Economics: Today and Tomorrow © 2012

Chapter 20: The Global Economy

The Global Economy

1
In the past several decades, global integration has _____.
A)increased dramatically
B)decreased dramatically
C)not affected the world's economy
D)isolated regions of the world
2
With a globalized financial market, _____.
A)there is no danger of a stock market crash
B)few countries are affected by a financial panic
C)few countries are involved in the stock market
D)everybody feels the effects of a financial panic
3
Bonds sold by the government are called _____.
A)global integration
B)telecommunications
C)government securities
D)commodities
4
Which of the following is defined as long-distance communications, usually electronic, using satellites and fiber-optic cables?
A)Global integration
B)Telecommunications
C)Government securities
D)Foreign exchange
5
Since the early 1990s, foreign ownership of the United States public debt has _____.
A)stayed about the same
B)decreased dramatically
C)increased dramatically
D)experienced a series of small ups and downs
6
The U.S. share of worldwide direct investment is ______.
A)about 6 percent
B)more than 40 percent
C)less than that of most other industrialized nations
D)equal to the share of foreign ownership of American industries
7
The purchase by foreigners of real estate and businesses in another country is called _____.
A)direct foreign investment
B)a domestic corporation
C)inflation
D)economic imperialism
8
About half the world's multinationals are owned by the Americans, the Japanese, the Germans, and the _____.
A)French
B)Chinese
C)Swiss
D)British
9
Which of the following is a result of globalization?
A)Immigration has decreased.
B)America has become a multicultural society.
C)Asian population in America has decreased.
D)Tolerance has become unimportant.
10
Branches of multinational firms are called _____.
A)multinationals
B)foreign affiliates
C)corporate alliances
D)immigration
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