Competency Quiz #2

You have a Competency Quiz on Thursday of this week.  The Quiz will be assessing the Competency: Analyze the foundations of contemporary globalization.

You were provided with a study guide in class.  If you have lost it, please come and see me!

The test will cover the following concepts.  For each concept there will be FIVE questions. Each question will be at a different level of difficulty (1st question - Beginning, 2nd question - Progressing, 3rd and 4th questions - Competent and the 5th question will be a short answer at an Exemplary level of difficulty).

1. Factors leading to contemporary globalization (WWI, Great Depression and WWII)
- Understand how these events set the context for contemporary globalization as we know it. (2Qs)
- Keynes, Hayek and Freidman and how the three above viewed government intervention in an economy (3Qs)
2. The role of trade organizations and agreements in a globalized society 
- Understand the idea of Trade Liberalization and how that lead to GATT and the WTO (5Q’s)
3. Analyze the multiple perspectives on the IMF and World Bank (5Qs)
4. Analyze the multiple perspectives on NAFTA and the EU (5Qs)
5. Analyze the multiple perspectives on the WTO (5Qs)

A SAMPLE of the layout and escalating levels of difficulty is below (note, on the exam these would all be on the same concept):

Beginning:

1. NAFTA refers to
    a. North American Fair Trade Agreement
    b. North Amiercan Free Trade Agreement
    c. North African Fair Trade Agreement
    d. North African Free Trade Agreement

Progressing:
2. Which of the following organizations and agreements is an example of an attempt at trade liberalization between countries?
    a. IMF
    b. NAFTA
    c. World Bank
    d. United Nations

Competent:

3.  Much of the opposition to the World Trade Organization would cease if the organization
    a. stopped fostering international economic cooperation
    b. stopped providing assistances to developing and transnational economies
    c. stopped alleged unfair trade dispute rulings that only benefit more developed countries
    d. became more like the United Nations and worked to promote international peace

Competent:

 Organization           Membership       Main Goal
       I                               185 Countries           Provide debt reduction and financial stability
       II                               185 Countries           Reduction of world poverty and improving living standards                
      IV                               150 Countries          Monitor, regulate and improve international trade

4. Which of the above organizations represents the International Monetary Fund?
   a. Organization I
   b. Organization II
   c. Organization III
   d. None of the above

"NAFTA is an agreement where there are clear winners and clear losers.  This agreement has served to assist those at the top and degrade those at the bottom.  It is a system that has created hardships for those who already carry the burden of economic shortfalls on their shoulders."

5. Explain the perspective of the above speaker with regards to NAFTA and provide two arguments AGAINST this perspective. 

I am available for help at anytime!