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? *

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.

Practice Questions

Avengers: The Story of Globalization Practice Questions

Ian Bremmer and Tyler Cowen on Globalization and Robots

Tyler Cowen on American Culture and Innovation

Don Boudreaux on Trade and Prosperity

Tyler Cowen on...

Alex Tabarrok on...

Various Topics