Republic of the Philippines

B UNIVERSITY OF EASTERN PHILIPPINES

Pedro Rebadulla Memorial Campus
Catubig, Northern Samar

MIDTERM EXAMINATION IN GE 5
(The Contemporary World)
2nd Sem. / A.Y. 2018-2019

NAME: _________________________________ COURSE/YEAR: ___________ DATE:______SCORE: _____

I. MULTIPLE CHOICES: Identify each of the descriptions/statements and give its appropriate terms/words.
Choose the letter of your choice. WRITE IT ON YOUR ANSWER SHEET.

Note: (ANY KIND OF ALTERATION/ERASURES MEANS WRONG)

a. It includes any industry involved in the extraction and
1. Finding the origin of globalization is a daunting task, collection of natural resources.
because for some it is a long-term cyclical process. b. It includes industries that produce a finished, usable
a. Hardwired d. Events product or are involved in construction.
b. Cycles e. None of the above c. The service sector consists of the production of
c. Epoch services instead of end products.
d. It involves the provision of services to other
2. These are required fees on imports and exports businesses as well as final consumers.
products.
a. Tax d. Quota 10.Primary Sector = Raw Materials;
b. Tariff e. Registration Secondary Sector = _____???
c. Subsidy a. Farming Services c. Services
b. Manufacturing services d. Information services
3. He is the model of what he called the “capitalist world c. Services e. Information services
economy”.
a. Kenichi Ohmae d. Robert Cox 11. Gaisano Grand Mall (Catarman) is an example of
b. David Harvey e. Anthony Giddens what economic sector?
c. Immanuel Wallerstein a. Corporations c. Manufacturing Services
b. Services d. Information Services
4. In world systems theory, this are the industrialized
capitalist countries; the most influential countries; control 12. It refers to the increasing integration of economies
and profit the most. around the world, particularly through the movement of
a. Core c. Semi-periphery goods, services and capital across borders.
b. Periphery d. External a. Informational Revolution d. Industrial Revolution
b. Economic Globalization e. Internationalism
5. How do you describe a peripheral regions? c. Globalization
a. Tend to have very high social inequality because of
small upper classes that own most of the land and have 13. How will you define internationalization?
profitable ties to multinational corporations. a. Growing scale of cross-border trade
b. A market for exports b. Extension of economic activities
c. Relatively independent of outside control c. Increasing integration of economies
d. These regions often have relatively developed and d. The process of increasing involvement of enterprises
diversified economies but are not dominant in in international market
international trade.
14. The following are the important contributions of “Silk
6. Which is an example of a semi-periphery country? Road” in global history, except for:
a. Norway c. Brazil a. Primitively connected the goods circulation between
b. Portugal d. Malaysia the east and the west of the world.
b. A symbol of the Chinese nation's going to the world.
7. Which of the following is typically NOT a characteristic c. Was a famous land trade route that traversed Asia and
of less developed countries? connected Eurasia in ancient times.
a. Extreme disparities in income exist between rich d. A symbol of America’s greatest connection to Asia.
and poor.
b. The standard of living has generally been rising. 15. Which is not a part of interconnected dimensions of
c. Large portions of the population are highly skilled an economic globalization?
and educated. a. The globalization of production.
d. Large portions of the population engaged in b. The globalization of technology and communication
agricultural activity. c. The globalization of religion
d. The globalization of trade of goods and services
8. It is the social institution that organizes all production, e. The globalization of financial capital and capital
consumption and trade of goods in the society. markets
a. Trade d. Producers
b. Manufacturer e. Corporations 16. Relatively, the period before the WWI was considered
c. Economics the “golden age of globalization”.
a. True d. Not so
9. How will you identify a primary sectors in an economic b. False e. Opinion
production systems? c. Maybe
17. Which is NOT an element of a state? 29. An international financial institutions, its goals are to
a. Church c. Government eradicate poverty and funded specific projects that helped
b. People d. Territory them reach goals, especially in poor countries.
a. IMF d. WTO
18. State is a political concept: Nation is ________? b. IBRD e. WB
a. Political Concept d. Social Concept c. GATT
b. Territoriality e. Cultural Concept
c. Sovereign 30. What is Globalization?
a. The process of someone trying to take over the
19. “The United States government believes that the world
terrorists who coordinated the attacks on America on b. The process by which people their ideas and their
September 11, 2001 were associated with Al Qaeda”. activities in different parts of the world become
What specific challenges to National/Identity Movements interconnected
is this? c. When we all do the same thing
a. Global movements c. Human rights movement d. Never heard of it
b. Internal Intervention d. International organizations
31. Examples of Globalization are:
20. The following are the traditional challenges to a a. Internet
state, EXCEPT FOR: b. Attending lectures by a British professor teaching in
a. Human Rights movement c. Internal political an American University
challenges c. Selling local products in the global market
b. External Interventions d. Regional d. All of the above.
organizations
21. What is the definition of globalism? 32. What is meant by the phrase 'global village'?
a. A global village a. The world is shrinking physically.
b. interdependence of cultures and people in all part of b. The world feels like a smaller place.
the world c. Village designs in the world are becoming
c. An industrial and commercial technology standardized.
d. Connections of electronic technology d. Teleports allow much quicker travel.

22. A technological paradigm, associated with computer 33. Which of the following best describes concept of a
science and modern telecommunication, which replaces global 'intensification of consciousness'?
industrialism. a. As journey and communication times increase, our
a. Informationalism b. Information Technology awareness of the world increases.
b. As journey and communication times decrease, our
23. It involves movements of ideas, information, and awareness of the world decreases.
images and of people who carry ideas and information c. As journey and communication times decrease, our
with them. awareness of the world increases.
a. Social and cultural globalism d. As journey and communication times increase, our
b. Informational Globalism awareness of the world decreases.
c. Technological globalism
d. Environmental Globalism 34. Which of the following is TRUE of the global
economy?
24. The UN was established in which year? a. It is regulated by the European Union.
a. 1985 d. 1955 b. Markets and economies across the globe are
b. 1935 e. 1925 interconnected and affect each other.
c. 1945 c. It is a political organization.
d. It has its headquarters in New York.
25. A monetary system in which the standard economic
unit of account is based on a fixed amount of gold. 35. Which of the following is an example of a physical
a. The Gold Standard aspect of globalization?
b. International Monetary System a. Data travelling through computer networks.
c. The Bretton Woods System b. Goods being transported across borders
d. European Monetary Integration c. Television signals broadcast by satellite
d. The imagery of global brands
26. An agreement on currencies, where the US dollar was
seen as a reserve currency linked to the price of gold. 36. Most of the top 50 largest global organizations have
a. The Gold Standard headquarters in the developed world, while cheap
b. International Monetary System manufacturing labor is often subcontracted to the
c. The Bretton Woods System developing world. This is evidence of what in the
d. European Monetary Integration global economy?
a. Politics c. Culture
27. An international institutions that focused on trade b. Inequality d. Technology
goods through multinational trade agreements.
a. IMF d. WTO 37. This word will defined as a concept, that describe the
b. IBRD e. WB changes in societies and the world economy that are the
c. GATT result of dramatically increased cross-border trade,
investment and cultural exchange.
28. An international institutions, that provide short-term a. Development c. Globalization
financial assistance in case of temporary balance of b. International Trade d. Economic Growth
payments.
a. IMF c. GATT 38. Globalization has gained many connotations. It
b. WB d. WTO pertains to the following, except for;
a. Progress c. International Relation
b. Development d. Religion 49. What was the Industrial Revolution?
a. The birth of cars c. The start of America
39. One of the Social Science disciplines, which focuses b. Spread of mass production d. The start of Walmart
on the allocation of resources to satisfy the unending
needs of the people despite of limited sources. 50. Why is the Industrial Revolution important to history?
a. Technological c. Social a. It's not.
b. Economics d. Cultural b. Beacuse the inventions of the revolution led up to the
inventions of today.
40. With this course subject (The Contemporary World), c. Beacuse it made America better than France.
what values will you be able to possess after? d. Beacuse a lot of important thing happened then.
a. Global Nationalism d. Global Patriotism
b. Global Millennialism e. Global Citizenship 51. What is Capitalism?
c. Global Ethical Responsibility a. A system where the government controls business
b. An economic system where the means of production
41. “Globalization is an unavoidable occurrence” are privately owned and operated for profit
a. True d. Not so c. A economic system in which the people have limited
b. False e. A&B rights
c. Maybe d. An economic system in which most property and
resources, such as factories or farms, are publicly
42. Fact: Of the 114 definitions by the Geneva Center for owned or controlled.
Security Policy in 2006, 67 of them is referred to what
specific dimensions? 52. Which is NOT a characteristic of Capitalism?
a. Political d. Cultural a. Market Economy c. Freedom of competition
b. Economic e. Social b. Supply and Demand d. Classless Society
c. Physical
53. ______________get to make the economic
43. Globalization began as to mention that commerce decisions under capitalism.
(trade), religion (missionary work), adventures(warfare), a. Individuals c. Literally no one
and conquest(politics) are the “urges” of people toward a b. Government d. The President
better life.
a. Hardwired d. Events 54. The government or groups of workers might control
b. Cycles e. None of the above these resources but the profits are divided among the
c. Epoch people.
a. Capitalism c. Socialism
44. As to the origin and history of globalization, some of b. Communism d. Mixed Economy
historical occurrences has been regarded as factors to
origins of globalization, considered the discovery of 55. Government owns some industries.
Columbus to the AMERICA, the circumnavigation of the a. Socialism c. Capitalism
globe by Magellan and others. b. Communism d. Mixed economy
a. Hardwired d. Events
b. Cycles e. None of the above 56. What is information technology?
c. Epoch a. Technology that enables information to be used to
produce products & services
45. An agreement that calls for the gradual removal of b. Technology that contains all of the important
tariffs and other trade barriers on most goods produced information of a business
and sold in North America is known as c. A network that connects people
a. NAACP d. NATP d. Computer engineer
b. NAFTA e. OPEC
c. ASEAN 57. These orbited space and allowed tv news and
programming to be seen all over the world.
46. The Agricultural Revolution had two components, the a. Computers c. Cables
harvesting of crops and the ________ of animals. b. Satellites d. Internet
a. Extinction c. Hunting
b. Domestication d. Zoology 58. These enable businesses to process huge amounts
of data at a very fast pace.
47. Which of the following is considered the contributing a. Computers c. Laptops
factor in the development of Agricultural Revolution? b. The Internet d. Call Centers
a. A dramatic drop of in overall temperatures globally
b. Industrial Development 59. What is a financial institution?
c. New laws that provided government funds to start-up a. A firm that makes money off of selling products
farms b. An intermediary that helps channel savings into
d. Improved crop yield economic investments
e. A drop in the population in Great Britain c. A corporation that typically falls into debt
d. A primary source of selling company investment
48. Prior to the Industrial Revolution, which of the strategy
following best describes manufacturing?
a. Manufacturing did not exist prior to the Industrial 60. Primary labor markets :high incomes,job security,
Revolution. white collar profession
b. Individual families produced goods by hand or on Secondary labor markets: __________________?
individual spinning wheels. a. Retirement packages c. Lower-skilled jobs
c. Multinational corporations create a global assembly b. Benefits to worker d. Less job security
line of production.
d. Large factories located in cities were owned by
corporations.
61. An example is of an unskilled worker.
a. janitor c. lawyer
b. teacher d. doctor 70. This allows people to email each other anywhere
and provides fast access to all kinds of information.
62. An example of a skilled worker. a. Satellites b. The Internet
a. police c. grocery clerk
b. janitor d. farm laborers

63. Nike, Google and Apple are examples of.....

a. Sole Proprietorships c. Corporations
b. Partnerships d. Franchises

64. A corporation is a legal entity that is separate and

distinct from its owners.
a. True b. False

65. What's a pro about Multinational Corporations?

a. Corporation’s c. Countries that are
poor are misused
b. Poor countries have the chance of improving living
standards

66. What is a transnational company?

a. Moving across the world
b. Large global firms that operate in a number of
countries
c. Getting a job from a company that’s in a different
country than you are in
d. Selling goods to countries

67. Which is NOT TRUE about a state?

a. Is a political unit that has authority over its own
affairs.
b. It regulates relations among its own people and with
other states.
c. It sets economic policies for a country.
d. Its borders are recognized by other countries.

68. “Globalization and inequality are closely related.”

a. True b. False

69. Religious ideas had scattered on a global scale

through countless websites and Internet that allow people
to contact worldwide. How was this means of
dissemination been made possible?
a. Media
b. Information Technology
c. Information technology
d. Forums
e. Debates

GOOD L U C K !!!!!!!

PREPARED BY:

MARIA MAY G. ACONGA

Instructor-II