11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ.

Batch 4 (BSED - SCI 1A)

Mid-term Examination in GEC 5 Contemporary

*Kinakailangan

1. Email *

1:30 pm - 3:00 pm, Saturday, November 6, 2021

2. LAST NAME, FIRST NAME, MIDDLE INITIAL *

3. COURSE & BATCH *

Sir Carlo Magne Jeffrey G. Magcamit

DIRECTIONS: Choose the correct answer from the choices given in each question.
MULTIPLE CHOICE

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 1/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

4. Which is the greatest contributor in the eradication of extreme poverty? * 1 punto

Mag-marka lamang ng isang oval.

Better access to education

Humanitarian aid

Economic globalization

Policies of international organizations like the United Nations

5. What did the United Nations (UN) do to address the different problems in the world, especially 1 punto

extreme poverty and hunger, which are ranked as the first? *

Mag-marka lamang ng isang oval.

Created the Eight Millennium Development Goals

Environmental Degradation

Expanded the Global Trade

Implemented the Sustainable Development

6. What did Hans Rosling say about economic globalization, poverty, and inequality? * 1 punto

Mag-marka lamang ng isang oval.

"In my experience, poor people are the world's greatest entrepreneurs. Every day they
must innovate in order to survive. They remain poor because they do not have the
opportunities to turn their creativity into sustainable income."

"The triumph of globalization and market capitalism has improved living standards for
billions while concentrating billions among the few."

"The 1 to 2 billion poorest in the world who don't have food for the day suffer from the
worst disease, globalization deficiency. The way globalization is occurring could be much
better, but the worst thing is not being part of it."

"At the global level, whites are disproportionately in the dominant North, while blacks
are primarily in the south; although this is changing with South-to-North migration."

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 2/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

7. What did Muhammad Yunus explain in his microcredit? * 1 punto

Mag-marka lamang ng isang oval.

"In my experience, poor people are the world's greatest entrepreneurs. Every day they
must innovate in order to survive. They remain poor because they do not have the
opportunities to turn their creativity into sustainable income."

"The triumph of globalization and market capitalism has improved living standards for
billions while concentrating billions among the few."

"The 1 to 2 billion poorest in the world who don't have food for the day suffer from the
worst disease, globalization deficiency. The way globalization is occurring could be much
better, but the worst thing is not being part of it."

"At the global level, whites are disproportionately in the dominant North, while blacks
are primarily in the south; although this is changing with South-to-North migration."

8. What did Harvard economist Richard Freeman say about global capitalism? * 1 punto

Mag-marka lamang ng isang oval.

"In my experience, poor people are the world's greatest entrepreneurs. Every day they
must innovate in order to survive. They remain poor because they do not have the
opportunities to turn their creativity into sustainable income."

"The triumph of globalization and market capitalism has improved living standards for
billions while concentrating billions among the few."

"The 1 to 2 billion poorest in the world who don't have food for the day suffer from the
worst disease, globalization deficiency. The way globalization is occurring could be much
better, but the worst thing is not being part of it."

"At the global level, whites are disproportionately in the dominant North, while blacks
are primarily in the south; although this is changing with South-to-North migration."

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 3/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

9. It reflects the continuing expansion and mutual integration of market frontiers, and is an 1 punto

irreversible trend for the economic development in the whole world at the turn of the
millennium. *

Mag-marka lamang ng isang oval.

Market Integration

Sustainable Development

Economic Globalization

Global Trade

10. It means the development of our world today by using the earth’s resources and preservation 1 punto

of such sources for the future. *

Mag-marka lamang ng isang oval.

Market Integration

Sustainable Development

Economic Globalization

Global Trade

11. Through this “explosion” of industry and modern technology, some nations became 1 punto

economically developed while others were developing. Ultimately, the result is the economic
gap among countries. The gap between the richest and the poorest nations are greater today
than in the past. *

Mag-marka lamang ng isang oval.

Environmental Degradation

Global Income Inequality

Global Capitalism

Economic Big Bang

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 4/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

12. They are the countries with GNI (Gross National Income) between $4,000 and $12,000 per year. 1 punto

Mag-marka lamang ng isang oval.

High Income Countries

Upper Middle Income Countries

Lower Middle Income Countries

Low Income Countries

13. They are countries with GNI (Gross National Income) between $1,000 and $4,000 per year. * 1 punto

Mag-marka lamang ng isang oval.

High Income Countries

Upper Middle Income Countries

Lower Middle Income Countries

Low Income Countries

14. These countries not only face income poverty, they also have greater rates of disease, worse 1 punto

healthcare and education systems, and many of their citizens lack access to basic needs like
food and clean water. *

Mag-marka lamang ng isang oval.

High Income Countries

Upper Middle Income Countries

Lower Middle Income Countries

Low Income Countries

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 5/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

15. This theory frames global stratification as a function of technological and cultural differences 1 punto

between nations. It specifically pinpoints two historical events that contributed to Western
Europe developing at a faster rate than much of the rest of the world. *

Mag-marka lamang ng isang oval.

Modernization Theory

Dependency Theory

Capitalist world economy

Global City

16. Sassen (1991) used this concept to describe the three urban centers of New York, London, and 1 punto

Tokyo as economic centers that exert control over the world’s political economy. *

Mag-marka lamang ng isang oval.

Modernization Theory

Dependency Theory

Capitalist world economy

Global City

17. It was initially developed by Hans Singer and Raul Presbisch in the 1950s and has been improved 1 punto

since then. The two main sub-theories are the North American Neo-Marxist approach and the
Latin American structuralist approach. *

Mag-marka lamang ng isang oval.

Modernization Theory

Dependency Theory

Capitalist world economy

Global City

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 6/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

18. Wallerstein described high-income nations as the “core” of the world economy. This core is the 1 punto

manufacturing base of the planet where resources funnel in to become the technology and
wealth enjoyed by the Western world today. Low-income countries, meanwhile, are Wallerstein
called the “periphery,” whose natural resources and labor support the wealthier countries, first
as colonies and now by working for multinational corporations under neocolonialism. Middle-
income countries, such as India or Brazil, are considered the semi-periphery due to their
closer ties to the global economic core. *

Mag-marka lamang ng isang oval.

Modernization Theory

Dependency Theory

Capitalist world economy

Global City

19. Which of the following descriptions pertain to Walt Rostow's Traditional Stage of 1 punto

Modernization? *

Mag-marka lamang ng isang oval.

People begin to use their individual talents to produce things beyond the necessities.
This innovation creates new markets for trade. In turn, greater individualism takes hold and
social status is more closely linked with material wealth.

The societies that are structured around small, local communities with production
typically being done in family settings. Because these societies have limited resources and
technology, most of their time is spent on laboring to produce food, which creates a strict
social hierarchy.

It is when your country is big enough that production becomes more about wants than
needs. Many of these countries put social support systems in place to ensure that all of
their citizens have access to basic necessities.

Technological growth of the earlier periods begins to bear fruit in the form of
population growth, reductions in absolute poverty levels, and more diverse job
opportunities.

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 7/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

20. Which of the following descriptions pertain to Walt Rostow's Technological Maturity stage of 1 punto

Modernization? *

Mag-marka lamang ng isang oval.

People begin to use their individual talents to produce things beyond the necessities.
This innovation creates new markets for trade. In turn, greater individualism takes hold and
social status is more closely linked with material wealth.

The societies that are structured around small, local communities with production
typically being done in family settings. Because these societies have limited resources and
technology, most of their time is spent on laboring to produce food, which creates a strict
social hierarchy.

It is when your country is big enough that production becomes more about wants than
needs. Many of these countries put social support systems in place to ensure that all of
their citizens have access to basic necessities.

Technological growth of the earlier periods begins to bear fruit in the form of
population growth, reductions in absolute poverty levels, and more diverse job
opportunities.

21. Which of the following descriptions pertain to Walt Rostow's High Mass Consumption stage of 1 punto

Modernization? *

Mag-marka lamang ng isang oval.

People begin to use their individual talents to produce things beyond the necessities.
This innovation creates new markets for trade. In turn, greater individualism takes hold and
social status is more closely linked with material wealth.

The societies that are structured around small, local communities with production
typically being done in family settings. Because these societies have limited resources and
technology, most of their time is spent on laboring to produce food, which creates a strict
social hierarchy.

It is when your country is big enough that production becomes more about wants than
needs. Many of these countries put social support systems in place to ensure that all of
their citizens have access to basic necessities.

Technological growth of the earlier periods begins to bear fruit in the form of
population growth, reductions in absolute poverty levels, and more diverse job
opportunities.

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 8/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

22. Which of the following descriptions pertain to Walt Rostow's Take-off Stage of Modernization? 1 punto

Mag-marka lamang ng isang oval.

The societies that are structured around small, local communities with production
typically being done in family settings. Because these societies have limited resources and
technology, most of their time is spent on laboring to produce food, which creates a strict
social hierarchy.

It is when your country is big enough that production becomes more about wants than
needs. Many of these countries put social support systems in place to ensure that all of
their citizens have access to basic necessities.

People begin to use their individual talents to produce things beyond the necessities.
This innovation creates new markets for trade. In turn, greater individualism takes hold and
social status is more closely linked with material wealth.

Technological growth of the earlier periods begins to bear fruit in the form of
population growth, reductions in absolute poverty levels, and more diverse job
opportunities.

23. It refers to the net worth of a country. It takes into account all the assets of a nation—may 1 punto

they be natural, physical, and human—less the liabilities. *

Mag-marka lamang ng isang oval.

Income

Income Inequality

Wealth Inequality

Wealth

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 9/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

24. It speaks about distribution of assets. However, there is no widely recognized, monetary 1 punto

measure that sums up these assets. *

Mag-marka lamang ng isang oval.

Income

Income Inequality

Wealth Inequality

Wealth

25. It is the abundance of resources in a specific country. * 1 punto

Mag-marka lamang ng isang oval.

Income

Income Inequality

Wealth Inequality

Wealth

26. It is the new earnings that are constantly being added to the pile of a country’s wealth. * 1 punto

Mag-marka lamang ng isang oval.

Income

Income Inequality

Wealth Inequality

Wealth

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 10/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

27. It means that new earnings are being distributed; it values the flow of goods and services, not a 1 punto

stock of assets. *

Mag-marka lamang ng isang oval.

Income

Income Inequality

Wealth Inequality

Wealth

28. What does economists use to look at income and to measure global economic inequality? * 1 punto

Mag-marka lamang ng isang oval.

Gross National Income (GNI)

Gross Domestic Product (GDP)

Global Free Trade

Global Economy

29. It is a classification of poverty which exists in all societies, regardless of the overall income 1 punto

level of the society. *

Mag-marka lamang ng isang oval.

Situational Poverty

Relative Poverty

Absolute Poverty

Generational Poverty

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 11/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

30. It is a classification of poverty when a lack of resources is literally life-threatening. * 1 punto

Mag-marka lamang ng isang oval.

Situational Poverty

Relative Poverty

Absolute Poverty

Generational Poverty

31. These are countries that are less developed and receive an unequal distribution of the world’s 1 punto

wealth. *

Mag-marka lamang ng isang oval.

Peripheral Nations

Core Countries

Lower Middle Income Countries

Low Income Countries

32. These are more industrialized nations who receive the majority of the world’s health. * 1 punto

Mag-marka lamang ng isang oval.

Peripheral Nations

Core Countries

Lower Middle Income Countries

Low Income Countries

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 12/13
11/8/21, 8:41 AM Mid-term Examination in GEC 5 Contemporary World; 1st Yr. Educ. Batch 4 (BSED - SCI 1A)

33. It is when your country is big enough that production becomes more about wants than needs. 1 punto

Many of these countries put social support systems in place to ensure that all of their citizens
have access to basic necessities. *

Mag-marka lamang ng isang oval.

High Mass Consumption

Capitalist World Economy

Global Income Inequality

Efficiency

Hindi itinaguyod o inindorso ng Google ang nilalamang ito.

 Forms

https://docs.google.com/forms/d/16yKvUCAe5Ar1KgfkfqPK6A9D-_xwOHQwNPuPFM1HF7Y/edit 13/13