Westernization and Commoditization — Unit test

Question 1

How do “global teens” differ from teens of other generations as a result of commoditization?

Revolt · Accepted Answer

Teens, whether in America or Thailand, have access to the same pop culture.

Question 2

According to Walt Rostow's modernization model, a country becomes developed when __________.

Revolt · Accepted Answer

it has an economy based on the production of goods and services demanded by the global economy

Question 3

The flying shuttle, the spinning jenny, and the water frame were all advancements in the __________ industry.

Revolt · Accepted Answer

textile

Question 4

Which of the following statements about the economies of the world is false?

Revolt · Accepted Answer

The US economy is the largest in the world when measured in GDP per person.

Question 5

The US economy received all of the following benefits as a result of technological advancements during industrialization except __________.

Revolt · Accepted Answer

increased farm employment

Question 6

What effect do tax incentives have on economic development?

Revolt · Accepted Answer

Tax incentives encourage international trade of human or physical resources.

Question 7

All of the following jobs could be placed in the quinary economic sector except __________.

Revolt · Accepted Answer

a worker in a unionized auto factory

Question 8

Which of the following statements about quotas in the International Monetary Fund (IMF) is false?

Revolt · Accepted Answer

The US and Japan are the only countries with enough votes to block certain decisions single-handedly.

Westernization and Commoditization — Unit test Answers