The economic system as prerequisites for globalization in which market demand, supply, price and equilibrium isfreely made private decisionsof buyers and sellers in local and foreign markets.

a.Monopoly and monopsony

b.McDonalization and Dominance of Multinational Corporations

c.Chinasation Debt Trap

d.Western Liberal Economy

The second stage of economic integration where participating nation-states through a trade pact establishes acommon external tariffagainst non-member nation-states.

a.Common Visa Policy

b.Monetary Union

c.Custom Union

d.Political and economic union

An economic system contradictory to a free market economy where scarce resources and production of goods and services are owned andcontrolled by the governmentalongdominated by the working class.

a.Mixed Economy

b.Communist Command economy

c.Private sector economy

d.Liberal Economy

TheFour Freedoms of the European Unionin the enactment of common currency The Euro Zone and Schengen common visa

a.Freedom of movements for persons, goods, services, capital and technology

b.Monopoly and oligopoly of multinational and transnational corporations

c.Global capital with global and international companies

d.Freedom of rebel belligerent, secessionist and transnational crimes

Thesupply chain of coffeeproduction is called

a.The Grand Road Trunk

b.Bean Belt

c.Conveyor Belt

d.The Silk Road Belt

Imperfect Market Monopoly and Monopsonymeaning the businesses are

a.Pure competition and perfect information

b.Freedom of entry and exit and each business players is a price takers

c.Heavy use of advertising, sales promotion and branding management

d.Single sellers many buyers and single buyer and many sellers creating price-making

Businesses engaged inwholesalers, retailers, distributors, brokers, resellers, jobbers, direct selling, E-commerce and M-commerce are known as

a.Marketing Channels

b.Glocalization

c.Stock market

d.Bilateral Trade

Theindirect marketing channelsacting as agents, distributors or middlemen of a certain local companies in international trade and global marketing.

a.Offshoring and nearshoring

b.Foreign Direct Investments

c.International Joint Ventures

d.Export Management Companies

The economic sector of the society in the process of globalization thatcreates exclusive ownership of wealth, productions and capital through entrepreneurship.

a.Centrally Planned Economy

b.Private Sector with its private enterprises

c.Government Goods

d.Public sector

With the globalization of capital financing, the hedge of assets by an investor in various countries and companiesdiversified among securitiesor financial instruments like corporate shares of stocks, bonds, treasury bills and mutual funds is called

a.Portfolio Management

b.Popular culture

c.Direct Marketing Channels

d.Westernization