6.2 Globalisation and Trade
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deanhoss
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18 QuestionsShow answers
  • Question 1
    30 seconds
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    Q.

    What does TNC stand for?

    answer choices

    Trans national corporations

    Trade nations conference

    Trans national countries

    Trial national cooperations

  • Question 2
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    Q.

    Which one of the following is a negative consequence of globalisation for less-developed countries

    answer choices

    Enhanced cultural uniqueness

    Skills transferred to domestic workers

    Improved terms of trade

    Wider income inequalities

  • Question 3
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    Q. What are some positive effects of Globalisation ?
    answer choices
    Increased freedom to travel and immigrate,better access to medicine,information, and technology.
    Lower prices for developed countries and low paying jobs in underdeveloped countries
    Less pollution in the world
    All of the above
  • Question 4
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    Q. Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions
    answer choices
    increase / decrease
    decrease / increase
    increase / increase
    decrease / decrease
  • Question 5
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    Q.

    Tax on imports is know as what?

    answer choices

    export

    guild

    tariff

    regulation

  • Question 6
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    Q. This economic system is based on competition, profits, and self-interest.
    answer choices
    Socialism
    Communism
    Capitalism
  • Question 7
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    Q.

    Who came up with the idea of capitalism in their book, The Wealth of Nations?

    answer choices

    Vasco da Gama

    Charles Marx

    Adam Smith

    Donald Trump

  • Question 8
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    Q. In an economy what three things must take place?
    answer choices
    Production, Relocation, Consumption
    Production, Distribution, and Consumption
    Production, Distribution, and Labeling
  • Question 9
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    Q. What does Specialization mean?
    answer choices
    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.
  • Question 10
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    Q.

    When government stops regulating a particular industry, we say that what has occurred.

    answer choices

    deregulation

    price ceiling

    stagflation

    recession

  • Question 11
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    Q. Which of the following is not likely to be associated with globalisation? 
    answer choices
    higher levels of protection against cheap foreign imports 
    an increase in exports as a proportion of nations’ gross domestic product (GDP) 
    growth in the in􏰀uence o􏰉 􏰊ultinational corporations
    higher rates of economic growth for countries which increase their trade openness 
  • Question 12
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    Q. A factor not facilitating the process of globalisation would be 
    answer choices
    the 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. 
  • Question 13
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    Q. Globalisation has resulted in 
    answer choices
    an increase in Australian trade surpluses. 
    an increase in global trade barriers. 
    a decline in global extreme poverty. 
    a decline in Australian productivity. 
  • Question 14
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    Q. Which of the following describes an effect of globalisation? 
    answer choices
    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.  
  • Question 15
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    Q. The purpose of protection is to 
    answer choices
    increase income for the whole economy.  
    increase income for the protected industry.  
    increase efficiency in the protected industry.  
    increase the volume of trade.  
  • Question 16
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    Q. What would limit the globalisation process among nations?
    answer choices
    Increase in the number of free trade agreements
    Increase in the flow of direct foreign investment
    Increase in the volume of trade flows
    increase in tariffs
  • Question 17
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    Q. Critics of globalisation general argue that globalisation 
    answer choices
    helps 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
  • Question 18
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    Q.

    Two of the main factors that have facilitated globalisation are:

    answer choices

    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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