Ge 3 Midterm Exam

Republic of the Philippines
COMMISSION ON HIGHER EDUCATION

SAMAR COLLEGES, INC.
Catbalogan City, Samar
COLLEGE OF BUSINESS AND MANAGEMENT
CBM GE 3-THE CONTEMPORARY WORLD

MIDTERM EXAMINATION
Name ____________________________________________ Date _____________________
Course & Year ____________________________________ Score ___________________
Instructor: ________________________________________Rating __________________
Test I. MULTIPLE CHOICE.

Directions: Select your response in the box. Chose the best Answer. Write only the letter
on the space provided before each number. Avoid ERASURE.
a. Global economy f. World system

b. Economic globalizations g. Global corporation
c. International financial institutions h. Economic integration
d. International monetary fund i. Global Interstate system
e. Global civil society j. Internationalism
____ 1. It is the expansion of national economies, the global market driven by modern
technologies and institutional set ups that promote faster and easier low of goods and
capital.
____ 2. An international organization with 183 member countries and exchange stability to
foster economic growth and high employment and to provide short-term financial
assistance to countries to help ease balance of payments adjustments.
____ 3. It is a system of non-government institutions operate across geographical borders
and organize and mobilize for a common issue or cause.
____ 4. It is an enterprise that engages in activities which add value in more than one
country.
____ 5. It is a process of combining or increasing the interconnectivity of national
economies to the regional or global economies.
____ 6. That support a country’ s economic growth through support the government and
now the private sector.
____ 7. It denotes that the economies various countries are more interconnected from
extraction, production, distribution, consumption, to disposal of goods and services.
____ 8. It is base on theory that recognizes that social economic change is not only
endogenous to a country.
____ 9. It’s emphasis on diversity and celebrates multiculturism, while globalism focuses
more on the economic aspect of the exchanges among countries and society.
____ 10. An institutional arrangement of governance that addresses regional or globalized
issues that go beyond the scope of a nation-state.
Test II. IDENTIFICATION.
Directions: On the space before each number. Write the correct word that correspond to
the meaning.
Market integration international law

Corporations national law
Global governance Treaty
International Financial institutions States
Nationality Refugee
___________________ 1. The entities that have rights and responsibilities under the
international law and which the capacity to maintain their rights by bringing
international claims.
___________________ 2. A person who owing to well-founded fear of being persecuted for
reasons of race, religion, nationality and members of a particular group.
__________________ 3. A legal bond as its basis a social fact of attachment, a genuine
connection of existence, interest and sentiments, together with the existence of
reciprocal rights and duties.
__________________ 4. An international agreement conducted between states, in written
form and governed by international law.
__________________ 5. Laws that regulate relations of states and international persons.
__________________ 6. A collective-efforts to identify, understand, and address
worldwide problem that go beyond the problem-solving capacities of states.
__________________ 7. Laws that regulate individuals among themselves, or within the
state.
__________________ 8. A private institution that produces or manufacture goods,
products, and services for a more expanded market usually at the reach of region or
the world.
__________________ 9. It is a process by which economies are becoming more
interdependent and interconnected in term of commodity flows including externalities
and spillover of impacts.
__________________ 10. An institution that provides support through loans or grants a
technical advice to promote a country’s economic and social development.
Test III. TRUE OR FALSE

Directions. Write C if the statement is True, and W if the statement is False.
_____ 1. Globalization has opened the doors for other non-state authority and actor in
driving economic globalization.
_____ 2. The process of global economic integration is not modern phenomenon.
_____ 3. The global civil society has made its mark in global development are
particularly during the UN conference on Environmental Development in 1992.
_____ 4. International Monetary fund gives loans to governments for large-scale

projects.
_____5. Global civil society composed individual advantages that affects the
globalization of the world economy.
____ 6. Economic globalization is the expansion of national economies, the global

market driven by modern technologies and institutional set up.
____ 7. An interstate system is the form of governance for globalization.
____ 8. The governance of global relations goes beyond nation-state governments.
____ 9. The world bank is an international financial institution that provides loans to
countries of the world for capital projects.
____ 10. The right to legation pertains to the right of the state to send and receive
diplomatic missions, which enable states to carry on friendly intercourse.
Test IV. ESSAY TYPE. (5 points each)
1. What is an example of globalization initiatives affecting local governments?

Explain its benefits and challenges.
2. Explain how the Philippines participated in addressing this Global predicament.

3. What social and environmental safeguard should be developed and
implemented in order to ensure that benefits of global market integration are
distributed with greater equity and respect for local culture and environment?
4. Explain the role of international institutions in the creation of a global economy.
GoodLuck and Godbless!!!

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Republic of the Philippines

COMMISSION ON HIGHER EDUCATION

CBM GE 3-THE CONTEMPORARY WORLD

Test I. MULTIPLE CHOICE.

a. Global economy f. World system

Market integration international law

Test III. TRUE OR FALSE

_____ 2. The process of global economic integration is not modern phenomenon.

_____ 4. International Monetary fund gives loans to governments for large-scale

____ 6. Economic globalization is the expansion of national economies, the global

____ 7. An interstate system is the form of governance for globalization.

____ 8. The governance of global relations goes beyond nation-state governments.

Test IV. ESSAY TYPE. (5 points each)

1. What is an example of globalization initiatives affecting local governments?

2. Explain how the Philippines participated in addressing this Global predicament.

4. Explain the role of international institutions in the creation of a global economy.

GoodLuck and Godbless!!!

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