Globalization: 1900 to Today
What term describes an economy where supply and price are regulated by the government rather than market forces?
Market economy
Traditional economy
Mixed economy
Command economy
How did the political ideology of communism impact artistic expression during the 20th century in the Soviet Union?
It fostered a revival of classical tsarist-era aesthetic styles as a form of nationalist expression.
It encouraged a flourishing of individualistic and abstract art forms free from state interference.
It resulted in an increased influence of Western capitalist themes in Soviet artwork.
It led to socialist realism, where art was used as propaganda to glorify communist values.
Which sector advanced the greatest at the end of the 19th century with the rise of the Internet?
Agriculture
Energy
Communication
Medicine
How did international organizations such as the World Trade Organization shape global economic policies after 1995?
They discouraged any means of international trade due to strict regulatory controls imposed by member nations.
They set up rules and standards for global trade that member countries were urged to follow to ensure fair competition.
They focused solely on protecting domestic markets from global competition, reversing trends towards free trade.
They eliminated all tariffs and quotas resulting in immediate unrestricted global market access for all economies.
What impact did the creation of free trade agreements have on global economies in the late twentieth and early twenty-first centuries?
They reduced tariffs and increased trade between member countries, promoting economic integration.
They completely stopped cultural and economic exchanges between the nations involved due to stricter regulations.
They led to a significant decline in intra-regional trade as countries focused exclusively on global markets.
They dramatically increased barriers to trade with non-member nations, decreasing global economic activity.
How did patterns related to migration during the late twentieth century reflect both continuity and change?
Decreased overall migration rates owing primarily technological changes that reduce necessity physical relocation
Predominantly unidirectional migrations from rural areas urban centers without any significant counterurbanization trends
Economic opportunities continuing to drive migration alongside new political instabilities influencing refugee movements
Migration largely driven by colonial resettlement practices instead modern economic or political factors
Whose leadership is considered a significant factor in transforming China into a major actor in global trade by embracing market-oriented reforms while maintaining state control?
Jiang Zemin with "Three Represents Theory."
Xi Jinping with "Belt and Road Initiative."
Deng Xiaoping through his "Open Door Policy."
Mao Zedong through his "Great Leap Forward."

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How did the spread of multinational corporations impact traditional cultures in various societies during the late 20th and early 21st centuries?
It reduced cultural exchanges between different regions.
It increased governmental control over cultural expressions.
It led to cultural homogenization through consumer products.
It prompted a resurgence in indigenous cultural practices.
How did some countries respond to the environmental effects associated with increased global economic integration during the late 20th and early 21st centuries?
Prioritizing national industries over adherence to any form of international standards.
Withdrawing from all global markets to reduce their domestic pollution levels.
Ignoring scientific evidence of environmental degradation for continuous industrial growth.
By engaging in international environmental agreements like the Kyoto Protocol.
The 21st century saw a change in world economic order with the introduction of which Asian country?
Singapore
All of the above
Japan
Hong Kong