Pretest

Question 1

To receive a loan from the IMF, a country must

Revolt · Accepted Answer

agree to make economic reforms.

Question 2

International economic organizations try to help the global economy by

Revolt · Accepted Answer

managing competition between nations.

Question 3

Which international economic organization is made up of leaders from the world’s largest economies?

Revolt · Accepted Answer

Group of 20

Question 4

What would most Americans see as a disadvantage of globalization?

Revolt · Accepted Answer

Jobs move to cheaper labor markets.

Question 5

Poverty reduction is the main goal of the

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World Bank.

Question 6

Improvements to transportation have

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lowered the costs of shipping goods between countries.

Question 7

A multinational corporation is a company that

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operates branches in more than one country.

Question 8

A dispute between two countries about tariffs would most likely be settled by the

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WTO.

Question 9

A company with technical support staff in another country mostly benefits from changes to

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communications.

Question 10

The main idea of globalization is that

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the economies of the nations of the world are closely linked.

Pretest Answers