The following are the examples of Solidity in the metaphors of globalization

except________.

Mayon Volcano

University Gate

Global Financial Problem

Pampanga River

Custom Union is a stage of economic integration by which tariffs and barriers are
eliminated and by which member nations abide by a common external policy in
dealing with non- member nations. Which of the following options best describe
Custom Union?

GATT

OPEC

ASEAN

APEC

Globalization makes people feel like they are living in one place wherein they
experience oneness. *

Globalization as broad

Globalization as Inclusive

Globalization as exclusive

Globalization as broad and inclusive

All of the following statements are advantages of Trade Liberalization, except one.

Encourages Countries to specialize

Can attract foreign investment

Can lead to lower prices for the consumers

Can result in exploitation of the environment

In free market economy the government should_______.

Full control over the economy

Lessen its intervention in economic activity

Encourage everyone to have a classes society

Never interfere at all

this perspective of globalization believes that globalization occurs as people want to

live a better life. *

Cycles

hardwired

events

epochs

Broader
Philippines is being more industrialized than the peripheral but less industrialized
than the core. This statement shows that the Philippines is currently under what
category in World System Theory?

Middle-income

Peripheral nations

Poor or low-income

Semi-peripheral nations

A level of Economic integration wherein country members share one trade policy
with non-members.

Free Trade Area

Custom union

Common Market

Economic Union

Philippines has increased it in its interdependence, connectivity and integration to

other countries for easy access of trade, investment, migration and technology. what
phenomenon is this?

Internationalization

Liberation

Globalization

market integration

In this economic integration, it has not only eliminated barriers and abides by a
common external policy but it also includes all economic resources such as labor
and capital.

WORLD BANK
INTERNATIONAL MONETARY FUND

COMMON MARKET

OPEC

Which of the following is not included in interconnected dimensions of Economic

Globalization?

Production

Technology

Capital Markets

Non-governmental Organizations

This corporations usually market their products and services to each global market.

COMMON MARKET

GLOBAL COMPANIES

CUSTOM UNION

BRETTON WOODS SYSTEM

this perspective of globalization believes that globalization started with a particular

occasion in the human history *

Cycles

hardwired
events

epochs

broader

There are three perspective in global cultural flow except for______.

Cultural Differentialism

Cultural Hybridization

Cultural Imperialism

Cultural Convergence

which of the following statements do not describe broader as a perspective on the

origin of globalization

Changes happen only in the last 70th years

Changes happens during the early voyages

changes happens in the post world war 2.

both early voyages and post world war 2 are events that paved for the Globalization to
occur.

It refers to the increasing integration of economies around the world particularly

through the movement of goods, services, and capital across borders.  *

Trade Liberalization

Economic Integration

Economic Globalization
Modern world System.

Which of the following statement is not true about trade liberalization *

Consumer get products at the lower price

consumer get a product that has the lowest or least quality

Worker earned more

None of the above

A company that has investment in many countries and distributes the decision-
making powers and research development to each headquarter.

TRANSNATIONAL CORPORATIONS

GLOBAL COMPANIES

GLOBAL CORPORATION

COMMON MARKET

Jollibee Import their products and has different retail store outside the Philippine.
this is a portrayal of which kinds of Company?

TNC

MNC

INTERNATIONAL COMPANY

GLOBAL COMPANIES

It provides financial assistance to countries on economic crisis or with threatened

currencies.
WORLD BANK

INTERNATIONAL MONETARY FUND

COMMON MARKET

GATT

This theory views the world system as a social system with a cultural framework,
which composed of interdependent unit creating one social system.

World Culture Theory

World Polity Theory

World System Theory

Modernization Theory

It refers to an agreement among countries in a geographic region to reduce and

remove tariff barriers.

Trade Liberalization

Economic Globalization

Economic Integration

Modern world System.

It is a monetary system by which currencies has a fixed exchange rate with the U.S.
dollar.

GLOBAL COMPANIES

OPEC
COMMON MARKET

BRETTON WOOD SYSTEM

Which of the following statements do not refer to Globalization as narrow and

exclusive *

different parts of the world is categorized to division of labor

International transactions happens between and among specific countries

Technological advancement brought by different transaction among countries.

Creation of Free trade and Free market

Its main objective is to remove barrier blocking international trade by reducing

tariffs, quotas and subsidies which was established in 1948.

CUSTOM UNION

GATT

TRANSNATIONAL CORPORATION

GLOBAL CORPORATION

It provides financing to developing countries to help reduce poverty and support

economic growth.

BRETTON WOOD SYSTEM

INTERNATION MONETARY FUND

CUSTOM UNION

GLOBAL CORPORATION

Which of the following statements is true about the tariff?

It protects domestic products

It raises revenue for the Governments

It is viewed as a barrier to free trade

All of the above

this perspective of globalization believes that the current form of globalization will
be replaced by different form of globalization *

Cycles

hardwired

events

epochs

broader

Which of the following statements describe Protectionism?

It refers to government policies that allows free flow of trade

It protects domestic products through implementation of tariff.

It refers to the removal of trade barriers between countries

It refers to the trade barriers between countries

This international financial institution was established to regulate the price of oil in
order to secure fair and stable prices for petroleum producers

OPEC

APEC

ASEAN
IMF

Zeus is one of the people who are against the utility of globalization as an incorrect
analytical concept. In this statement which criticism on the existing evidences of
Globalization.

Modifiers

Rejectionist

Sceptics

Repudiation

They are key players in global economic integration by influencing consumer

behavior like spending patterns, lifestyle, work and culture among others.

WORLD BANK

CUSTOM UNION

GLOBAL CORPORATION

GLOBAL COMPANIES

TRUE OR FALSE
Direction: Choose True if the statement is true and False if the statement is false. (1 Point Each)

The PHILIPPINES was one of the founding fathers of the ASEAN. *

True

False

In metaphors of Globalization, liquid refers to increasing ease of movement of

people, things, information and culture across the globe due to advances in
technology, economic and political integration and establishment of global policies.

True
False

The two world wars destroyed the flourishing economic activities of the 19TH
CENTURY. *

True

False

PRODUCING AND MANUFACTURING goods for the local community only is

one of the nature of Global corporations. *

True

False

One of the focuses of the International Financial Institution is to provide

ECONOMIC AND FINANCIAL SUPPORT to developing countries. *

True

False

The IMF and the World bank is the direct result of the world war 1? *

True

False

Organization for Economic Co-operation and Development is an organization has

also given importance to the protection of intellectual property rights, environments,
and rights of workers or laborers.

True

False

INTERNATIONAL FINANCIAL INSTITUTION are usually owned and governed

by one country. *
True

False

Globalization is a process in which the production and financial structures of

countries are becoming interlinked by an decreasing number of cross-boarder
transactions.

True

False

Tariffs are the incentives and cash payments distributed to domestic businesses in
the form of either money or goods that will serve as a payment for allowing its
international products to be sold.

True

False

INTERNATIONAL COMPANIES activities are limited to importing and exporting

products. *

True

False

The shareholders of the TRANSNATIONAL COMPANY are usually owned by

foreign countries. *

True

False

Flow is a different from Liquid metaphor as Flow describes the characteristics of

how materials in globalization proceed as time goes by. *

True

False
Economic Union is considered to be the highest degree of economic integration by
which member country has its own decision when it comes to the external rate of
tariff to non-member countries

True

False

MULTINATIONAL COMPANY usually exports it’s materials or products to other

countries which their other branches are located. *

True

False

Liquid as metaphors of Globalization implies that Globalization might never

regressed *

True

False

The History of the GLOBAL MARKET can be traced back to early Greek
civilization. *

True

False

Preferential trading are is a kind of barrier that imposes strict standards in imported
products which may make it difficult for different importing countries to bring their
goods in the local market. Thus, the restriction of a particular product can lead to a
higher volume of product production domestically.

True

False
Trade Liberalization uses Positive Integration *

True

False

OECD was initially created to imbibe the principle of interdependence among

national economies *

True

False

Heterogeneity is associated with the creation of global inputs leading to a variety of

cultural hybrids.  *

True

False

A Multinational Company usually pay tariffs for their products as compared a

TRANSNATIONAL COMPANY. *

True

False

There are two opposing views on the impact of Globalization, Homogeneity and
sameness.

True

False

Advantages of Trade Liberalization: 1. It can lead to a higher efficiency of

producers. 2. Encourages the exportation of national products which may expand
their products globally. 3. It can attract foreign investment.

True
False

With the reduction of barriers such as tariffs and import quotas in the process of
exchanging goods and services, it significantly reduces the cost of goods sold by the
importing countries.

True

False

The Great Depression happened after the world war 2 *

True

False

IDENTIFICATION
WRITE YOUR ANSWER IN CAPITAL LETTERS AND BE EXACT WITH THE ANSWER.

this impact of globalization believes that local would make difference in a global
scale

HETEROGENEITY
BONUS QUESTION: COMPLETE NAME OF YOUR TEACHER IN THIS
SUBJECT ( FIRSTNAME MIDDLE NAME LAST NAME *

ANDRELENZ MONTEVIRGEN BUENAVENTURA

A theory wherein world system theory is anchored to. *

Immanuel Wallerstein

this is the process wherein some countries impose their power and extend their
influences across the globe-GLOBALIZATION
this is an impact of globalization that can be seen as a process that is centered on
efficiency and effectiveness- HOMOGEINITY

One of the Main Actors of Economic Globalization responsible for maintaining high
standards of the goods and services-MULTINATIONAL COMPANIES

One of the Main Actors of Economic Globalization that is responsible for making
policies in terms of transaction and trading. -REGULATORY INSTITUTIONS