GLOBAL ECONOMY
Test Your Knowledge: Global Economy Quiz
Welcome to our Global Economy Quiz! This engaging quiz is designed to test your understanding of key concepts and facts about globalization and its impact on the world economy. Whether you are a student, a teacher, or someone interested in global economic trends, this quiz is for you.
- 10 thought-provoking questions
- Multiple choice format
- Score yourself and learn something new!
Globalization brings down the power of other nations while the rich nations advance more in their economy.
True
False
Globalization gives a chance to help developing countries move up to the level of industrial countries
True
False
The term "globalization" was first officially used in the article "The Globalization of Markets" by Theodore Roosevelt
True
False
GDP reflects differences in the cost of living and the inflation rates of the countries
True
False
China has surpassed America on being the largest trading nation in the world
True
False
The European Union is composed of 18 countries.
True
False
Due to recession faced by the USA during the regime of Obama, President Trump wants to abolish BPOs from other countries, especially in the Philippines.
True
False
GDP Per Capita, underemployment Rate and war standings enable us to judge the economic status of a certain country.
True
False
Global Economy is the economy of the world.
True
False
Purchasing Power Party or PPP allows for economists to compare economic productivity and standards of living between countries.
True
False
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