Trade and Barriers to Trade

Multiple Choice

Which of the following is a negative effect of globalisation mentioned in the lesson?

• Unfair work

• More jobs

• Better products

• Faster supply chains

Open Ended

Why is it important for countries to depend on each other for goods, services, and ideas in today's global economy?

Multiple Choice

Which of the following best shows global interdependence?

• A country growing all its own food

• A company using parts from many countries to make one product

• A business selling only to local customers

• A government banning imported goods

Multiple Choice

What is one risk of globalisation for countries?

• More jobs and better products

• Faster communication and transport

• Pollution and unfair working conditions

• Cheaper goods and more trade

Open Ended

Explain how the scenario of a mobile phone designed in the USA, made with parts from China, Korea, and Germany, and sold in Australia shows globalisation and global interdependence.

Fill in the Blank

Fill in the blank: Transnational Corporations (TNCs) are big companies that operate in more than one ___.

Open Ended

How can TNCs affect local businesses and the environment?

Multiple Choice

Which of the following is NOT a problem TNCs can face when trading between countries?

• Different rules in each country

• Language and culture differences

• Lower production costs

• Transport and delays

Fill in the Blank

A Free Trade Agreement helps countries buy and sell without too many rules or extra ___.

Multiple Choice

Why might a country use quotas as a trade barrier?

• To increase exports

• To limit the amount of imports

• To lower prices for consumers

• To encourage free trade

Multiple Select

Which of the following are examples of trade barriers?

• Tariffs

• Quotas

• Subsidies

• Free Trade Agreements

Open Ended

Explain how tariffs can affect the price of imported goods for consumers.

Open Ended

Do you think tariffs help or hurt consumers? Why?

Multiple Choice

What is the main purpose of a quota as a trade barrier?

• To limit how much of a product can be imported

• To increase exports

• To lower the price of imported goods

• To encourage foreign investment

Fill in the Blank

A subsidy is money given by the ___ to help local businesses.

Multiple Choice

Which of the following is NOT listed as a disadvantage of free trade?

• Increased local business profits

• Job losses in some industries

• Poor working conditions in some countries

• Harm to the environment

Fill in the Blank

Free Trade Agreements (FTAs) help countries trade more ___ and cheaply.

Open Ended

Explain how tariffs and quotas can help protect local businesses. Use examples from the lesson to support your answer.

Multiple Choice

Which of the following is an example of a global event that can slow down trade?

• A new smartphone release

• A local sports event

• A war or pandemic

• A fashion show

Open Ended

Summarize one positive and one negative impact of globalisation discussed in today's lesson.