PHILIPPINE ADVENT COLLEGE 8.

Steger defines globalization as the expansion and

Salug, Zamboanga del Norte intensification of:
MIDTERM EXAM a) National economies
SY: 2025-2026 b) Social relations and consciousness
c) Political ideologies
DIRECTION: Read and analyze the question properly, d) Cultural traditions
and shade the number of the correct answer provided on
the sheet. DO NOT WRITE TH QUESTIONNAIRE. 9. The Industrial Revolution has contributed to several
ecological problems, including:
1. Giddens (1990) describes globalization as: a) Increased biodiversity.
a) A single, unidirectional process. b) Climate change.
b) A wholly contradictory process with both c) Reduced pollution.
unifying and fragmenting effects. d) Sustainable resource management.
c) Primarily a phenomenon of economic
integration. 10. Holm and George (1998) define globalization as the
d) The triumph of a capitalist world economy. intensification of:
a) Political conflicts.
2. Wallerstein (1998) views globalization as: b) Economic, social, and cultural relations across
a) A cultural phenomenon. borders.
b) A political process. c) Technological development.
c) A reflection of the triumph of a capitalist world d) Environmental degradation.
economy.
d) A consequence of technological 11. According to Giddens, globalization's impact is:
advancements. a) Uniform across the globe.
b) The same for all social groups.
3. Holm and George (1998) define globalization as the c) Differential, with varying consequences in
intensification of: different locations.
a) Political conflicts. d) Limited to economic spheres.
b) Economic, social, and cultural relations across
borders. 12. McGrew (1990) emphasizes globalization's
c) Technological development. characteristic of:
d) Environmental degradation. a) National self-sufficiency.
b) Multiple sameness and interconnectedness
4. Market globalism advocates for: beyond nation-states.
a) Environmental protection. c) The decline of international relations.
b) A consumerist, neoliberal, free-market world. d) Cultural homogeneity.
c) Social justice.
d) Religious unity. 13. Kanter (1995) describes globalization as the world
becoming a:
5. Justice globalism promotes: a) Global village.
a) Neoliberalism. b) Global shopping mall.
b) A global civil society with fairer relationships. c) Global factory.
c) Religious dominance. d) Global battlefield.
d) National interests.
14. Steger (2009) defines globalization as a set of social
6. Religious globalism aims for: processes that transform our present condition of
a) Secular governance. weakening nationality into:
b) A global religious community. a) Regionalism.
c) Economic integration. b) Globality.
d) Political pluralism. c) Nationalism.
d) Isolationism.
7. Which of the following is NOT a dimension of
globalization as described by Steger? 15. According to Steger, globality is:
a) Economic a) The process of globalization.
b) Political b) A future social condition of thick
c) Technological interconnections.
d) Ecological c) An ideology.
d) A historical event.
16. Which theory focuses on what is happening with
trade? 25. International Trade (IT) involves:
a) Descriptive Theory a) Only the exchange of money.
b) Prescriptive Theory b) Goods, commodities, and services crossing
c) Both Descriptive and Prescriptive national boundaries.
d) Neither Descriptive nor Prescriptive c) Economic self-sufficiency.
d) Political agreements.
17. Which theory focuses on what should be done
regarding trade policy? 26. The General Agreement on Tariffs and Trade (GATT)
a) Descriptive Theory was formed to:
b) Prescriptive Theory a) Restrict international trade.
c) Both Descriptive and Prescriptive b) Set rules and guidelines for international trade.
d) Neither Descriptive nor Prescriptive c) Promote economic isolation.
d) Encourage protectionism.
18. Which of the following is NOT a characteristic of
economic globalization according to the IMF? 27. Economic globalization is characterized by:
a) Increasing integration of economies a) Decreased integration of economies.
b) Movement of goods, services, and capital b) Increasing integration of economies through
c) Result of human innovation the movement of goods, services, and capital.
d) Decreased cross-border interactions c) The decline of cross-border trade.
d) The rise of protectionism.
19. Prescriptive theory considers the role of which
important economic institution? 28. The global economy refers to:
a) Corporations a) Isolated economic activities within nations.
b) Government b) Financial activities among various nations with
c) NGOs positive or negative outcomes.
d) International organizations c) Economic self-sufficiency of individual
countries.
20. Prescriptive trade theory focuses on: d) The decline of international trade.
a) The natural flow of trade.
b) Whether the government should interfere with 29. What is the meaning of IMF?
trade. a) International Monetary Fund
c) Free trade agreements. b) International Migration Fund
d) The benefits of globalization. c) Integration Monetary Fun
d) International Money Fun
21. Descriptive theory addresses questions about trade in
the absence of: 30. The following are the several dimension of
a) International agreements. Globalization, Except?
b) Government restrictions. a) Political
c) Cultural exchanges. b) Cultural
d) Technological advancements. c) Economic
d) None of the above
22. Laissez-faire means:
a) Government intervention.
b) "Leave alone".
c) Trade restrictions.
d) Economic control.

23. Descriptive trade theory deals with:

a) Government intervention in trade.
b) The natural order and movement of trade.
c) Trade restrictions.
d) Protectionist policies.

24. Trade theories can be categorized into:

a) Economic and political theories.
b) Descriptive and prescriptive theories.
c) Cultural and social theories.
d) National and international theories.