DANICA JOYCE C.

LORO
CTE 111 / BSED

SELF – ASSESSMENT WITH FEEDBACK NO. 1

Direction: Identify the answer in the following questions. Write your answer in the space
provided before each number.

Silk Road 1. It is known as the oldest international trade route with a network of
pathways in Ancient world from China to Middle East and to Europe.
Age of Globalization 2. It begins when “all important populated continents began
to exchange products continuously – both with each other directly and indirectly
via other continents – and in values sufficient to generate crucial impacts on all
trading partners.
The Great Depression 3. This depression was the worst and longest recession
experienced by the Western world.
International Bank for Reconstruction and Development (BRD or World Bank) 4.
It was created to be responsible for funding postwar reconstruction projects.
Early 1970's 5. This year, oil price sharply increase as a result of the
Organization of Arabic Petroleum Exporting Countries imposition of an embargo