Republic of the Philippines

Southern Philippines Agri-Business Marine and Aquatic School of Technology, Malita, Davao Occidental
2ND Semester, S.Y 2019-2020
MIDTERM EXAM (The Contemporary World) BTLED1 & BSED Math 1

Direction: Read the following questions carefully and choose the best
answer. Put your answers by shading the corresponding letter. A B C D E

1. It encompasses a multitude of processes that involves the

economy, political systems, and culture.
a. Global age b. Globalization c. Contemporary
d. Civilization
2. A worldwide production markets and broader access to a
range of foreign products for consumers and companies.
a. Economic realization b. Industrial emergence
c. Financial emergence
3. A global common market, based on the freedom of exchange of
goods and capital.
a. Economic realization b. Industrial emergence
c. Financial emergence
4. To have a better access to external financing for borrowers;
emergence of under or un-regulated foreign exchange and
speculative markets.
a. Financial emergence b. Economic realization
c. Industrial emergence
5. The effect of globalization that deals with the creation of the
international criminal court and international justice movements.
a. Political b. Legal c. Cultural growth
d. Ecological
6. The effect of globalization that might be solved the international
cooperation with climate change, cross-boundary water and air
pollution, over-fishing of the ocean.
a. Cultural growth b. Ecological c. political d. ethical
7. The effect of globalization that desires to increase one's
standard of living and enjoy foreign products and ideas, adopt
new technology and practices.
a. Political b. Legal c. Cultural growth d. Ecological
8. Crime importation and raising awareness of global crime-fighting
efforts and cooperation.
a. Cultural growth b. Ecological c. Social d. Ethical
9. Increased circulation by people of all nations with fewer restrictions.
a. Political b. Social c. Cultural growth d. Ecological
10. A global telecommunications infrastructure and greater data flow
even into the world’s most remote areas.
a. International Travel b. Technical Development
c. Multiculturalism
11. It means that price differences between countries are eliminated as
all markets become one.
a. Interstate System b. Global Market
c. Direct Investment d. Free trade
12. The decline in barriers to selling in countries other than home
countries.
a. Production globalization b. market globalization c. Free trade
13. The following are the impact of global market except for:
a. Lower tariffs keep consumer prices lower, fewer restrictions
when crossing borders make it easier for the company to enter
foreign market.
b. Increasing complexity in management of the interaction between the facilities.
c. Changes in the location of business function
d. None of the above
14. The sourcing of materials and services from other countries to
gain advantage from other countries to gain advantage from
price differences in different nations.
a. Market Integration b. Production globalization
c. Industrial emergence d. Financial Globalization
15. When goods can travel freely between countries and no
tariffs are charged when crossing borders, this means
country is a _________.
a. Globalized b. Trade market c. Free trade zone d. Integrated
16. ____________ of business is a movement toward operating in
multiple countries, both to reach new markets and to reduce costs of
production.
a. Foreign Direct b. Globalization c. Investment d. Production
17. Which among the following described market integration?
a. Groups of prices often move proportionally to each other.
b. In one market a commodity has a single price.
c. price differences between countries are eliminated as all markets
become one
d. all of the above
18. A process of involving attempts to combine separate national
economies into larger economic regions.
a. Custom Union b. Free Trade c. Market Integration d. Preferential Agreement
19. One of the reasons for market integration on the local market is to look
for good quality product and find its ways to upgrade own production.
This refers to:
a. Remove transaction cost b. Foster competition
c. Improve security of supplies
20. Less cost of shipping operation makes the product more affordable for
the consumers.
a. Improve security of supply
b. better signals for optimal consumption decision
c. Remove transaction cost
d. foster competition
21. Which among the following is an example of conglomeration?
a. The lower tariffs spending decreases the prices
b. The merger of two firms making different products
c. The contract of corporation as investor and distributor.
d. All of the above
22. This involves lower trade barriers between those countries
which have signed agreement.
a. Economic union b. Common market c. Preferential agreement d. Free Trade agreement
23. This reduces barriers to trade among countries to zero, but
each country still has an autonomy in deciding the external
rate of tariffs for its trade with non-member countries.
a. Common markets b. Free trade area c. Economic union d. Integration
24. Why market integration is good for the country?
a. Because it can promote local production of goods
b. Because it gives more opportunities for foreign investors
c. Because it can be helpful in increasing the efficiency of market process
d. All of the above
25. Which among the following describe Price correlation?
a. The correlation in the price of commodity in any market is
united under spatial price integration
b. The fairness of the quality of products to compete with
other products with the same commodity
c. The sameness of commodity though it has different quality
 d. None of the above
26. The following are the advantages of market integration except for:
a. It allows positive differentiation c. It provides competitive advantage
b. It can result to decrease flexibility d. a and c
27. Pro-globalization people argue that economic development
historically required a "clean" industrial stage before progress is
made. a.True b. False
28. The following are the disadvantages of market integration except for:
a. It can have capacity balancing problem
b. It provides competitive advantage
c. It can result to decrease flexibility
d. it offers more cost control
29. It is complex, multifaceted, and can be influenced by the people who
define it.
a. Market Integration b. Globalization c. Interstate system d. Emergence
30. These are the common goal of globalization except for:
a. Progress b. Competition c. Integration d. Development
31. Which among the following best describe globalization?
a. It is a concept of a shifting nature in the societal structure
b. It focuses on the economic integration and emergences of countries
c. It encompasses a multitude of processes that involves the
economy, political systems, and culture.
d. It is a movement of material and goods between and within
national boundaries
32. The creation and proliferation of information via satellites,
broadcast information through space around the planet nearly
simultaneously allowing for communications almost everywhere on
earth.
a. Television b. Internet c. Radio d. Transmitter
33. The information from around the world can be seen anywhere in
the world submarine fiber optic cable wireless telephones increase
in the number of standards applied globally.
a. Television b. Internet c. Radio d. Transmitter
34. Which among the following best describe “Integration”?
a. the integration of the world’s countries into one world
economy where every country depends on others to be
healthy and viable.
b. the integration of the world’s global telecommunications
infrastructure and greater data flow even into the world’s
most remote areas
c. the integration of culture and technology for industrialization
and modern practices.
d. All of the above
35. The development of global telecommunications infrastructure and
greater data flow even into the world’s most remote areas.
a. Cultural b. Technical c. Ethical d. Social
36. It responsible for the promotion of responsible, sustainable, and
universally accessible tourism, finance, safety, and implementing
rules and regulation worldwide.
a. Market Integration b. Globalization c. Interstate System d. Global state
37. This refers to the creations of the mind, such as inventions; literary
and artistic works; designs; and symbol.
a. Postal Union b. Global invention c. Intellectual property d. Technology
38. A UN specialized agency mandated to promote industrial
development and international industrial cooperation.
a. UNWTO b. UNIDO c. IBRD d. ESCAP
39. An international organization whose primary purpose is to open
trade for the benefit of all.
a. Foreign Direct Investment c. World Trade Organization
b. Multilateral Investment Guarantee Agency d. all of these
40. Which is not belong to the group?
a. IDA b. ITU c. IFC d. MIGA
41. Is an international financial institution which offers concessional
loans and grants to the world’s poorest developing countries?
a. IDA b. IFAD c. IFC d. MIGA
42. Which statement id true about IFC?
a. It offers credits have a zero or very low interest charge.
b. It is an investment for-profit and commercial project.
c. It extends competition rules to purchases by thousands
of government entities in many countries.
43. Which statement id true about WTO?
a. It offers credits have a zero or very low interest charge.
b. It is an investment for-profit and commercial projects.
c. It extends competition rules to purchases by thousands
of government entities in many countries.
44. Which statement id true about IDA?
a. IDA credits have a zero or very low interest charge.
b. IDA is investing in for-profit and commercial projects.
c. IDA extends competition rules to purchases by
thousands of government entities in many countries.
d. IDA supports businesses and other private-sector
entities, and creating jobs.
45. This organization aims to end hunger through achieving food
security and improved nutrition and promote sustainable
agriculture.
a. FDA b. FAO c. DA d. FSD
46. Why IMO follows the UN sustainable goals?
a. Because UN targets to protect and restore the use of
terrestrial ecosystems
b. Because UN promote peaceful and inclusive societies for
sustainable development
c. Because UN wants conserve and sustainably use the oceans,
seas and marine resources
d. Because UN ensure sustainable consumption and production patterns.
47. It codifies the principles and techniques of international air
navigation and fosters the planning and development of international
air transport to ensure safe and orderly growth.
a. International Commission Aviation Organization
b. International Civil Air Organization
c. International Civil Aviation Organization
48. The primary purpose of this organization is to develop and maintain a
comprehensive regulatory framework for shipping, maritime security
and efficiency.
a. International Marine Organization c. International Maritime Organization
b. International Marinetime Organization d. International Marina Group
49. Promoting development of telecommunication insfrastracture and
services , regulatory institutions , and human resources in
developing countries.
a. International Communication Technology c. International Telegraphy Association
b. International Telecommunication Union d. International Telecom Organization
50. It is a specialized agency of the United Nations that leads
international efforts to defeat hunger.
a. International Development Association c. Food and Agriculture Organization
b. International Finance Corporation d. Food and Drugs Association
51. It seeks to develop a balanced and accessible international
property system, which rewards creativity, stimulates innovation,
and contributes to economic development while safeguarding
public interest.
a. World Intellectual Propriety Organization c. World Indigenous People Union
b. World Intellectual Property Organization d. World Intellect Property Organization
52. It is an international financial institution that offers investment,
advisory, and asset-management services to encourage private-
sector development in developing countries.
a. International Development Association c. World Bank Group
b. International Finance Corporation d. Multilateral Investment Guarantee Agency
53. Is an international financial institution which offers political risk
insurance and credit enhancement guarantees.
a. International Development Association c. International Bank Reconstruction Development
b. International Finance Corporation d. Multilateral Investment Guarantee Agency
54. Refers to creations of the mind: literary and artistic works,
inventions, symbols, names, images, and designs used in
commerce.
a. Invention Rights b. Intellectual Property c. Intellectual Protection
55. To promote foreign direct investment (FDI) into
developing countries, to support economic growth, reduce
poverty and improve people’s lives.
a. FDI b. MIGA c. IBRD d. FAO
56. It is a global organization that helps countries and producers
of goods deal fairly and smoothly with conducting their
business across international borders.
a. World Bank Group b. World Trade Organization c. World Tourism Organization
57. This provides commercial-grade or concessional financing to
sovereign states to fund projects that seek to improve
transportation and infrastructure, education, domestic policy
and etc.
a. FDI b. MIGA c. IBRD d. IFC
58. SDG’s stands for:
a. Social development goals b. Sustainable Development Goals c. Sustainable Department Goal
59. The value of the national output produced in a country.
a. Gross National Product
b. Gross Domestic Product
c. Gross National Income
60.A political and economic ideology that positions itself in
opposition to liberal democracy.
a. Capitalism b. Communism c. Socialism d. Developing
61.Term used to describe the economic gap between the
rich northern countries of the world and the south poorer
countries of the world.
a. Geographical Gap b. Global Divides c. North-South Divide d. Economic divides
62. The issue on the distribution of income around the world has
been evident because of?
a. Lack of trade and aid c. well-functioning private and public institutions
b. Stable macroeconomic framework d. migration of people from South to North
63. What has been the major difference of the northern countries to south?
a. Environmental sustainability b. Economic stability c. Political power
64. Which among the following is not an issue of the Brandt line in
global divides?
a. Distribution of income around the world
b. Standard of living
c. Economic competition worldwide
d. Liberalization of market
65. These are the factors that may lead to low standard of living
except for:
a. Neo-colonialism b. Appropriate Infrastructure c. Lack of trade and aid d. Single Crop Farming
66. These are the factors that determine the competitiveness of
economy except for:
a. Appropriate infrastructure c. well-functioning public and private institution
b. Stable macro-economic framework d. Migration of people
67.If the country was observed to have little industrial
development, little wealth, and high population
growth.
a. MDCs b. LDCs c. LLDCs d. MLCs
68.It is the process of dividing an area into smaller segments
called _____________.
a. Localization b. Regionalism c. Globalization d. Glocalization
69. Why United Nations play a very important role in
achieving globalization?
a. Because united nations initiated programs focusing on regional development
and independent progress among nations.
b. Because United Nations has developed programs dedicated to narrowing the
economic gap through its Millennium Development Goals.
c. Because United Nations focused on building excellence and competency
among nations that aimed industrial revolution.
d. All of the above
70. How do we distinguish a developing country?
a. The poorest country around the world.
b. Countries that have relatively low level of access to safe drinking water,
health services and etc.
c. The country with a less developed industrial base and a low Human
Development Index
d. Countries with low economy and the government controls the distribution of
goods and services
e. B and c

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END

Prepared by:

GLENFORD C. FRANCA, MAED, MAT

Instructor I