Question 1

When different countries are positioned within a global ranking system,those countries are,by definition,

Accepted Answer

When countries are ranked within a global system, they are stratified - meaning they are organized into a hierarchy or system of levels. This can be based on various criteria, such as economic development, political stability, or quality of life. Globalization refers to the interconnectedness and interdependence of countries and a ranking system does not necessarily indicate this. Colonization refers to the political and economic domination of one country over another, which may have been the case historically but is not necessarily the case with a global ranking system. Systematized is not an accurate term as the ranking system is a method of organizing countries within a global context, but it is not a system in and of itself.

Question 2

This type of economy refers to the state's managing the production and distribution of goods.

Accepted Answer

A command economy refers to a system in which the government controls the production, distribution, and pricing of goods and services. In this system, businesses and individuals do not have a say in what is produced or how it is distributed, and prices are typically fixed by the government.

Question 3

Which term refers to the political,economic,and cultural domination of countries in Asia,Africa,and the Americas by European countries starting in the sixteenth century?

Accepted Answer

Colonization refers to the establishment and maintenance of political, economic, and cultural control over a territory and its inhabitants by a foreign power. European countries such as Spain, Portugal, France, and England engaged in colonization in Asia, Africa, and the Americas starting in the sixteenth century, leading to the domination and exploitation of these regions. Globalization, on the other hand, refers to the increasing interconnectedness and interdependence of countries in the world economy, and is a more recent phenomenon. Command economy and global stratification are not directly related to the historical process of European colonization.

Question 4

As discussed in the text,an important technological innovation that contributes to globalization is

Accepted Answer

Container shipping is the best choice because it has significantly reduced the cost of transportation, making it more efficient and allowing goods to be transported more easily across the globe. It has also facilitated the growth of multinational corporations and supply chains that span multiple continents. While other innovations such as the car, airplane, and railway have also contributed to globalization, container shipping has had the most significant impact.

Question 5

Large companies based in one country with overseas operations in two or more other countries are known as

Accepted Answer

Transnational corporations are often referred to as multinational corporations as they have operations in more than one country. They are large companies that operate on a global scale with significant investments in foreign countries. They are also known for the ability to integrate their operations across borders and for having a decentralized management structure.

Question 6

The terminology associated with "development" is problematic for the following reasons except which one?

Accepted Answer

The terminology associated with "development" is problematic because it has a Western bias, the term underdeveloped suggests the lack of any economic talent or exposure, and the term underdeveloped implies that some countries are lesser than others. However, the term developing does not necessarily reflect the natural development of any nation as it implies a linear process of development towards a Western ideal and may not take into account other cultural or societal factors that shape a country's path of development.

Question 7

As reported by the International Labour Organization (ILO),this percentage of workers lives in poverty today.

Accepted Answer

The answer of As reported by the International Labour Organization...

Question 8

_____________ refers to the inability to secure the goods and services required to live a life equal to working-class standards.

Accepted Answer

Relative poverty refers to the situation where individuals or families have significantly less income or resources than the average for their society or community, making it difficult for them to maintain a standard of living considered acceptable or 'normal' in that context. Unlike absolute poverty, which is about survival, relative poverty is about being able to participate in society.

Question 9

Which of the following is not a contributing factor to globalization?

Accepted Answer

There is no such thing as the "international trading fund" that has contributed to globalization. It may be a misinterpretation of the International Monetary Fund (IMF), which does play a role in promoting international trade and finance, making options A, B, and C all valid contributing factors to globalization.

Question 10

The "Four Little Asian Tigers" of Hong Kong,Singapore,South Korea,and Taiwan are considered

Accepted Answer

The Four Little Asian Tigers, Hong Kong, Singapore, South Korea, and Taiwan, are considered newly industrialized countries (NICs). These countries have undergone rapid economic growth and development, but they do not have the same level of economic development as first world countries. They are also not classified as developing countries or third world countries.

Question 11

Contemporary sociologists prefer to use the term _______________over the term Third World.

Accepted Answer

Contemporary sociologists prefer to use the term Global South over the term Third World as it refers to countries that are economically and politically marginalized in the global system, regardless of their geographical location. It also acknowledges the fact that some countries in the Global South may have advanced economies and societies, while some countries in the Global North may still face poverty and underdevelopment. This term emphasizes the need for global cooperation and solidarity in addressing the challenges faced by marginalized countries.

Question 12

This refers to the worldwide exchange of money,goods,and services as well as the socio-cultural changes that accompany increasing trade and human contact.

Accepted Answer

Globalization refers to the interconnectedness of economies and cultures around the world, facilitated by advancements in technology and transportation. This exchange of money, goods, and services is a key aspect of globalization. The term imperialism usually refers to a historical period when European powers engaged in the colonization and exploitation of other territories, and does not accurately describe the current global economic system. Social progress and homogenization may be outcomes (intended or unintended) of globalization, but do not refer specifically to the exchange of money, goods, and services.

Question 13

Which statement below reflects a critique of First World,Second World,and Third World terminology?

Accepted Answer

The use of "First World", "Second World", and "Third World" terminology implies a Western bias as it originated during the Cold War and was based on political alliances rather than the economic and social development of countries.

Question 14

GDP refers to

Accepted Answer

GDP stands for gross domestic product, which is the total market value of all final goods and services produced within a country in a given period of time.

Question 15

Which of the following is not an example of globalization and inequality?

Accepted Answer

Option D does not represent an example of globalization and inequality. In fact, wealth being transferred from corporations to workers is an example of reduced inequality. The other options (A, B, and C) all demonstrate examples of globalization leading to economic inequality across different groups of people.

Question 16

Which of the following is not a factor that contributes to globalization?

Accepted Answer

The decrease in worldwide trade would actually hinder globalization rather than contribute to it. Therefore, it is not a factor that contributes to globalization. Technological change, political change, and economic change are all significant factors that fuel globalization.

Question 17

What has global development's impact been on the gap between rich and poor around the world?

Accepted Answer

Global development has primarily benefited developed countries and their economies, widening the gap between them and developing nations. The focus on economic growth and international trade has led to exploitation and inequality, resulting in increased poverty and marginalization for many people in developing countries.

Question 18

Previously poor countries in Asia and Latin America that have begun to industrialize are now referred to as

Accepted Answer

The term "newly industrialized countries" (NICs) is used to refer to countries that have rapidly industrialized and experienced strong economic growth in recent decades. Many of these countries were previously considered developing nations, but have made significant progress towards becoming industrialized countries. Some examples of NICs include South Korea, Taiwan, Singapore, and Mexico.

Question 19

Which answer is inconsistent with globalization today?

Accepted Answer

This answer suggests that there are exceptions to globalization, but in reality, even the fruits and vegetables we consume have become products of a globalized market, as they are often imported/exported across borders to meet consumer demand year-round. Therefore, this answer is inconsistent with the reality of globalization today. The other options (A, B, and D) are consistent with the characteristics and trends of globalization.

Question 20

____________ refers to a failure to meet the basic needs of life.

Accepted Answer

Absolute poverty refers to not having enough resources to meet the basic needs for survival, such as food, water, shelter, and clothing. It is the most severe form of poverty and is often characterized by malnutrition, disease, and high mortality rates. Relative poverty, on the other hand, refers to a condition in which individuals or families have fewer resources than others in their society and are unable to participate fully in the economic and social life of their community. Trickle-down theory is an economic concept that suggests economic benefits given to the wealthy will eventually trickle down to benefit the poor. Global poverty refers to poverty at a global level and is often measured using metrics such as the number of people living on less than $1.90 per day.

Quiz 19: C: Globalization