1. What is a criticism of labeling countries as developed? A) They often must adhere to a western style economy to be considered developed. B) They must participate in a free-trade agreement with other nations to be considered developed. C) They exist only in North America and Europe and are not inclusive of other parts of the world. D) They ignore key environmental issues whereas developing nations do not. 2. What is a common trait among developed nations? A) a multicultural society B) a national language C) a high per-capita income D) a highly agricultural society 3. According to the World Bank (WB), what is the requirement to be in the "developing nation" category? A) A country must be classified as low-income. B) A country must have a low- or middle-income. C) A country must have an industrialized economy. D) A country must be voted into the "developed" category. 4. Free trade agreements (FTAs) led most directly to which of the following outcomes? A) better working conditions B) educational reforms C) cultural diffusion D) immigration 5. All of following are true about how the European Union differs from NAFTA except A) The European Union has a common currency and NAFTA does not. B) The European Union has social goals where NAFTA does not. C) The European Union has political goals where NAFTA does not. D) The European Union has tariffs where NAFTA does not. 6. What motivates countries to join regional trade blocs? A) removing barriers to trade protects from influence of foreign markets B) increasing tariffs adds to the national GDP C) eliminating barriers to trade benefits the economies of member nations D) expanding trade relationships reduces cultural diffusion
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2. What is a common trait among developed nations? A) a multicultural society B) a national language C) a high per-capita income D) a highly agricultural society B would be the best answer (I think)
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08.06 The Modern Era - Globalization
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