Ibat Prelim Exam

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03/03/2022, 21:08 IBAT PRELIM EXAM

IBAT PRELIM EXAM


The respondent's email (null) was recorded on submission of this form.

1. Email *

2. Defined as the increased interconnectedness and interdependence of 1 point


peoples and countries.

Mark only one oval.

Globalization

Industrialization

Importing

Exporting

3. Taxes or duties imposed on imports are known as 1 point

Mark only one oval.

Tariffs

Quotas

Subsidies

Standardization

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03/03/2022, 21:08 IBAT PRELIM EXAM

4. Restrictions on the volume of imports for a particular good or service over a 1 point
period of time.

Mark only one oval.

Tariffs

Quotas

Subsidies

Standardization

5. Negative taxes or tax credits that are given to domestic producers by the 1 point
government.

Mark only one oval.

Tariffs

Quotas

Subsidies

Standardization

6. The government of a country may require all foreign products to adhere to 1 point
certain guidelines.

Mark only one oval.

Tariffs

Quotas

Subsidies

Standardization

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03/03/2022, 21:08 IBAT PRELIM EXAM

7. Multinational Corporations or Multinational Companies are corporate 1 point


organizations that operate in more than one country other than home
country.

Mark only one oval.

True

False

8. Member countries of this trade agreement remove trade barriers among 1 point
themselves and adopt common external trade barriers.

Mark only one oval.

Customs union

Common market

Economic union

Full integration

9. A type of trading agreement wherein members remove internal trade 1 point


barriers, adopt common policies when it comes to dealing with non-
members, and allow members to move resources among themselves freely.

Mark only one oval.

Customs union

Common market

Economic union

Full integration

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03/03/2022, 21:08 IBAT PRELIM EXAM

10. A trading agreement wherein members eliminate trade barriers among 1 point
themselves, adopt common external barriers, allow free import and export
of resources, adopt a set of economic policies, and use one currency.

Mark only one oval.

Customs union

Common market

Economic union

Full integration

11. In a free trade agreement, all trade barriers among members are 1 point

eliminated, which means that they can freely move goods and services
among themselves.

Mark only one oval.

True

False

12. Enumerate at least 5 types of Regional Trading Agreements. 5 points

13. Enumerate at least 5 examples/areas of globalization. 5 points

14. 2 pts each. The stages of Internalization. 10 points

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03/03/2022, 21:08 IBAT PRELIM EXAM

15. Discuss the meaning of a "global village". 10 points

16. Discuss the negative effect/s of globalization. 50 points

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