Ss1 Contemporry World Final Exam
Ss1 Contemporry World Final Exam
Ss1 Contemporry World Final Exam
FINAL EXAM
Name:________________________________ SY/Sem:________Course:_______________
1. It is a term used to describe the changes in societies and world economy that result of cultural exchange.
a. Liberalization b. Internationalization c. Globalization d. Culturalization
2. The Philippines has its part in the process of globalization when it signed its agreement with World Trade
Organization in ______.
a. 1994 b. 1995 c. 1996 d. 1997
3. Which of the following is the driver of globalization?
a. Trade barriers and controls on inflows of foreign direct investment
b. Weak competition
c. Technological advance
d. Economies of scale are being exploited to the maximum
4. Globalization represents an increasing integration of all the following except:
a. Economics b. Communication c. Culture d. Morals
TEST II- INSTRUCTION: Read the statements carefully and use the BLANK for your answer. Write F if the
statement is True and T if False.
______26. Regionalism refers to the political process characterized by economic policy.
______27. The challenge for new regionalists is that they differ from traditional state regionalism when it
comes to identifying problems.
______28. The power of classification secures the development need to be well defined.
______29. One of the disadvantages of globalization is it has given rise to more health risk and present new
threats and challenges for epidemics.
______30. World Bank is part of the regional organization.
______31. International organization can be sources of both great good and great harm.
______32. Communication slows down transportation of goods
______33. A financial crisis in one country could spread to other countries and create crisis there.
______34. The United Nations’ main goal is to maintain world peace and security
______ 35. The General Assembly of United Nation is also called as parliament of nation.
TEST III- INSTRUCTION: Write 5 different definitions about Globalization from different
authors/philosophers/study or dictionaries. Make sure to present at least 2 evidence or supporting details for
your answer. (3 points each item)
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TEST IV- INSTRUCTION: For the essay, write a minimum of 5 sentences in each paragraph. Below is the
criteria on how are you graded. (10 POINTS EACH)
1. What changes, both positive and negative do economic globalization bring to people’s way of life?
2. Do you agree with the idea that the contemporary world is characterized by high liquidity? Why or Why
not?
CRITERIA:
Content - 5
Grammar - 3
Technicalities – 2
Total 10 Points