12/13/21, 4:34 PM GE 7 - MIDTERM EXAM
GE 7 - MIDTERM EXAM
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3. Year/Section: *
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ENG 2A
ENG 2B
SS 2A
SS 2B
MATH 2A
Read the following questions carefully. Then, tick the circle the corresponds to the
correct answer.
4. Why do we need to study the contemporary world? 1 point
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to avoid parochialism
to have easy access to cheaper internet and travel
to become one with local corporations
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to be famous
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5. Which is being described as the “the expansion and intensification of social 1 point
relations and consciousness across world-time and across world space.”?
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Globalism
Globalization
Trade
Internationalization
6. Among the many drivers of globalization, which one is being referred as 1 point
the main driving force?
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Spiritual
Economic
Political
Cultural
7. What is the theory in which globalization is grounded in? 1 point
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Service
Comparative Advantage
Investments
Social Development
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8. What do you call to a policy followed by some international markets in 1 point
which countries’ governments do not restrict imports from, or exports to,
other countries?
Mark only one oval.
Tariff
Trade Bloc
Free trade
NGO
9. What type of economy is being practiced by Japan through their refusal to
all rice imports into their country? 1 point
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Protectionism
Communism
Trade liberalization
Trade bloc
10. Which financial institution has the purpose of lending, as a last resort, 1 point
to prevent individual countries from spiraling into credit crises?
Mark only one oval.
WTO
NGO
NAFTA
IMF
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11. What do you call to a 3-legged stool system that was created to maintain and 1
point ensure a longer-lasting global peace and to prevent the catastrophes from
reoccurring and affecting international ties?
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World bank
Washington Consensus
WTO
Bretton Woods System
12. Which is being referred as a tax levied by a government on imports 1 point
and exports?
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Tariff
Value added tax
Embargo
Silk road
13. What is the greatest contribution of the oldest known international trade 1 point
route?
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Ideas, languages, religions, and cultures
Textile such as silk
Free trade
Spices and gold
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14. Which economic system refers to a system of global trade with 1 point
multiple restrictions?
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Mercantilism
Gold standard
Silk road
Galleon trade
15. Which is being referred as the common basis for currency prices and 1 point
fixed exchange rate – all based on the value of gold?
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Gold Standard
MBS
Mortgage
Fiat Currency
16. What currency arose when America and other European countries started 1 point
abandoning the gold standard?
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Mercantilism
Fiat Currency
Capitalism
Socialism
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17. What is the main driver of efficiency in 1 point
capitalism?
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Love
Fame
Hope
Incentive
18. Abib is a farmer and he loves harvesting his crops all day. From what sector 1 point
does he belong?
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Primary sector
Secondary sector
Tertiary sector
Food sector
19. Mr. Xian Lim, our professor, is a good provider of information. He knows a lot 1 point
of facts about the Philippine history. From what sector does he belong?
Mark only one oval.
Primary sector
Secondary sector
Tertiary sector
Food sector
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20. According to the World Bank, Philippines’ gross domestic product increased 1 point
6.2% in 2018 as compared to the previous year. Which dimension is present in
the statement above?
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Technoscape
Ideoscape
Financescape
Mediascape
21. Angelica really loves watching K-dramas. She uses her allowance to save 1 point
money so she can go to Korea and visit the places she has seen in each
Korean series. Which advantage of globalization is present in the statement
above?
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Education
Travel and Tourism
Communication
Healthcare
22. What was the root of the global financial crisis in 2007- 1 point
2008?
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U.S. removed various banking and investments restrictions.
Japan insisted in putting protectionist measure in their rice products.
U.S. stopped linking its dollar to gold.
Obama implemented the tax cuts for workers and businesses.
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23. To reduce the cost of labor, production and products, China is using the 1 point
process of transferring manufacturing jobs to developing nations. What do
you call to this process?
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Protectionism
Globalization
Outsourcing
Tariff reduction
24. What do you call to the outbreak of inflation in UK in 1960s alongside with a 1 point
rise in their unemployment rate?
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Inflation
Deflation
Hyperinflation
Stagflation
25. Which of the following is not an advantage of 1 point
globalization?
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Education
Communication
Health issues
Cheaper prices
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26. The age of globalization began when all populated continents continuously 1 point
exchange products either directly or indirectly through other continents.
Thus, the Silk Road was the first ever trading system that commenced
globalization.
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The first statement is true while the second statement is false.
The first statement is false while the second statement is true.
Both statements are true.
Both statements are false
27. In France, they allow businesses to operate with little interference from 1 point
the government. What do you call to the policy their are practicing?
Mark only one oval.
Keynesianism
Race to bottom
Collective Goal
Laissez-faire
28. Which is being referred when everyone is expected to work for the 1 point
common good of everybody than on individual profit.
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Keynsianism
Collective goal
Race to bottom
Laissez-faire
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29. Lehman Brothers' dream was to buy a house of their own. However, they 1 point
knew they couldn't because they didn't have extra money for it. What do
they need to get so the dream of buying their own house can be turned
into reality?
Mark only one oval.
Borrow from SSS
Get a mortgage
Get an MBS
Get a certificate of indigency
30. Johnny used to live in extreme poverty. Luckily, an international company 1 point
hired him as one of its employees. Thus, nowadays, he can now provide for
his family. What is the main factor of the development in Johnny’s life?
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Monopoly
Economic Globalization
Galleon trade
Race to bottom
31. R
The issue about the Rice Tarrification Law is the talk of the town in the
Philippines last 2019. It permitted the entry of imported rice while imposing a
a tariff, which varies depending on the volume of imported goods. What
c
economic system is being adapted in this phenomenon?
e
Mark only one oval.
Protectionism t
Mercantilism o
Trade Liberalization
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bo
1 point
tto
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32. In our recent economy, what did the host countries of 1 point
transnational corporation do to prevent prices from raising?
Mark only one oval.
Loosen tax laws
Impose high tariffs
put protectionist measure in local products
rely on the countries’ local raw materials
33. Which is being referred as the one that relies solely on non- 1 point
governmental organizations and on the power of individuals.
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International Organizations
Non-State Regionalism
Regional Organizations
State-to-state regionalism
34. What is the goal Westphalian System? 1 point
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To stir up revolutions
To forbid birth privileges
To exercise complete control over domestic affairs
To heighten interaction between various sovereign states
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35. What fundamental principle of modern state politics refers to the 1 point
internal
and external authority over a territory?
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Metternich System
Nation Sovereignty
Westphalian System
36. Why do you think nation is also called as “imagined community”? 1 point
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because it is not limited
because it can go beyond official boundary
because Napoleon challenged the Westphalian System
because it’s about connection with a particular community of people
37. What do you call to the forbidding of birth privileges and promotion of 1 point
freedom of religion and meritocracy in the government services?
Mark only one oval.
Liberal Internationalism
Metternich System
Napoleonic Code
Westphalian System
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38. Which is referred as the power of IOs that can invent and apply 1 point
categories
and create powerful global standards?
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Power of classification
Power to diffuse norms
Power to fix meanings
Power to wage war
39. Which is the most powerful body of the United Nations that is composed 1 point
of 15 states in which 10 of these are elected by the GA while 5 of which
are considered as the permanent 5?
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The Economic and Social Council
The General Assembly
The Secretariat
The Security Council
40. How did the China, France, Russia, UK and US gain its position as the 1 point
P5?
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They dissolved the COMINTERN
They helped the Axis powers
They were allies who won in WWII
They won an election participated by all member states of GA
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41. Which is referred as the venue for reconciliation and arbitration to 1 point
prevent
another war. Its notable advocate was U.S. President Woodrow Wilson?
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The General Assembly
The Security Council
The Economic and Social Council
The Secretariat
42. Which one is not an attribute of a 1 point
state?
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Exercise authority over citizens
Governs a specific territory
Has a structure of government that crafts rules to follow
has the rights to pass laws for other state
43. How many members does ECOSOC have? 1 point
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5 members
15 members
54 members
193 members
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44. How long can a GA president serve in 1 point
office?
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1 year
2 years
3 years
lifetime
45. What is the other name for Non-State Regionalism? 1 point
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Citizen Diploma Forum
New Regionalism
Old Regionalism
Regionalization
46. Which IO has the task to settle in accordance with international law, legal 1 point
disputes submitted to it by states to give advisory opinions referred to it
by authorized United Nations organs and specialized agencies?
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The General Assembly
The International Court Justice
The Secretariat
The Security Council
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47. Why do countries form regional alliance? 1 point
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Because it is mandated by the Security Council
Because there is strength in number
Because it is mandated by the UN
Because they want to promote religion
48.
Among the power of IOs, which one refers to defining various terms 1 point
which creates effect on various policies?
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Power of classification
Power to diffuse norms
Power to fix meanings
Veto power
49. U.S. President Woodrow Wilson is the most prominent internationalist who 1 point
believed that the world’s nations had a right to free, and sovereign
government. Thus, he forwarded the principle of self-determination.
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The first statement is true while the second statement is false.
The first statement is false while the second statement is true.
Both statements are true.
Both statements are false.
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50. The world is composed of many countries or states. All of them having 1 point
the same form of government.
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The first statement is true while the second statement is false.
The first statement is false while the second statement is true.
Both statements are true.
Both statements are false.
51. Which is being referred as the regional alliance of Eastern European 1 point
countries under Soviet dominations in response to NATO?
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ASEAN
Non-Aligned Movement
OPEC
Warsaw Pact
52. What is the main goal of Non-Aligned Movement? 1 point
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To be the most powerful movement
To pool the resources of member countries
To protect the independence of countries from the pressures of superpower politics
To regulate the production of oil
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53. Which is being referred as the period of geopolitical tension between 1 point
the Soviet Union with its satellite states and US with its allies after WWII?
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Cold War
Hot War
Nuclear War
Civil War
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