Contemporary World Issues B | Module 5 | Lesson 4: Quiz: "Globalization - The Good and the Bad"

What positive effect can embargos have for smaller countries?

Embargos can give small countries some control over larger countries.

Is this statement true or false? Embargos are not considered trade barriers.

False

Is this statement true or false? The U.S. State Department issues a report on foreign trade barriers each year.

False

Which country was not a member of OPEC in 1960?

India

Which country does not have a U.S. sanction placed upon it?

Japan

Of the following, what is not a trade alliance?

NATO

What does the "O" in OPEC stand for?

Organization

What was the result of the trade embargo on Iraq in the 90s?

Saddam Hussein removed Iraqi troops from Kuwait.

Is this statement true or false? Lack of intellectual property protection can be a trade barrier.

True

Is this statement true or false? Zimbabwe has been sanctioned by the U.S.

True

How did OPEC protest U.S. support of Israel in 1973?

placed an embargo on oil trade