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- 1. Multiple Choice
What does TNC stand for?
Trans national corporations
Trade nations conference
Trans national countries
Trial national cooperations
- 2. Multiple Choice
Which one of the following is a negative consequence of globalisation for less-developed countries
Enhanced cultural uniqueness
Skills transferred to domestic workers
Improved terms of trade
Wider income inequalities
- 3. Multiple ChoiceWhat are some positive effects of Globalisation ?Increased freedom to travel and immigrate,better access to medicine,information, and technology.Lower prices for developed countries and low paying jobs in underdeveloped countriesLess pollution in the worldAll of the above
- 4. Multiple ChoiceGlobalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditionsincrease / decreasedecrease / increaseincrease / increasedecrease / decrease
- 5. Multiple Choice
Tax on imports is know as what?
export
guild
tariff
regulation
- 6. Multiple ChoiceThis economic system is based on competition, profits, and self-interest.SocialismCommunismCapitalism
- 7. Multiple Choice
Who came up with the idea of capitalism in their book, The Wealth of Nations?
Vasco da Gama
Charles Marx
Adam Smith
Donald Trump
- 8. Multiple ChoiceIn an economy what three things must take place?Production, Relocation, ConsumptionProduction, Distribution, and ConsumptionProduction, Distribution, and Labeling
- 9. Multiple ChoiceWhat does Specialization mean?Something oe person does for someone else.Not being able to have everything that you want because of limited resources.Having more than you want, or need.When people work in jobs where they produce a few special goods, or services.
- 10. Multiple Choice
When government stops regulating a particular industry, we say that what has occurred.
deregulation
price ceiling
stagflation
recession
- 11. Multiple ChoiceWhich of the following is not likely to be associated with globalisation?higher levels of protection against cheap foreign importsan increase in exports as a proportion of nations’ gross domestic product (GDP)growth in the inuence o ultinational corporations
higher rates of economic growth for countries which increase their trade openness - 12. Multiple ChoiceA factor not facilitating the process of globalisation would bethe reduction of tariffs in some manufacturing industries.an improvement in telecommunications technology.more free trade agreements.an increase in rates of taxation paid by multinational firms.
- 13. Multiple ChoiceGlobalisation has resulted inan increase in Australian trade surpluses.an increase in global trade barriers.a decline in global extreme poverty.a decline in Australian productivity.
- 14. Multiple ChoiceWhich of the following describes an effect of globalisation?There has been a greater divergence in world economic systems.There has been an increase in global poverty.There has been an increasing trend towards regulation of markets.There has been as increase in the flow of financial capital.
- 15. Multiple ChoiceThe purpose of protection is toincrease income for the whole economy.increase income for the protected industry.increase efficiency in the protected industry.increase the volume of trade.
- 16. Multiple ChoiceWhat would limit the globalisation process among nations?Increase in the number of free trade agreementsIncrease in the flow of direct foreign investmentIncrease in the volume of trade flowsincrease in tariffs
- 17. Multiple ChoiceCritics of globalisation general argue that globalisationhelps spread the best of each country's culture.reduce income inequality.causes degredation in the world's environment.helps each country safeguard the best of its own culture
- 18. Multiple Choice
Two of the main factors that have facilitated globalisation are:
Movement of labour across borders and growth of MNC’s.
High economic growth rates and technological change.
Trade liberalisation and growth in tourism.
Technological change and trade liberalisation.
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