Republic of the Philippines PARTIDO STATE UNIVERSITY Camarines Sur PSY-SYL-___-___PSY-SYL-___-___ PSU-TQM-GE3 v MIDTERM EXAMINATION GE3-The Contemporary World Second Semester, Academic Year 2021-2022 Name:______________________________________________________ Course and Section:____________________________________________ Result: __________________ Date Taken:_______________ Part I. Multiple Choice Direction: Encircle the letter of the best answer. 1. With the rise of industry came new tools like steam engines, manufacturing and mass production. So factories popped up and instead of working at home they now work as wage laborers and becoming more specialized in their skills. Which of the answer below shows the major economic revolution in the history of global market integration? a. Interdependence between nations. b. Increased competition c. Industrial revolution d. Actively involved in the development. 2. One of the risks of Globalization in contemporary world was that technology has reduced the role of human labor and shifted it from a manufacturing-based economy. What do we call the 3rd change that happened in the global market integration a. National Sovereignty c. Information Revolution b. Interdependence d. Economies of Scale 3. Companies that extend beyond the borders of one country or does business all over the world are called a. Economies of Scale c. Global corporations b. Foreign Direct Investment d. Technological Innovation 4. Transnational Corporations have a significant role in the global economy except a. Influence the economy and politics by donating money to specific political campaigns. b. Influence the global trade laws of the international regulatory groups c. The British vote to leave the European Union. d. Lower prices of products and more employment worldwide. 5. 12,000 years ago, people were hunter gatherer but when they learned how to domesticate plants and animals and found it productive, they now focus in farming. The first big economic change was a. Economies of Scale c. Foreign Direct Investment b. Economic Stability d. Agricultural Revolution 6. Which among the choices given below is an example of transnational trade agreement? a. WTO b. NAFTA c. RED CROSS d. None of the above 7. According to this person, process of world shrinkage, of distances getting shorter, things moving closer. Who is this Swedish journalist who said tis line? a. Manfred Steger c. Robertson b. Thomas Larson d. Victor Roudomet 8. What do we call the barrier which used an imaginary line such as the nine dash line used by the People’s Republic of China in their claim to South China Sea? a. Man-made barriers c. natural solid b. Modern man made solid d. bodies of water 9. What is the generation name born 1996 to 2010? a. Generation Y c. Generation X b. Generation Z d. Gen Alpha 10. The vision of the Partido State University is to be the leading University in geology, bio-resource science and environmental management in the Bicol Region. a. False b. True c. Maybe d. I don’t know 11. Listed below are the threats to state sovereignty, except for: a. Global financial flows b. Multi-national corporations c. Global media corporations d. Joining supranational alliances 12. __________ is primarily linked with the idea that states are autonomous and independent from each other. Within their own boundaries the members are free to choose their own form of government. a. Interstate system c. Modern globalization b. Global Trade d. Sovereignty Effectivity Date: February 3, 2014 Rev. No.: 00 Page 1 of 3 Republic of the Philippines PARTIDO STATE UNIVERSITY Camarines Sur PSY-SYL-___-___PSY-SYL-___-___ PSU-TQM-GE3 13. One of the reasons that a country should be recognized as a sovereign state a. Collective identity c. Centralized government b. Political concept d. Declaration of Independence and a UN member 14. It refers to the increasing interdependence of world economies as a result of the growing scale of cross border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. a. Interstate System c. European Union b. Market Integration d. Economic Globalization 15. Listed below are the types of globalization, except for: a. Economic c. Social b. Political d. Union 16. In 1995, the members of the ASEAN signed a deal committing to refrain from the use of nuclear weapons, including on land and in maritime territories. What was the deal created by the ASEAN members? a. Nuclear free zone b. Treaty of amity and cooperation c. ASEAN charter d. ASEAN economic authority 17. What is the regional grouping that promotes economic, political and security cooperation among its ten members. a. ASEAN c. AEC b. WHO d. ASCC 18. ASEAN’s fourth largest trading partner a. United States b. Japan c. China d. United kingdom 19. Most economists agree that globalization provides a net benefit to individual economies around the world. Some of these benefits were listed below, except for: a. Asking for love c. Limiting military conflicts b. Increasing competition d. Making markets more efficient 20. Globalization benefits world economies and provides a net benefit to nations around the world and therefore should be embraced on the whole by governments and individuals. a. True b. False c. Maybe d. I don’t know 21. During the cold war, the primary global division was between east and west, and predicated upon security and power balance. a. True b. False c. Maybe d. I don’t know 22. The North has always seemed to have an advantage over the South and the biggest advantage that allowed the North colonize the South was the technological advancement a. True b. False c. Maybe d. I don’t know 23. How many countries currently comprise the least developed countries of the Global South, based on the criteria used by the UN Economic and Social Council.? a. Forty-five countries c. Forty-nine countries b. Forty-six countries d. Forty-eight countries 24. Listed below are the 5 founding members of ASEAN, except for: a. Indonesia c. Pakistan e. Singapore b. Malaysia d. Philippines f. Thailand 25. Listed below are the objectives of ASEAN Declaration of 1967, except for: a. Accelerate economic growth. b. Contain the spread of communism. c. Promote regional peace and stability. d. None of the above. 26. What period of media where it started the information revolution which transformed markets, businesses, schools, etc. a. Oral c. Script b. Digital media d. Printing press 27. A means of conveying something, such as a channel of communication, is known as what? a. Media c. Channel b. Hoax d. Telephone 28. What is the oldest form of communication? This communication allowed humans to cooperate. a. Electronic c. Print b. Oral d. Script 29. Globalization may have implied on faith in the following possible impact, except for: a. Religion is being eroded. b. Religion is being strengthened. c. Religion is declining but it has developed new identities of hybridity. d. Religion is impossible. Effectivity Date: February 3, 2014 Rev. No.: 00 Page 2 of 3 Republic of the Philippines PARTIDO STATE UNIVERSITY Camarines Sur PSY-SYL-___-___PSY-SYL-___-___ PSU-TQM-GE3 30. Geographic location hampers the economic development in Global South countries. a. True b. False c. Maybe d. I don’t know Part II. Modified TRUE or FALSE Direction: Write T if the statement is True and F if the statement is False. Write your answer on the space provided before each number. 31. Globalization is not the increasing connection of the world’s economic, cultural and political system. 32. The future of globalization is not difficult to predict. 33. Globalization is not a set of complex, sometimes contradictory, social processes that are changing our current social condition based on the modern system of independent nation-states. 34. Globalization is not about liberalization and global integration. 35. Globalization did not further the spread of democracy around the world. 36. The North and South divide arose during the Cold War in the mid 20 th century. 37. Globalization was also driven by the global expansion of multinational corporations based in the United States and Europe, and worldwide exchange of new developments in science, technology and products. 38. Today, the economies of most countries are so interconnected that they form part of a single, interdependent global economy. 39. The general public tends to assume that the costs associated with globalization outweigh the benefits, especially in the short-term, which has caused problems. 40. Globalization leads to the interdependence between nations, which could cause regional or global instabilities if local economic fluctuations end up impacting a large number of countries relying on them. 41. North and South gap is not a term used to describe the economic gap between the rich northern countries of the world and the south poorer countries of the world. 42. Many of the people in the global south did not face poverty, war and tyranny. 43. Globalization and media have partnered throughout the whole human history. 44. Oral Communication in essential but imperfect. 45. The printing press helped foster globalization and knowledge of globalization. 46. In order to emerge and spread, therefore, religions make good use of the technologies of globalization. 47. Global North is poor and less developed regions while global south is richer and developed region. 48. Global South serves as the source of raw materials for the North. 49. Media have made globalization impossible. 50. Globalization continues to be the most widely accepted solution to ensuring consistent economic growth around the world. Prepared by: Reviewed by: Approved: MARIA FE C. MELITON LIZEL DC. ATOLE, MSc. JONI NEIL B. CAPUCAO, DIT FACULTY PROGRAM DIRECTOR DEAN Effectivity Date: February 3, 2014 Rev. No.: 00 Page 3 of 3