Unit Test International Trade in the Modern World

Name: _______________________ Date: _______________________ 100 100 BBB4M1 – Unit 2 Test International Trade in the Modern World Part A: True and False (15 Marks) / 15 Answer the following questions with true (T) or false (F). Correct the false statements T T 1.___ T T Positive effects of globalization include: improved human rights, increased productivity, and innovation. 2.___ F F Trade agreements are beneficial because they eliminate trade barriers and encourage foreign investment. 3.___ The North American Free Trade Agreement (NAFTA) is advantageous for Canada because manufacturing jobs have been sent to Mexico where labour is cheaper. T T T – Losing manufacturing jobs to Mexico,†¦show more content†¦The ________________ is responsible for providing loans for economic development and infrastructure development in developing countries: m) The World Bank n) The Marshall Plan o) The International Monetary Fund p) The General Agreement on Trade and Tariffs 5. The ________________ provided financial aid, from the US, to European countries struggling to survive economically after World War II: q) The World Bank r) The Marshall Plan s) The International Monetary Fund t) The General Agreement on Trade and Tariffs 6. The ________________ establishes economic policies and rights that should be ensured for everyone in the world: u) The Universal Declaration of Human Rights v) The Marshall Plan w) The World Trade Organization x) The General Agreement on Trade and Tariffs 7. The ________________ establishes the largest free trade area in the world: y) The European Union (EU) z) The Asia-Pacific Economic Co-operation (APEC) {) The United Nations (UN) |) The North American Free Trade Agreement (NAFTA) 8. A trade agreement between two countries is called: }) Multilateral ~) Bilateral ) Unilateral ) Quadrilateral 9. A common currency is unfavourable because it: ) Increases markets ) Encourages price transparency ) Lacks national controlShow MoreRelatedAncient Egypt and Copyright Slater1717 Words   |  7 PagesCONTENTS INTRODUCTION UNIT 2 READING The IELTS Reading Test Instructions for Test Practice Reading Test 1 Reading Test 2 Reading Test 3 Reading Test 4 Reading Test 5 Reading Test 6 Fast Track Reading Learn from your mistakes How can I improve? 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