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Practice Questions
Avengers: The Story of Globalization Practice Questions
1. Which of the following is true about the American film industry and ticket sales today?
*
A) The domestic market is becoming more profitable than the international market.
B) The international market is becoming more profitable than the domestic market.
C) The domestic market and the international market are of roughly equal importance and profitability.
D) The domestic market and the international market vary in profitability depending on the year.
2. Which of the following best describes Globalization 1.0?
*
A) There is no trade and all forms of economic activity are self-sufficient.
B) Foreign trade is limited to a minority of goods, and transportation is slow and dangerous. Most goods are produced locally.
C) Foreign trade is common, and it is easy to transport goods over vast distances in a short amount of time reliably.
D) Information can move almost instantaneously, instead of goods being produced at a single location, free access to communication allows production to be split up into a global supply chain.
3. What primarily caused the shift from Globalization 1.0 to Globalization 2.0?
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A) Advancements in business organization.
B) Advancements in transportation.
C) Advancements in communication.
D) Advancements in political systems.
4. What primarily caused the shift from Globalization 2.0 to Globalization 3.0?
*
A) Advancements in business organization.
B) Advancements in transportation.
C) Advancements in communication.
D) Advancements in political systems.
5. What best describes how Globalization 4.0 is described in the video? [Which we have not achieved yet]
*
A) Producing goods in many different countries in a global supply chain.
B) A majority of goods produced and consumed are international.
C) Artificial Intelligence and robotics automating a majority of services.
D) Someone being in one location providing a service in a completely different location remotely.
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Everyday Economics
Course
(21 videos)
Ian Bremmer and Tyler Cowen on Globalization and Robots
Avengers: The Story of Globalization
Practice Questions
Creative Destruction: Technology and Trade
Practice Questions
Are There Winners and Losers of Globalization?
Practice Questions
Globalization: What About Inequality? (Coming Soon)
Globalization: What About the Environment? (Coming Soon)
Globalization: What About Sweatshops? (Coming Soon)
Tyler Cowen on American Culture and Innovation
The Complacent Class
Practice Questions
The New Era of Segregation
Practice Questions
American Stasis
The Missing Men
Practice Questions
The Great Reset
Don Boudreaux on Trade and Prosperity
The Hockey Stick of Human Prosperity
Practice Questions
Division of Labor: Burgers and Ships
Practice Questions
How the Division of Knowledge Saved My Son's Life
Practice Questions
Comparative Advantage and the Tragedy of Tasmania
Practice Questions
An Orgy of Innovation
Practice Questions
Are We Better Off If We Buy Local?
Practice Questions
Fair Trade: Does It Help Poor Workers?
Practice Questions
Tyler Cowen on...
The Rise and Fall of the Chinese Economy
Alex Tabarrok on...
The Hidden Cost of Pollution
Practice Questions
Various Topics
Economist's Christmas