
C. Social and political theory, a concept of how human society ought to be organized, a
political, economic, and cultural cooperation between nations, and an ideology based on
the belief that people, goods, and information ought to be able to cross national borders
unfettered.
D. Social movements of people that are spontaneous or emerge through enormous
grassroots organizations.
Answer: C
18. The beneficiaries of global commerce are mainly:
A. Transnational corporations (TNCs).
B. Governments.
C. Consumers.
D. Workers.
Answer: A
19. The phenomenon of increased integration of the world economy as evidenced by the
growth of international trade and factor mobility is an example of:
A. Economic globalization
B. Political globalization
C. Cultural globalization
 D. Social globalization
Answer: A
20. When does a Horizontal integration occurs?
A. When an agency conglomerates with other business.
B. When a firm performs more than one activity in the sequence of the marketing
process.
C. When marketing agencies combine to form a union to reduce their effective number
and the extent if actual competition in the market.
D. When the economy is low and companies import products from other countries.
Answer: C

Test III. Identification

Direction: Identify what is being described in the sentences.
21. Who was the commentator and analyst who argued for the need to innovate and
recognize that the successful economic knowledge must be addressed in democratically
in terms of spread?
Answer: Charles Leadbeater
22. The Philippines craft policies on free market on the world economy. What function of
globalization is this?
Answer: Economic Liberalization
23. It is a Statistic composite index of life expectancy, education, and per capita income
indicators, which are used to rank countries into four tiers of human development.
Answer: Human Development Index
24. The structural feature of the UN Charter - veto - is a result of an international
compromise among the allied powers of the Second World War. Frequently vetoes
would often come from the United States and Russia on issues concerning the Middle
East; for China, issues related to countries expressing recognition of __________.
Answer: Taiwan
25. The term "market" is derived from the Latin word __________ which means trading or
place of transactions.
Answer: Mercatus
26. This concept refers to the Communist bloc lead by USSR (United Soviet Socialist
Republic)/Russia, China and other states who employed Marxist.
Answer: Second World
27. This organization facilitate cross-border transactions, especially trade and investment.
Reflect economic power and interests.
Answer: International Monetary System
28. People in Brgy. Limasawa learned how to domesticate plants and animals. What phase
in the evolution of market integration is this?
Answer: Agricultural Revolution
 29. This organization provides emergency relief, monitor the treatment of people, and are
not tied to any country.
Answer: Non-Governmental Organizations (NGOs)
30. This functioned as the fixed exchange rate regime, with gold as the only international
reserve.
Answer: Gold Standard

Test IV. Matching Type of Test

Direction: Match Column A with Column B.

COLUMN A COLUMN B
31. This phase in the revolution on market a. World Meteorological Organization
integration shifted the economy from (WMO)
a manufacturing-based one to one
that is based on service work and the
production of ideas rather than goods.
Answer: E
32. Social and political theory, a concept b. Internationalism
of how human society ought to be
organized, a political, economic, and
cultural cooperation between nations,
and an ideology based on the belief
that people, goods, and information
ought to be able to cross national
borders unfettered.
Answer: B
33. Leads the development of a balanced c. Globalism
and effective international intellectual
property (IP) system that enables
innovation and creativity for the
benefit of all.
Answer: A
34. The country's lowering labor d. Economic globalization
standards, including the protection of
worker's interest, to lure in foreign
investors seeking high profit margins
at the lowest cost possible.
Answer: H
35. This refers to a group of buyers and e. The information revolution
sellers interested in negotiating the
terms of purchase and sale of goods
and services.
Answer: J
36. Refers to the universal, f. Transnational corporations (TNCs)
internationalist impulse that the world
 is connected, the connection between
cultures, nations, and people,
embodies cultural diffusion, products
and ideas, adoption of new
technologies and practices, and
participation in “world culture”.
Answer: C
37. The beneficiaries of global commerce g. International Monetary Fund (IMF)
are mainly what?
Answer: F
38. Responsible for the safety and h. Race to the Bottom
security of shipping and the
prevention of marine pollution by
ships.
Answer: I
39. A member of this organization is i. International Maritime Organization
experiencing monetary problems. This (IMO)
organization will then provide short-
term financial assistance.
Answer: G.
40. The phenomenon of increased j. Commodity Concept
integration of the world economy as
evidenced by the growth of
international trade and factor mobility
is an example of?
Answer: D
Test V. Essay
Direction: Answer the following questions.
41-45. Which do you think is needed to be prioritized, the intrastate or the interstate system?
Explain.
46-50. Discuss the concept of the Global South as a historic and decontextualized, and analyze
its implications for understanding the world.