.Which of the following factors are repeated in many different definitions of globalization?
a.creation of a smaller world
b.movement toward a world economy
c.people living across the world from one another having a greater impact upon each other
d.all of the above
3.In recent years, the Chinese government has _____________ bonds issued by the U.S. government which has _____________ interest rates in the United States beyond what they would have been otherwise.
4.Globalization is closely aligned with which of the following?
a.increased free enterprise
b.more government control of markets
c.less freedom of movement for people
d.less freedom of movement for goods
5.According to the text, in which of the following countries was tipping found to occur very infrequently?
6.In 1946 the average tariff rate in the United States was around ___________ percent, while the average tariff in 2012 was about ____________ percent.
7.In the early 1900s tariffs accounted for ____________ of all federal government revenues, whereas today they account for less than ____________ percent.
8.Fifteen years ago, China _________________ with the countries of Europe. Today, China ______________________ most European countries.
a.traded a great deal; is not a trading partner with
b.traded a great deal; is rarely a trading partner for
c.did not trade much; is one of their top five trading partners for
d.did not trade much; is rarely a trading partner for
9.In economics, the term foreign exchange trading means
a.buying and selling foreign goods.
b.buying and selling foreign services.
c.buying and selling foreign assets (such as, real estate).
d.buying and selling foreign currencies.
10.According to the textbook, some people refer to the period from ___________________ as the First Era of globalization.
a.the late 1700s to the late 1800s
b.the mid-1900s to the late 1980s
c.the late 1600s to the mid-1800s
d.the mid-1800s to the late 1920s
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