Question 1

Production and export of primary commodities like copper, oil, and soybeans for export is often callled:&#10;A) Free trade&#10;B) Extractivism&#10;C) Exploitation of labor&#10;D) A value chain

Accepted Answer

Extractivism refers to the process of extracting natural resources from the earth to sell on the global market, which includes commodities like copper, oil, and soybeans.

Question 2

A company with assets, employees, ownership, production and sales in many different countries is known as:&#10;A) A transnational corporation&#10;B) A socialist enterprise&#10;C) A monopoly&#10;D) A post-capitalist business

Accepted Answer

A transnational corporation (TNC) is a company that operates in multiple countries, with assets, employees, ownership, production, and sales spread across different nations.

Question 3

Most of Latin America's new social movements see transnational globalization in the last few decades as:&#10;A) Creating new opportunities for environmentally responsible development&#10;B) Opening new possiblities for global democracy&#10;C) Helping to level the playing field between the Global North and Global South&#10;D) Working primarily for the benefit of the Global North

Accepted Answer

Most of Latin America's new social movements view transnational globalization as primarily benefiting the Global North, often at the expense of the Global South. This perspective is rooted in concerns about economic exploitation, cultural imperialism, and the unequal distribution of globalization's benefits.

Question 4

Arguments favorable to free trade agreements are rooted in:&#10;A) Territorial sovereignty&#10;B) Structuralism&#10;C) Comparative advantage&#10;D) Hegemony

Accepted Answer

Comparative advantage is a key economic concept that supports the argument for free trade agreements, suggesting that countries should specialize in producing goods where they have a lower opportunity cost, leading to increased efficiency and mutual benefits from trade.

Question 5

In which of the following countries would you find THE LEAST number of maquilas proportional to its population:&#10;A) Mexico&#10;B) El Salvador&#10;C) Dominican Republic&#10;D) Chile

Accepted Answer

Chile has the least number of maquilas proportional to its population compared to Mexico, El Salvador, and the Dominican Republic. Maquilas, or maquiladoras, are manufacturing operations in a free trade zone where factories import material and equipment on a duty-free and tariff-free basis for assembly or manufacturing and then export the assembled product, usually back to the originating country. Mexico is well-known for having a significant number of these facilities, especially near its border with the United States. El Salvador and the Dominican Republic also have a considerable number of maquilas, benefiting from their participation in free trade agreements and their strategic locations. Chile, on the other hand, has a more diversified economy that is not as reliant on maquiladoras for its manufacturing sector, focusing more on mining, agriculture, and services.

Question 6

Which of the following is NOT usually considered an example of extraction?&#10;A) A copper mine in Chile&#10;B) A soybean farm in Argentina&#10;C) A maquila in Haiti&#10;D) An oil field in Venezuela

Accepted Answer

Extraction typically refers to the process of obtaining resources or raw materials from the earth, such as minerals, metals, and oil. A maquila in Haiti, which is a type of factory that imports materials and equipment on a duty-free and tariff-free basis for assembly or manufacturing and then re-exports the assembled products, does not fit this definition as it involves manufacturing rather than the extraction of natural resources.

Question 7

Overall, agriculture in Latin America:&#10;A) Is being transformed by technology and integrated into supply chains&#10;B) Remains dominated by inefficient, semi-feudal haciendas&#10;C) Is dominated by US companies producin for export&#10;D) Continues to produce mainly for the domestic market in most countries

Accepted Answer

Agriculture in Latin America is experiencing significant transformation due to the integration of technology and global supply chains, enhancing efficiency and productivity.

Question 8

Pink Tide governments in Latin America:&#10;A) Vigorously opposed the Free Trade Agreement for the Americas (FTAA)&#10;B) Demanded that NAFTA and other such treaties be replaced by the FTAA&#10;C) Wanted the FTAA be widened to include China&#10;D) Criticized the FTAA as too protectionist

Accepted Answer

Pink Tide governments, which are generally left-leaning, opposed the Free Trade Agreement for the Americas (FTAA) because they viewed it as a form of economic imperialism that would disadvantage their countries.

Question 9

The continent of South America's largest trading partner is:&#10;A) Asia&#10;B) The European Union&#10;C) Asia&#10;D) The Middle East

Accepted Answer

The answer of The continent of South America's largest trading...

Question 10

The continent of South America's largest source of direct foreign investmen and finance is now:&#10;A) North America&#10;B) The European Community&#10;C) China&#10;D) The Middle East

Accepted Answer

China has significantly increased its investments in South America over the past decades, becoming a major source of direct foreign investment and finance for the continent, surpassing traditional investors such as North America and the European Community.

Deck 16: Democracy in Times of Globalization