1) Transferring of property or business ownership from the government to a private entity. a) Liberalization b) Privatization c) Deregulation 2) The removal of state's power over a particular industry to create more competition. a) Liberalization b) Privatization c) Deregulation 3) The removal of limitations or barriers to free trade of products between countries. a) Deregulation b) Privatization c) Liberalization 4) Used to indicate the number of people who are both unemployed and employed. a) Unemployment rate b) Labor Force c) Structural Unemployment 5) Refers to the percentage of the whole labor force without jobs but is actively seeking employment. a) Unemployment rate b) Labor Force c) Structural Unemployment 6) Mismatch of worker's skills and the needs of the industry. a) Structural Unemployment b) Unemployment rate c) Labor Force 7) What is labor? a) Sleeping b) Work c) Playing 8) What are good examples of Globalization? a) Getting to learn other languages. b) Communicating with other people from other places c) Selling local products around the globe. d) All of the above 9) Globalization is? a) Destroying the culture of other people around the globe. b) The process of interaction and integration among people, companies, and governments worldwide c) Buying in Shoppee worldwide. 10) Refers to the individual's payment received rendering the work required to create goods or service.. a) Money b) Wage c) Work

Globalization

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